ACCT 304 Week 1 Discussion 2 | Devry University
- Devry University / ACCT 304
- 20 Aug 2021
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- Accounting & Economics Assignment Help / Finance
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.