Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the fasb had three primary goals in developing the

The FASB had three primary goals in developing the Codification: 1. Simplify user access by...

60.1K

Verified Solution

Question

Accounting

The FASB had three primary goals in developing the Codification:

1. Simplify user access by codifying all authoritative US GAAP in one spot.

2. Ensure that the codified content accurately represented authoritative US GAAP as of July 1, 2009.

3. Create a codification research system that is up to date for the released results of standard-setting activity.

My question is do you think all of the goals have been realized?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which of the following set of quantum numbers n l m s represents the unpaired...

Physics
Q

A crate of mass 100.0 kg rests on a rough surface inclined at an angle of...

Physics
Q

Slacker Slacks Inc. (SSI) is a high-end clothing manufacturer. SSI makes Slacks® and Sleeks®. As part...

Accounting
Q

A foil is a character whose traits contrast with and therefore accentuate the main character...

Biology
Q

3 translation x y x 6 y 2 y V U T

Geometry
Q

Marvin lives in Stormwind City and works as an engineer in the city of Ironforge....

Basic Math
Q

K According to a poll on consumer behavior 36 of people say they will only...

Statistics
Q

Exercise 6-11 Segmented Income Statement [LO6-4] Wingate Company, a wholesale distributor of electronic equipment, has...

Accounting
Q

At the end of 2023, Blue Spruce Corp. has accounts receivable of $2.75 million and...

Accounting
Q

How is it that respected members of the community who have been very successful in...

Accounting
Q

E9-2 (L01) (LCNRV) Riegel Company uses the LCNRV method, on an individual item basis, in...

Accounting
Q

How to put these statements on a journal entry analyze and Journalize all transactions on...

Accounting