This research paper is about one of the ongoing project by FASB (Financial Accounting Standard Board). The project called "Accounting for Financial Instruments". Here is the link:
http://www.fasb.org/cs/ContentServer?c=FASBContent_C&pagename=FASB%2FFASBContent_C%2FProjectUpdatePage&cid=1175801889654
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Requirements:
Familiarize yourself with the project, including information on the history and background of the project and its status.
Using resources at www.fasb.org (including free access to U.S. GAAP codification if you register at the Web site as explained), identify the relevant GAAP and current standards involved. Discuss the proposed change (i.e., what will be different?) and the reasons for the change.
At least two sources should be from scholarly or professional journals.
Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).
In audition, 'free' access for students at https://asc.fasb.org/ (part of the www.fasb.org web site) may log in at
http://aaahq.org/ascLogin.cfm
Username - AAA51628
Password – YwCgsLX
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