codification Archives

Identify the section in the FASB Codification that addresses property, plant, and equipment and the subsection that provides disclosure requirements.

Posted on February 15, 2023 by Assessments

This problem requires you to research the disclosure requirements for fixed assets using the FASB Codification at www.fasb.org. Access to the FASB Codification requires that your educational institution be enrolled in the FASB academic access program or provides access to the codification through a third-party provider. a. Identify the section in the FASB Codification that […]

Discuss the following:Why would the accountant want to defer revenue and accrue expenses? Explain your response. Does this follow GAAP?

Posted on September 30, 2020September 30, 2020 by Ambrose

Description Variance analysis allows managers to evaluate a firm’s progress towards meeting organizational goals by comparing the planned outcomes (budgets) to the actual outcome. Using flexible budgets, cost accountants can perform this activity throughout the reporting period to uncover variances early in the reporting cycle. Having information early in the reporting cycle allows managers to […]

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Tag: codification

Identify the section in the FASB Codification that addresses property, plant, and equipment and the subsection that provides disclosure requirements.

Discuss the following:Why would the accountant want to defer revenue and accrue expenses? Explain your response. Does this follow GAAP?