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.