I need an explanation for this Accounting question to help me study.
You are a new staff accountant at Worldwide Consulting, a global accounting firm that specializes in providing consulting services to companies both domestic and global. As part of your new responsibilities, you have been instructed to review SEC proposed rules to determine whether they should be commented on. Visit the Securities and Exchange Commission (SEC) website at www.sec.gov (Links to an external site.). Go to the Regulation menu, and the Proposed Rules submenu. Review and identify a recent proposed rule, as well as any comments that have already been submitted on this proposal. Respond to the following:
Note: Before you select the proposed rule for your discussion, make sure first that no one else is discussing the same one on the forum.
Be sure to post an initial, substantive response by Thursday at 11:59 p.m. MST and respond to 2 or more peers with substantive responses by Sunday at 11:59 p.m. MST. A substantive initial post should be 250-500 words and answers the question presented completely and/or asks a thoughtful question pertaining to the topic. Substantive peer responses ask a thoughtful question pertaining to the topic and/or answer a question (in detail) posted by another student or the instructor.
By Sunday of this week, respond to two or more of your classmates, or your instructor, in any of the following ways:
Refer to the discussion grading rubric for more information on expectations of class discussions.