All you have to do is to read the article and answer the following questions. “wright at least 9 sentences”
1- discuss why the static and dynamic views of accounting theory developed. 2- discuss why it was necessary for government and professional bodies to intervene in setting accounting standards instead of letting accounting theory based principles stand on their own.
3-How are these issues playing out today?
[You can visit SEC, FASB, AICPA, and other accounting media websites (use keyword ‘top accounting issues’) to sense broad contemporary accounting standards issues.]
