You will create a fictitious fact pattern (accounting problem/business issue) to

You will create a fictitious fact pattern (accounting problem/business issue) to which you can apply the accounting research process. If you are able to, use a fact pattern based on a real situation that you’ve encountered professionally (such as from a work experience or an internship). That is, think back to an accounting question that required some thought or discussion. Alternatively, consider the following sources to generate ideas for fact patterns: (1) The Codification: browse for ideas of topics or examples that you can use to “back into” a fact pattern; (2) Recent business news articles, such as from the Wall Street Journal; (3) A situation someone you know or small-business owner you know has encountered; or (4) Corporate annual reports, for ideas of transactions/events.
Note from me: I decided to use the codification: ASC 210-10-45-7 ( https://asc.fasb.org/1943274/2147483467) it about current liabilities.
Slide 1
The first slides should only show the fact pattern you created, including discussion of all relevant facts necessary to understand the issue. Next, describe any industry-specific guidance you might consult for background on the company’s business.
Slide 2
The second slide should include a researchable question for this fact patter (identify at least one). On the same slide, brainstorm the likely answer to the question.
Slide 3
The third slide should provide the applicable Codification reference (identify just one or two key paragraphs, alternatives considered (if any), and discussion of the process you used to research this issue using the Codification. Consider this step a journal of your research actions, including a descriiption of the method you used to find this guidance (search or browse path), dead ends you found, etc.
Slide 4
The fourth slide should include a brief statement of your conclusions.