Review the text, Kentouris (2008), other suggested readings, and FASB and IFRS publications

Review the text, Kentouris (2008), other suggested readings, and FASB and IFRS publications to find either a foreign currency-related issue, a derivative-related issue, or a hedging-related issue that required harmonization. You are to:1. Summarize the issue or problem.2. Explain the rule(s) established or discussed to address the issue or problem.3. Explain how the rule(s) in Step 2 are expected to alleviate or mitigate the issue summarized in Step 1.Requirements: Make sure to cite scholarly research, and reference FASB or IFRS publications to support your analysis. Your analysis should be 4-5 pages in length, not counting the required title and reference pages (citing at least 2-3 sources), and must be formatted according to the CSU-Global Guide to Writing and APA Requirements.NOTE: It is all right to write about a proposed solution and not an actual solution that was enacted by IFRS & U.S. GAAP.