Research on advanced topics in accounting practices and financial reporting.
Sebastian Lopez
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Running Head: CASE STUDY ASSIGNMENTCase Study AssignmentTeam B: Crystal Alloy, Shannon Crawford, Shawn McQuary, Daphane Morgan, & AngelaPurselACC/497: Advance Topic in Accounting ResearchUniversity of PhoenixProfessor JenkinsonMonday, September 13, 2010Case 1-3: Politicalization of Accounting Standards:(Financial Accounting Theory andAnalysis, p. 27).Prepare a 305-word response for each of the following cases answering thequestions located at the end of each case:Some accountants have said that politicalization inthe development and acceptance of generally accepted accounting principles (i.e., standardsetting) is taking place. Some use the term politicalization in a narrow sense to mean theinfluence by governmental agencies, particularly the Securities and Exchange Commission, onthe development of generally accepted accounting principles. Others use it more broadly to meanthe compromising that takes place in bodies responsible for developing these principles becauseof the influence and pressure of interested groups (SEC, American Accounting Association,businesses through their various organizations, Institute of Management Accountants, financialanalysts, bankers, lawyers, etc.).Required:
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