This is a three parts discussion. First, how do you distinguish a private company from a public company for financial accounting purposes? Second, why would FASB be interested in private companies financial accounting standards? Third, do you think accounting education curricula should be changed to include private firms accounting standards?
+ Note: The Discussion should be a minimum of one short paragraph and a maximum of two paragraphs.
+ In separate file: Write 2 general comments from 3 to 4 sentences for each comment about these articles.
+ You can use attachment as a refrence