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ACC/497 Week 1 FASB Codification System Operation Paper

An analysis of FASB codification and its role in accounting standards.

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FASB Codification System Operation1Running Head: FASBCODIFICATIONSYSTEMOPERATION PAPERWeek 1 Individual AssignmentFASB Codification System Operation PaperDaphane MorganACC/497University of PhoenixProfessorJenkinsonMonday, September 6, 2010Explain the purpose and structure of the Financial Accounting Standards Board (FASB)Accounting Standards Codification (ASC) System. Describe the nine content areas included inthe FASB ASC and provide examples of key topics found under each content area. Discuss howthis system aids in streamlining access to Generally Accepted Accounting Principles (GAAP) fornon-governmental entities in the United States.Word count requirement: 1000-1200 words.

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Document Details

University
University of Phoenix
Course
ACC 497
Subject
Accounting

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