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FASB Codification System Orientation
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FASB Codification System Orientation Paper
Resources: FASB Codification System website accessible through the FASB Online link located on the student website
Access the FASB Online website and familiarize yourself with the contents.
Write a 350-word paper in which you answer the following questions:
- What is the FASB Codification System?
- What is the purpose of the FASB Codification System?
- What are the nine content areas located in the FASB Codification System? What types of items are located under each content area?
Format your paper consistent with APA guidelines.
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- Submitted On 13 Feb, 2016 10:00:53
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ACC/497
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Monday, September 6, 2010
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The FASB Codification System was created in 2009 to be “the official source of authoritative nongovernmental U.S. generally accepted accounting principles” (FASB, 2009.). The system reorganized the U.S. GAAP pronouncemen...
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