to describe U.S. GAAP and International GAAP

Each student should conduct research activities:
(1) to describe U.S. GAAP and International GAAP (i.e., IFRS)
(2) to evaluate those GAAP’s in the selected topic.

The research activities should include the following items in the chosen topic:
(1) nature of accounting issues
(2) historical background of the accounting rules in U.S. and International;
(3) recognition and measurement rules;
(4) presentation and disclosure rules; and
(5) future development along with the harmonization efforts of FASB and IASB.
The group project should be based on the group’s own research and genuine ideas; otherwise, the project should be considered to be unacceptable.

1. Our group assigned to do the topic of Lease.
2. My part is No (2) above which is “historical background of the accounting rules in U.S. and International” .
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Case Study Analysis Write an eight- to ten-page case analysis of the following article (which can be found in the Ashford Online ProQuest database): Souza, M. & McCarty, B. (2007)…..