Assignment
Critique an accounting theory or standard that has been studied in the intermediate or advanced accounting course.
Guidelines:
1. An introduction that identifies the purpose and outline of your paper.
2. A discussion of the theory area you selected. Discuss the theory according to the codification and be sure to identify the Codification.
3. Discuss why you have a negative evaluation of the theory area. In addition, state what you believe the theory effectively accomplishes.
4. Discuss what you would write to the FASB if you had the opportunity to suggest a modification, etc., of the theory.
Quality research and evidence of critical, independent thought are required. This is a masters level research work therefore answering the question should reflect graduate studies jurisdiction. Please select an accounting standard or theory that is not difficult but rather easily understandable one because I will be presenting on the topic.