Week 4 Assignment Your Name. ACCT540 Professional Research in Accountants Jim Racic 1/25/2016

The first key project that I would like to discuss is the equity method of accounting. It was developed considering how the equity method of accounting was applied and what the equity method of accountings relation to financial reporting issues. The problem first originated in the 2011 Agenda Consultation after the equity method of accounting was disapproved of. The criticism that was discussed questioned regarding if the information the equity method provides offsets both the inconsistencies and complexities. These inconsistencies and complexities are over goodwill impairment, share-based payments, and joint arrangements. IFRS plans to evaluate this method on it how...