ACC 305 Intermediate Accounting I

rior to beginning work on this discussion, review the following:

• Chapter 3 in the textbook

Write: Make sure your response addressing the following question is more than 200 words and includes an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.

In your post, discuss the way GAAP standards were structured prior to the codification. Additionally,

• Indicate how the codification simplified research for users and support your statements with two examples.
• Beyond what you have read in the textbook, discuss why you think codification improved GAAP standards?

Support your reasoning by sourcing and citing a unique credible source. The Ashford University Library is a good resource for your search. The Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this discussion, please contact your instructor.

Guided Response: Respond to at least two of your classmates by commenting on their posts. Though two replies are the basic expectation for class discussions, for deeper engagement and learning, you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.