Explore BrainMass
Share

Examine the sources of pressure that change and influence

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Examine the sources of pressure that change and influence the development of GAAP.

Determine the sources of pressure that have the greatest impact. Justify your rationale.

Determine the organization that has the greatest impact in developing GAAP. Justify your rationale.

© BrainMass Inc. brainmass.com October 25, 2018, 5:13 am ad1c9bdddf
https://brainmass.com/business/GAAP/examine-the-sources-of-pressure-that-change-and-influence-411276

Solution Preview

Examine the sources of pressure that change and influence the development of GAAP.

The sources of pressure for developing US GAAP are changes in the business climate and the needs of the stakeholders (owners, investors, professionals, business managers, regulators, public at large). Examples of changes in business climate are the notorious frauds that change our perception of safety and risk and make us want new principles that increase our understanding and transparency so that fraud are more difficult to perpetrate and easier to find and prosecute. Another change in business climate is from the change in the business instruments that are used. Take, for instance, mandatory redeemable preferred stock. Isn't that just debt? We didn't need GAAP about this instrument before it was created. The needs of the stakeholders include their ...

Solution Summary

Your tutorial is 466 words and indicates the organization that has the biggest ability to "get its way" in standard setting, the organization that has probably had the largest impact on current US GAAP and gives the main sources of pressure on US GAAP.

$2.19
See Also This Related BrainMass Solution

The need for the proposed change in the organization is reiterated.

O Examine the need in the organization for your proposed change.
o Examine organizational and individual barriers to your proposed change.
o Identify factors that might influence your proposed change.
o Summarize factors influencing organizational readiness for your proposed change.
o Identify the theoretical model that relates to your proposed change.
o Identify internal and external resources available to support your change initiative.

View Full Posting Details