- What is the Accounting Standards Codification?
- The new standard (FASB No. 168) essentially reduced the GAAP hierarchy to how many levels ?
- Why was it thought necessary to codify U.S. GAAP?
- What are the goals of the codification?
- What types of existing literature was included in the codification?
- What are some examples of literature that was excluded from the codification?
- How is the codification structured?
Return to Review Questions
Return to Topical Outline
.Return to Contemporary Accounting Issues