1. Compare and contrast the conceptual framework for business, governmental and not for profits

3. Discuss and explain the importance of preparing financial statements using specific requirements for SEC reporting. Explain the importance of this as it relates to intended users.

4. Discuss the appropriate accounting treatment for any transaction that you have covered in your reading.

5. Discuss any ethical concerns and the impact on financial reporting related to the reporting of any transaction that you have covered in your reading.

6. Discuss non-controlling interest and goodwill. Explain the financial reporting for the line items on the worksheet: non-controlling interest, investment in subsidiary, consolidated net income and goodwill

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1. Compare and contrast the business, governmental, and non-profit conceptual frameworks.

3. Discuss and explain the significance of preparing financial statements in accordance with SEC reporting requirements. Explain the significance of this to the intended audience.

4. Talk about the proper accounting treatment for any transaction you learned about in your reading.

5. Discuss any ethical concerns you have about the reporting of any transaction you’ve read about, as well as the implications for financial reporting.

6. Talk about uncontrollable interest and goodwill. Explain the financial reporting for the worksheet’s line items: non-controlling interest, subsidiary investment, consolidated net income, and goodwill.