ACC 576 AND ACC 577

Clarity Project"  DISCUSSION 1  Please respond to the following:

·         choose one (1) of the eight (8) steps in the Clarified Auditing Standards–Learning and Implementation Plan. Based on the step you have chosen, analyze support for the action plan proposed, and make at least two (2) recommendations that would improve support of the action plan.

·         From the e-Activity, analyze four (4) of the eight (8) steps and the actions proposed for each step. Based on your analysis, recommend at least two (2) action modifications that accountants should consider, in addition to what the AICPA has identified

"Revenue Recognition" DISCUSSION 2 Please respond to the following:

·          analyze at least two (2) major differences regarding revenue recognition between IFRS and GAAP. Based on your analysis, recommend one (1) strategy that would best resolve such differences. Support your recommendation with at least two (2) examples of the successful implementation of the recommended strategy.

·         Imagine that your boss wants you to increase earnings per share to meet Wall Street’s expectations. Propose a strategy to accomplish your boss’s request. Provide support for your proposal.