ACC 541 Week 1 DQ and summary

This work ACC 541 Week 1 – DQ and summary comprises:
DQ1: What is the importance of the mission of the FASB?
DQ 2: Under current GAAP goodwill is recorded when purchased. Debate: Present arguments in favor or against the capitalization of purchased goodwill. You may consider tying your arguments to theories of capital maintenance and/or the Conceptual Framework.
Summary: Please post your Weekly Summary here. It needs to be a summary of what you learned liked or disliked etc. Needs to be in your own words in order to earn points.

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