THE FASB CODIFICATION AND AICPA RESEARCH DISCUSSION
Refer to the obsolete standards, FAS 162 and or 168 (the hierarchy of accounting information). Find the topic/subtopic in the Codification for these obsolete FAS (Use the Cross Reference Tab at the top) and discuss why this hierarchy is important, and how can it be applied to conducting research?
Please make sure you complete your research on FAS162 by relating this to the updated topic/subtopic in the Codification. How is the hierarchy incorporated into the Codification?
In the AICPA’s website (Links to an external site.) (www.aicpa.org), find a recent news article from a professional cite. Describe the article’s impact on accounting research to the class.
Remember to use proper APA references and citations in all of your work.
