ACCT 304 Week 1 Discussion 2 | Devry University

ACCT 304  Week 1 Discussion 2 | Devry University

Week 1: Accounting Conceptual Framework

A sound foundation is necessary for success in any task from building a house to putting on make-up. In terms of U.S. Accounting Standards, it is also necessary to have a sound foundation, referred to as the conceptual framework.

Let's discuss it step by step starting with the objective. What is the objective of accounting standards?

Alternative Discussion Topic: You may elect to choose a tweet from the FASB Twitter Feed (@FAFNorwalk) integrated into the home page of this course, summarize the overarching topic of the tweet and related article or video, and connect it to a topic we've studied in class this week. If a classmate has chosen a feed in which you're interested, agree with their summary and position by providing further supportive evidence from the book or online, or disagree and provide evidence that supports your position. Feel free to comment on current or recent tweets.

 

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