Read the article "FAS 168 Changing How CPAs View, Research, Evaluate GAAP" by Michael J. McPartlan (2009). The author states that the FASB Codification should save accountants time and energy researching accounting topics:
1. Do you agree with that statement? Why, or why not?
2. From your exposure to date on the FASB Codification, do you find it easy to navigate and apply? Why, or why not?
3. Do you think it would be useful in your day-to-day professional career? Why, or why not?

Answer rating: 100% (QA)

I concur that the FASB Codification helps accountants spend less time and effort investigating accou... View the full answer