Liability and equity-type transactions

 

 

Part 1: Find a proposed standard from the current or prior year that is related to this course (liability and equity-type transactions only) in the FASB Codification system. Prepare a 2-3 page summary of the FASB proposal highlighting what changed, why, and the potential impact on the financial statements and disclosures.

***Part 2: Find a company’s financial statements, using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example of the application of the proposed standard you selected for the company you selected. Ex. if the standard you found included a different method to recognize revenue you would create a worksheet using that proposed change to revenue recognition and then show how that change would affected the financial statements of the company you selected from EDGAR (https://www.sec.gov/edgar.shtml).

Part 1- is completed. see Attachment. Proposed Standard is also attached.

Part 2 is a continuation to reflect part 1. Writer can choose company of choice. Provide 1 page summary to explain worksheet and provide the source from EDGAR site for the worksheet.

Provided examples templates.

 

 

 

Sample Solution

The Poem of Beowulf Beowulf’s verse is a story composed toward the start of Christianity 1000 years prior. That is the reason there are heaps of allurements and Satan in the story. Beowulf was composed by an unknown Christian priest. This story occurs in the present Denmark that occurs in a little realm called Hello “Gulch”. The tale of Beowulf tells a totally extraordinary principle character with some other legend in antiquated writing. Since not at all like Oxeus, in contrast to Achilles, they have to endure. Seamus Heaney’s artist Beowulf delineates Beowulf as an ideal legend. Beowulf was the child of Edgetho’s fantasy and later became lord of Geats. In this sonnet, Beowulf indicated courage in two phases of his life, youth and mature age. In the entire sonnet, Beowulf is defied with three troublesome clashes between Glendell, the mother of Glendell, and the mythical serpent. In the entire novel, Beowulf is a renowned and regarded warrior from Geatland. In Beowulf’s childhood, he was viewed as an incredible warrior drawn by his quality, boldness and mental fortitude. In the whole epic “Beowulf”, the fundamental character Beowulf endured three major battles. Each fight is a great trial of his quality. As verse and Beowulf ‘s progress experienced various things, his character experienced huge changes just as his purposes behind fight. His first battle was against Monster Glenn who was scaring the Kingdom of Herrosga for quite a while. At that point he battled with Glendell’s mom who was looking for vengeance for Beowulf to execute her child. His last battle was against the winged serpent he took a stab at vindicating the individuals of the town to take his fortune. Every one of these battles is because of totally various reasons, and each game bigly affects his life and character. Beowulf initially battled against the beast Glendell. Glendell is surrendered by society and is irate with Herrot’s singing and celebrating. Glendell executed numerous ruler warriors while dozing.

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