EXPOSURE DRAFT/RECENT STANDARD PRESENTATION ASSIGNMENT INSTRUCTIONSOVERVIEWUse one of the links found on the Exposure Draft/Recent Standard Presentation Assignment page under Exposure Draft/Recent Standard Presentation Resources to select a current exposure draft for your presentation. Then, search for journal articles in professional, peer-reviewed accounting and business journals that relate to the selected current exposure draft. Use the electronic databases provided by the Liberty University Library and other sources. INSTRUCTIONSYour PowerPoint presentation must contain the following information:1. Summarize the main points of the current exposure draft.2. Compare/contrast with current theory/standards.3. Compare and contrast U.S. GAAP and IFRS in respect to the exposure draft topic.4. Research the need for the new standard/amendment (include pros and cons).5. Evaluate the exposure draft’s provisions in light of the conceptual framework (include qualitative characteristics of useful information).6. Develop a logical, well-articulated response to the exposure draft (for or against). Propose changes/corrections that you feel are needed.The presentation must have an attractive layout. Each slide must present the information using clear, concise bullet points as well as utilize the notes section. Items to include are outlined as follows: Minimum of 7 slides, and a reference slide must be included in the presentation APA Format At least 5 citations; in addition, you will provide a biblical application for the subject matter of the case. Your sources should be recent, peer-reviewed articles, relevant to the content/topic. Acceptable sources include peer-reviewed journal articles, FASB Codification, the textbook, and the Bible.Note: Your assignment will be checked for originality via the Turnitin plagiarism tool. Failure to cite all sources used in your presentation or Plagiarism of any kind will result in a grade of 0. Plagiarism occurs when you either include the words of others without properly attributing the source or cut and paste from a source directly into a presentation without including quotation marks and source attribution.