Task 1: Course Research Paper should be prepared in appropriate style and good form and be approximately 12-15 pages in length and include five to seven references. The course research paper should address a major contemporary issue for Generally Accepted Accounting Principles satisfying audit requirements arising in public practice as a licensed certified public accountant and accounting and reporting for business or regulated entities. The topic is Revenue Recognition, please do some research about it.
Task 2: You should role play that you are CPAs and you are advising clients about how to implement the new ASC 606. Specifically you should convert the cash flow table in GAAP Revenues under the new rule. Please do a powerpoint and related word document.