Share
Explore BrainMass

Using Accounting Databases to Obtain Relevant Data The use

Using Accounting Databases to Obtain Relevant Data

The use of accounting databases enables researchers to obtain data to help answer their questions more efficiently. Using the FASB Codification database and other sources such as the SEC Web site as guides, answer the following questions:

(1) How might an accountant ensure that all relevant accounting standards and other authoritative literature relevant to an accounting research question have been identified?

(2) What techniques or methods would ensure such identification?

(3) What sources would you use to locate GAAP?

Solution Preview

(1) How might an accountant ensure that all relevant accounting standards and other authoritative literature relevant to an accounting research question have been identified?

Accountants go through an extensive preparation process before they are licensed to practice as CPAs. Through their education, they learn which regulations must be followed. The regulations in this country are found mainly in three places: 1) the FASB, 2) the AICPA, and 3) the SEC. Accountants of ...

Solution Summary

Using Accounting Databases to Obtain Relevant Data

The use of accounting databases enables researchers to obtain data to help answer their questions more efficiently. Using the FASB Codification database and other sources such as the SEC Web site as guides, answer the following questions:

(1) How might an accountant ensure that all relevant accounting standards and other authoritative literature relevant to an accounting research question have been identified?

(2) What techniques or methods would ensure such identification?

(3) What sources would you use to locate GAAP?

$2.19