Use the FASB Codification Tutorial (pdf) in D2L to help answer the questions below.
ACCOUNTING STANDARDS CODIFICATION REVIEW
Part A. Content and Organization-Topic
Below, identify where each topic is found in the FASB Codification Da
A. Three organizations are instrumental in the development of financial accounting standards in the
United States. The SEC, AICPA, and FASB. The SEC help and develop financial information
presented to stockholders. The SEC has the powe
AICPA- American Institute of Certified Public Accountants. It sets ethical standards for the
profession and the U.S. auditing standards.
CAP- Committee on Accounting Procedure. Was the first private sector organization that had to
set accounting standards