Evaluate the importance of the FASB Accounting Standards System for conducting research in accounting. You will also develop three hypothetical research scenarios in which you would use the FASB Accounting Standards Codification System in research. The research scenarios should meet the following parameters:

• One scenario should involve research for recommending a particular accounting treatment for a corporate client.
• One scenario should involve research for the development of a scholarly publication in a peer reviewed accounting journal.
• One scenario should involve research for evaluating the economic implications of a particular accounting standard.

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The Importance FASB Accounting Standards Codification System for Accounting Research The financial accounting guidelines provided by FASB in both the ... View the full answer