Question: What is the FASB Accounting Standards Codification? Why did the FASB undertake this project? How did it change GAAP? Prior to the Codification, what types

What is the FASB Accounting Standards Codification? Why did the FASB undertake this project? How did it change GAAP? Prior to the Codification, what types of pronouncements comprised GAAP?

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The Codification is an electronic database that integrates and topically organizes the US GAAP into one coherent body of literature There are six leve... View full answer

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