FASB Accounting Standards Codification Professional

Requirement: You will need to identify a problem or a topic (from the book or a real world example) that is of interest to you. Next, you need to provide a solution with supporting standards using the FASB codification website. For instance, you may want to examine the classification of deferred taxes in depth and find relevant standards and corresponding codes.

Expectations: The problem you identify should aid in furthering your understanding about a particular topic. Your solution to the problem proposed should include 1) a brief statement of the topic or problem, 2) the relevant standards, and references (corresponding code #) to the FASB codification, and 3) a brief summary about the related standards.