FASB Codification and Careers in Accounting Please respond to the following:
- Throughout this course you have utilized the FASB codification to research the authoritative guidelines for accounting transactions. Briefly explain the primary advantages of having a codification of generally accepted accounting principles. Also, recommend two (2) areas where the FASB can improve codification.
- From the e-Activity, briefly summarize the outlook of future jobs in the accounting field. Give your opinion on the type of skills that will be needed to accounting fulfill the jobs in the future. Also, discuss the manner in which you will prepare yourself for a job in the accounting field.