FASB Codification Guide-2

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Unformatted text preview: topic. This citation incorrectly left out the Subtopic reference. Exercises E1: N/A. E2: a. – d.N/A. e. The ―Go To‖ feature fails to navigate to 740-718 because Topic 718 is the dominant Topic. Therefore, the correct citation is 718-740. f. No, the Topic-Subtopic sequence does not matter if you use the System’s pop-up menus to navigate to a shared Subtopic. That is, the user could go to 740 in the Expenses menu and select 718 within the 740 menu. Problem P1: a. A title-based citation style for Area Codification content would be necessary because Areas cannot be cited by numbers. An example of this type of citation for an Area looks like this: The Revenue Area of the FASB ASC. b. A mixed citation style would be helpful because a mixed citation style combines the number-based style that allows a reader to navigate quickly to the Topic and the title-based style that describes the subject matter of the Topic. An example of this type of citation for a Topic looks like this: Topic 605, Revenue Recognition, of the FASB ASC. c. A title-based citation style would be helpful because it describes the subject matter of the Subtopic. An example of this type of citation for a Subtopic looks like this: The Multiple-Element Arrangements Subtopic of the Revenue Recognition Topic of the FASB ASC. Appendix A: Answer Key 180 d. Either a number-based citation style or a breadcrumb citation style could be used because both styles allow readers to quickly navigate to the cited Section. An example of a breadcrumb citation for a Section looks like this: The Revenue Recognition > Multiple-Element Arrangements > Disclosure Section of the FASB ASC. e. A title-based citation style for Subsection Codification content is necessary because Subsections cannot be cited by numbers. An example of this type of citation for a Subsection looks like this: The General Subsection of the Disclosure Section of the Multiple-Element Arrangements Subtopic of the Revenue Recognition Topic of the FASB ASC. f. A number-based citation style or a title-based citation style for paragraph group...
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