ACC 557 DQ 2 Financial Accounting
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ACC 557 DQ 2 Financial Accounting
" Please respond to the following:
Predict one major change in financial accounting that may likely occur within the next 10 years.
As a CFO, recommend how you would integrate these changes into your business.
Answer:
Predict one major change in financial accounting that may likely occur within the next 10 years.
I think the Securities and Exchange Commission (SEC)will be making a complete change in U.S. accounting standards. If the roadmap is adopted, U.S. companies will have to change from the country's existing accounting rulebook to International Financial Reporting Standards (IFRS) in 2014. Under the SEC plan, some very large firms (most likely multinationals) have adopted the new standards since 2009. I think with the market turmoil that has...
