FASC Research Project Fall (2014) QUESTIONS (http://aaahq.org/ascLogin.cfm )

In order to complete this assignment you will need to access the FASB Financial Accounting Standards Codification database. The related information for this is posted on Blackboard for this course. The UH copy of the FASB Financial Accounting Standards Codification (“FASC”) can be accessed at: http://aaahq.org/ascLogin.cfm. The FASC is the ONE AND ONLY source of the technical GAAP standards. Other sources are no longer accepted as GAAP

The student log in information is Username - AAA51654 and Password - 84xMeNP: Username and the Password are also available on Blackboard. After you sign in – click on “FASB Accounting Standards Codification” on the screen and the database will open. There is a “search” box in the top right of the screen. If you scroll over the topics (Assets, Liabilities, etc.) on the left side of the welcome page you will see the subtopics and contents – click on the subtopic and it will take you to the related Codification content.

This assignment will be introduced and discussed in class in order to assist you with planning how to complete the assignment. The class assignment/project that you are responsible for is comprised of researching several of the more current technical topics in accounting and responding to several specific related technical standard questions about the topics. For some of the topics (see below) you will also be asked and responsible for interpreting how the technical standard is applied or what the objective(s) of the related GAAP rules are attempting to address or other questions as set forth under each topic.

The assignment will be submitted on line through the UH Blackboard system AND ALL submissions will be checked for plagiarism (copying other students work) using specific software developed to perform this task. If