AP&ASC

1. Locate the exposure draft on Discontinued Operations (Project 2013-230), print off the cover page, and include it with your project
2. Locate your assigned comment letter and print it off. Assignments are indicated in the table below.  Include a copy of this letter with your project.  I expect the letter to be marked up with your comments and questions. I have a copy, so you don’t need to hand in a pristine copy.
3. Locate under “Due Process Documents” for this project the FASB in Focus, April 2, 2013 document and read it.  The article provides a good summary of the proposed changes.
4. Under the “Due Process Documents,” read “Decisions Made at Last Meeting.”

Analysis of Letter (Your paper should be at least two pages.)
1. Name of company (if given)
2. Industry (If given)
3. List of issues addressed
4. Select two issues addressed in the letter and summarize, using your own words, the respondent’s concerns with proposed accounting.
5. Identify and explain something you learned from reading the letter that you found interesting.  This is bound to be subjective, so do not feel that this has to be the most important point made by the respondent.
6. Given the concerns you identified in the letter (item 4) and “Decisions Made at Last Meeting,” discuss whether or not the commentator will be satisfied with the Board’s decisions.