Task:
The Industry area identifies 32 industries that have specific items unique to them. These industries range from five different areas of Entertainment to Mining, Financial Services, Airlines, Agriculture, Franchisors, Software, Health Care Entities, and many more.
To complete this assignment, you will need to access the FASB Codification. (Note: A login and password are required to access this site and are available from your professor.)
For this assignment, write a 2–4 page paper in which you:
1.Select one of the industries that interests you, and briefly explain why.
2.Identify how many subtopics are in the industry you selected.
3.Pick two subtopics within your selected industry that are applicable to a balance sheet (something to do with assets, liabilities, or equity).
4.Identify your chosen subsections by number and title. Explain what they mean in your own words.
5.Identify what accountants in your selected industry might be focused on as an area or areas of concern.
This course requires the use of Strayer Writing Standards (SWS). For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Examine industry research as it relates to a balance sheet.
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