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ACC 497 - Week 1 - Complete

ACC 497 - Week 1 - Complete
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  • ACC 497 - Week 1 - DQ 1.doc
    ACC 497 - Week 1 - DQ 2.doc
    ACC 497 - Week 1 - DQ 3.doc
    ACC 497 - Week 1 - FASB Codification System Orientation Paper.doc
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ACC 497 - Week 1 - Complete

DQ1.What is the FASB Codification System? What is the purpose of the FASB Codification System? How can it be used to make better accounting decisions?

 

DQ2.What are Generally Accepted Accounting Principles (GAAP)? How do GAAP affect financial reporting? How might GAAP need to change to accommodate today’s dynamic business environment?

 

DQ3.What tools can be used for financial statement analysis? What do these tools tell you about financial performance? What kinds of business decisions can be made using these tools?

 

Individual Assignment - FASB Codification System Orientation Paper 

Resources: FASB Codification System website accessible through the FASB Online link located on your 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.