there are a variety of authorities accounting pronouncement dealing with debt and equity. From the e-Activity, summarize the current accounting treatment for investments in debt and equity securities. Identity three (3) issues with implementation that the Emergency Issues Task Force (EITF) has addressed. Recommend a way in which one could overcome these implementation issues.
Week 1 eActivity
- Review the authoritative literature on Statement of Financial Accounting Standards (SFAS) 115 at the FASB Website, located at http://www.FASB.org. Note: Click â€œadvance searchâ€, type in â€œSFAS 115â€, for search options select â€œAllâ€, and click the arrow to begin the search. Be prepared to discuss.