The FASB Accounting Standards Codification is expected to provide all of the following benefits except
A)reduce the research time necessary to solve an accounting research issue
B)codify authoritative support such as results of academic research
C)provide real-time updates as new standards are issued
D)improve the usability of the authoritative accounting literature

Question

Quizplus · Accepted Answer

The FASB Accounting Standards Codification does not include results of academic research as authoritative support. Rather, it codifies only existing authoritative accounting literature from sources such as FASB Statements and EITF Abstracts.

The FASB Accounting Standards Codification Is Expected to Provide All