GCU ACC616 Week 2 Discussion (dq1+dq2) Latest

GCU ACC616 Week 2 Discussion 

DQ 1

Refer to the assigned reading, “A Plain English Handbook: How to Create Clear SEC Disclosure Documents.” What do you believe is the most important element in achieving transparent and readable documents? Be specific in your references to the reading.

DQ 2

Go to the FASB Codification and look under Revenue. Look through the options, choose a subtopic, and give some notes on what is required for recognition of revenue or for disclosure. Try to choose information that has not yet been posted by another student. In your responses, identify the similarities and differences between the information provided in your post and the post of your classmate. Discuss any difficulties you had using the FASB Codification.