Discuss scope exceptions if there are any.

2.Write a CPA Journal style article on your selected ASU adopted The 1500-2000 word article must contain: (i)a relevant photograph, title, and author (for photo: download something off the web – you do not need to make one yourself) (ii)an explanation of how the new rule fits into overall standards and guidance: Does it replace an old standard? If so, why? Does it add to an existing standard? Is it completely new? (iii)a discussion of when the standard was implemented and for which types of firms. Discuss scope exceptions if there are any. (iv)a clear description of the accounting standard (you may focus on a small portion of a standard). This must be ENTIRELY original writing and should explain in simpler terms the language used in the ASU. If you use any direct language from the ASU, it must be in quotations. Provide at least one exhibit to enhance your explanations and exposition. (v)an example with sample journal entries. You may find it helpful to use Rashty, Josef. An Analysis of the New Sale and Leaseback Guidance. CPA Journal (Sept 2018), 52-56. -or- Rashty, Josef. Implications of Pushdown Accounting. CPA Journal (Mar 2018), 53-55. as a guide for the style and content of your analysis.