accounting

write about a standard, its history, its evolvement, and why it is the way it is from the trade-off between relevance and reliability and/or from the trade-off between the decision usefulness and contracting usefulness. For example, pension (post retirement benefits) accounting, accounting for acquisitions, fair value accounting for financial assets, hedge accounting, lease accounting, so on and so forth. You may also use a real company example in applying the accounting standard you choose to study.