So below are my assignments and I am horrible at picking top

So below are my assignments and I am horrible at picking topics the first week of class so if any one could be so kind to read over the assignments and suggest topics/ companies I could use for these assignments. Thanks,

**Note I have already used Boeing, Lockheed Martin, General Dynamics and General Electric so those cannot be used for this assignment :)

GAAP/IFRS Paper

GAAP and IFRS address accounting processes from different perspectives. Pick a topic where they do not agree and discuss the issue (this is a compare / contrast paper). At least two pages no more than four single spaced and include your citations. Cover pages, abstract/ executive summary, table of content if you chose to include or bibliography / reference lists do not count toward page count. You may use one of the conference topics or you may use a totally different topic. Many large Accounting Firms have extensive analyses on GAAP/IFRS issues, so check their websites for the most current information.

SEC Project

        This is the final paper associated with your SEC analysis. You should consider your prior SEC analyses as you prepare this assignment.

Research and secure the annual SEC 10-K report for a company chosen by you (subject to the requirements set forth below) for the most recent year.

The company must have inventory, receivables, and segments.

The company must have international operations.

Report in our conference discussion the name of your company and how you found the SEC 10-K.Prepare a three- to five -page report, single spaced, and a PowerPoint presentation to post in our conferences, include a general discussion of the company, its key financial information and must include a discussion of :

transfer pricing and taxation

corporate social responsibility and reporting

Failure to include these will result in a reduced grade.

Your paper should consider accounting, tax, and audit issues for your company, and will be informed by discussions in our conferences as we define terms and key concepts for your required deliverables. Additional credit is given for discussing the company’s competitive environment.

Cover pages, abstract/ executive summary, table of content if you chose to include or bibliography / reference lists do not count toward page count.

FASB Project

\"The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.\" (http://www.fasb.org)

Project Objective

Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.

Requirements

The FASB has several ongoing projects that involve the review of standards and which may result in updates and/or revisions of financial accounting standards. You should select an ongoing FASB project after visiting the Technical Plan and Project Updates sections of the FASB Web site.

In a five- to seven-page paper, you should describe the project, its history (briefly), and the project\'s status. The final section of your paper should describe the implications of the project\'s adoption. For example, a paper might discuss a project that would result in accelerating the recognition of certain expenses and require additional disclosures.

Specifically:

Familiarize yourself with the project, including information on the history and background of the project and its status.

Using resources at www.fasb.org (including free access to U.S. GAAP codification if you register at the Web site as explained), identify the relevant GAAP and current standards involved. Discuss the proposed change (i.e., what will be different?) and the reasons for the change.

Using at least three different databases in the UMUC library, find at least five sources of information on this FASB project. As you conduct research, identify an actual case that may have provided the impetus for this proposed change, or that would have been influenced by the proposed change. At least two sources should be from scholarly or professional journals. Maintain a research log to document your research process. You will find a research log template (sample research tracker) posted in Course Content.

Frequently the large Accounting Firms have extensive analyses of FASB topics. It is strongly recommended to become familiar with these websites. Occasionally they will also offer free webinars on FASB topics.

Prepare an annotated bibliography. See Course Content for more information and a sample annotated bibliography.

Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).

Solution

IFRS has global acceptance where GAAP is accepted within the states and the rules differ than most of the world.

There is scope for flexibility in IFRS with respect to the situation concerned like for exceptions but there is little scope for such in GAAP

LIFO(Last In First Out) is not allowed in IFRS where it is allowed in GAAP.

This is an example of SEC 10-K fully compatible according to the questions given and comparison to fully understand the various aspects of productivity, efficiency etc.

*Every monetary aspect pertains to $

The history of the current liquidation basis of the accounting project began in 1984.

If a project is added to FASB agenda will be designed primarily to address both the liquidation basis accounting and going concern issues

Current status currently FASB is making preparations in the project to establish ways of effective communication to stakeholders on issues regarding standard setting activities.