ACCT 540 Week 3 Assignment
Answer the following questions
- Why was codification needed?
- What is the goal of codification?
- What authoritative literature does the codification supersede?
- How is the codification structured? Include as discussion of the topic, subtopics, sections and subsections in your answer.
- Describe the numerical indexing system.
- What is a “landing page?”
- What is the difference between the “general topics landing page,” the “industry topics landing page” and the “subtopics landing page?”
- What is “pending content?”
- How is SEC content differentiated from FASB content?
- Log into the codification database and perform a search on the following terms and answer the related questions:
1. Warranty expense
2. Property, Plant, and equipment(PPE)
3. Extinguishments of liabilities