Summarizing FASB Concepts
csula26fasb_e_20-6.docx
E 20-6 FASB codification research
● LO2
Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for accounting for each of the following items:
1.
Reporting most changes in accounting principle.
2.
Disclosure requirements for a change in accounting principle.
3.
Illustration of the application of a retrospective change in the method of accounting for inventory.