SlideShare a Scribd company logo
1 of 1
Download to read offline
What were the three primary goals of the FASB in developing the Codification?
Solution
Answer: Following are the three primary goals of the FASB in developing the Codification;
1. Creation of a research system that is up to date for the released results of standard setting
activity.
2. Simlify the user access by codifying all authoritative US GAAP in one spot.
3. Ensure that the codified content accurately represented authoritative US GAAP as of July 1,
2009.

More Related Content

More from Footageetoffe16

scene from American Samoa Paradise Lost •How does power, both form.pdf
scene from American Samoa Paradise Lost •How does power, both form.pdfscene from American Samoa Paradise Lost •How does power, both form.pdf
scene from American Samoa Paradise Lost •How does power, both form.pdf
Footageetoffe16
 
Problems2. This is a map for a diploid plantR--------35-------.pdf
Problems2. This is a map for a diploid plantR--------35-------.pdfProblems2. This is a map for a diploid plantR--------35-------.pdf
Problems2. This is a map for a diploid plantR--------35-------.pdf
Footageetoffe16
 
httpswww.aitp.orgnews98451 Security Administration and Acces.pdf
httpswww.aitp.orgnews98451 Security Administration and Acces.pdfhttpswww.aitp.orgnews98451 Security Administration and Acces.pdf
httpswww.aitp.orgnews98451 Security Administration and Acces.pdf
Footageetoffe16
 
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdfHwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
Footageetoffe16
 
Hint 1 2D array of type Button, all buttons hidden except for one.pdf
Hint 1 2D array of type Button, all buttons hidden except for one.pdfHint 1 2D array of type Button, all buttons hidden except for one.pdf
Hint 1 2D array of type Button, all buttons hidden except for one.pdf
Footageetoffe16
 
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdf
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdfExplain in 3 - 5 paragraphs what different skills and workstyles do .pdf
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdf
Footageetoffe16
 
Design a Windows Desktop application and write the code that will exe.pdf
Design a Windows Desktop application and write the code that will exe.pdfDesign a Windows Desktop application and write the code that will exe.pdf
Design a Windows Desktop application and write the code that will exe.pdf
Footageetoffe16
 
complete a correlation matrix of the four Interpersonal Strategies a.pdf
complete a correlation matrix of the four Interpersonal Strategies a.pdfcomplete a correlation matrix of the four Interpersonal Strategies a.pdf
complete a correlation matrix of the four Interpersonal Strategies a.pdf
Footageetoffe16
 
Compare the differences and uniqueness between Isometric, Oblique, an.pdf
Compare the differences and uniqueness between Isometric, Oblique, an.pdfCompare the differences and uniqueness between Isometric, Oblique, an.pdf
Compare the differences and uniqueness between Isometric, Oblique, an.pdf
Footageetoffe16
 

More from Footageetoffe16 (20)

The government safety net creates an adverse selection problem and m.pdf
The government safety net creates an adverse selection problem and m.pdfThe government safety net creates an adverse selection problem and m.pdf
The government safety net creates an adverse selection problem and m.pdf
 
Syntrophy often involvesA. hydrogenB.OxygenC. fermentation by.pdf
Syntrophy often involvesA. hydrogenB.OxygenC. fermentation by.pdfSyntrophy often involvesA. hydrogenB.OxygenC. fermentation by.pdf
Syntrophy often involvesA. hydrogenB.OxygenC. fermentation by.pdf
 
scene from American Samoa Paradise Lost •How does power, both form.pdf
scene from American Samoa Paradise Lost •How does power, both form.pdfscene from American Samoa Paradise Lost •How does power, both form.pdf
scene from American Samoa Paradise Lost •How does power, both form.pdf
 
QUESTION 25 Chris Korda, an advocate of a certain religion, publishes.pdf
QUESTION 25 Chris Korda, an advocate of a certain religion, publishes.pdfQUESTION 25 Chris Korda, an advocate of a certain religion, publishes.pdf
QUESTION 25 Chris Korda, an advocate of a certain religion, publishes.pdf
 
Problems2. This is a map for a diploid plantR--------35-------.pdf
Problems2. This is a map for a diploid plantR--------35-------.pdfProblems2. This is a map for a diploid plantR--------35-------.pdf
Problems2. This is a map for a diploid plantR--------35-------.pdf
 
