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April 2, 2024

MVCC Applied Research Exercises in the FASB Codification Project

You will be asked to use the ASC to probe various accounting issues. There are three types of ASC research questions in the assignment:

Part I: Providing ASC references – Identifying the ASC reference at the paragraph level that you would look to for guidance on various issues

Part II: Short answer research questions – Using the FASB Codification to provide conclusions on a variety of short accounting research questions.

Part III: Short research cases – Evaluating the proper accounting treatment for several research cases by outlining a research question and using the FASB Codification

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