ACC 616 TOPIC 2 MEMO TO THE FILE GCU

ACC 616 TOPIC 2 MEMO TO THE FILE GCU Details: Go to www.fasb.org, click on the Standards tab, then Standards Issued in 2016, and choose one of the standards listed.In memo format, summarize the new standard and the potential impact of that standard’s implementation on internal users and external users (see pages 7 and 59-60 in the textbook). Be sure to address possible unintended consequences.Your response should be 250-500 words. You will cite at least one source on the standard, from an acceptable