Prompt a user to enter a series of integers separated by spaces and .pdf
Prompt a user to enter a series of integers separated by spaces and .pdfPrompt a user to enter a series of integers separated by spaces and .pdf
Prompt a user to enter a series of integers separated by spaces and .pdf
 
PLEASE PLEASE use you own words, do not copy and paste !!!This is .pdf
PLEASE PLEASE use you own words, do not copy and paste !!!This is .pdfPLEASE PLEASE use you own words, do not copy and paste !!!This is .pdf
PLEASE PLEASE use you own words, do not copy and paste !!!This is .pdf
 
List the limitations of the GDP. Which one is most importantSol.pdf
List the limitations of the GDP. Which one is most importantSol.pdfList the limitations of the GDP. Which one is most importantSol.pdf
List the limitations of the GDP. Which one is most importantSol.pdf
 
Information is given about a polynomial f(x) whose coefficients are r.pdf
Information is given about a polynomial f(x) whose coefficients are r.pdfInformation is given about a polynomial f(x) whose coefficients are r.pdf
Information is given about a polynomial f(x) whose coefficients are r.pdf
 
I need to create two binary search trees in Ruby. One using recursio.pdf
I need to create two binary search trees in Ruby. One using recursio.pdfI need to create two binary search trees in Ruby. One using recursio.pdf
I need to create two binary search trees in Ruby. One using recursio.pdf
 
I am studying gut flora and had a few questions.Can you discribe a.pdf
I am studying gut flora and had a few questions.Can you discribe a.pdfI am studying gut flora and had a few questions.Can you discribe a.pdf
I am studying gut flora and had a few questions.Can you discribe a.pdf
 
httpswww.aitp.orgnews98451 Security Administration and Acces.pdf
httpswww.aitp.orgnews98451 Security Administration and Acces.pdfhttpswww.aitp.orgnews98451 Security Administration and Acces.pdf
httpswww.aitp.orgnews98451 Security Administration and Acces.pdf
 
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdfHwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
Hwk due June 7th June 7th Kimmel, Accounting, 6e Help I S ES Exercise.pdf
 
Hint 1 2D array of type Button, all buttons hidden except for one.pdf
Hint 1 2D array of type Button, all buttons hidden except for one.pdfHint 1 2D array of type Button, all buttons hidden except for one.pdf
Hint 1 2D array of type Button, all buttons hidden except for one.pdf
 
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdf
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdfExplain in 3 - 5 paragraphs what different skills and workstyles do .pdf
Explain in 3 - 5 paragraphs what different skills and workstyles do .pdf
 
Describe your supervisors ability and style of communication. Do y.pdf
Describe your supervisors ability and style of communication. Do y.pdfDescribe your supervisors ability and style of communication. Do y.pdf
Describe your supervisors ability and style of communication. Do y.pdf
 
Design a Windows Desktop application and write the code that will exe.pdf
Design a Windows Desktop application and write the code that will exe.pdfDesign a Windows Desktop application and write the code that will exe.pdf
Design a Windows Desktop application and write the code that will exe.pdf
 
complete a correlation matrix of the four Interpersonal Strategies a.pdf
complete a correlation matrix of the four Interpersonal Strategies a.pdfcomplete a correlation matrix of the four Interpersonal Strategies a.pdf
complete a correlation matrix of the four Interpersonal Strategies a.pdf
 
Compare the differences and uniqueness between Isometric, Oblique, an.pdf
Compare the differences and uniqueness between Isometric, Oblique, an.pdfCompare the differences and uniqueness between Isometric, Oblique, an.pdf
Compare the differences and uniqueness between Isometric, Oblique, an.pdf
 
A thin sheetlike network of extracellular-matrix components that unde.pdf
A thin sheetlike network of extracellular-matrix components that unde.pdfA thin sheetlike network of extracellular-matrix components that unde.pdf
A thin sheetlike network of extracellular-matrix components that unde.pdf
 

Recently uploaded

Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
AnaAcapella
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Recently uploaded (20)

Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 

What were the three primary goals of the FASB in developing the Codi.pdf

  • 1. What were the three primary goals of the FASB in developing the Codification? Solution Answer: Following are the three primary goals of the FASB in developing the Codification; 1. Creation of a research system that is up to date for the released results of standard setting activity. 2. Simlify the user access by codifying all authoritative US GAAP in one spot. 3. Ensure that the codified content accurately represented authoritative US GAAP as of July 1, 2009.