Question: 19. What is the difference between the Codification and the Codification Research System? 20. What are the primary advantages of having a Codifica- tion of

 19. What is the difference between the Codification and the Codification

19. What is the difference between the Codification and the Codification Research System? 20. What are the primary advantages of having a Codifica- tion of generally accepted accounting principles? 21. What are the sources of pressure that change and influ- ence the development of GAAP? 22. Some individuals have indicated that the FASB must be cognizant of the economic consequences of its pro- nouncements. What is meant by "economic conse- quences"? What dangers exist if politics play too much of a role in the development of GAAP? 23. If you were given complete authority in the matter, how would you propose that GAAP should be developed and enforced

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