AC551 Unit 4 Assigment
Chapter 4 Financial Accounting Research Tools: Questions 8, 11, and 12; Exercises 3, 16, and 19.
Question 8. Does the Codification contain all GAAP authorities? Explain
Question11. What are the SEC accounting authorities? Where are they located?
Questions 12. Does the Codification contain SEC authorities? If so, what authority does the Codification have over SEC content?
Exercise 3. Use the topical categories in the left navigation panel of the Codification to identify the first three subtopics within the general topic of Presentation.
Exercise 16. Use the Codification to identify accounting authority (Location within the Codification) governing each of the followings:
Exercise 19. Use the codification to find which expenditures qualify as a research and development cost (be sure to cite where you found the answer within the Codification).