What is the FASB Codification System? What is the purpose of the FASB Codification System?

Access the FASB Online website and familiarize yourself with the contents.

Write a 350- to 700-word paper in which you answer the following questions:

  • What is the FASB Codification System?
  • What is the purpose of the FASB Codification System?
  • What are the nine content areas located in the FASB Codification System? What types of items are located under each content area?
  • THE BOOK WE ARE USING IN CLASS -Schroeder, R.G., Clark, M. W., & Cathey, J. M. (2013). Financial accounting theory and analysis: text and cases, (11th Ed.). Hoboken, NJ: John Wiley & Sons.
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