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Research the IASB, and discuss its structure.
Provide a brief history for this organization.
Compare and contrast the differences between principles- and rules-based approaches when setting accounting standards.
Share what you feel are 2 barriers and 2 benefits that could be encountered with the move toward a single set of accounting standards
Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations
Research this topic, and give your argument for or against the use of fair value for the nonfinancial assets of a company
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Primary Task Response: Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft that you will complete next week.
Part 2 400 – 600 words
write at least 3 paragraphs about the outline.