The main advantage of the Accounting Standards Codification ACS) is:

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The main advantage of the Accounting Standards Codification (ASC) is a shift from a standards-based model of organization to one based on topical area. This means that accounting standards are organized by topic, making it easier for users to understand and apply them. While the ASC is based on US GAAP, it does not necessarily imply a convergence with IFRS or a shift from national to international accounting.

The Main Advantage of the Accounting Standards Codification ACS) Is