Welcome to the world of electronic financial accounting research. In today's environment, professional accountants that conduct financial accounting research will be utilizing some type of electronic research database. This text's objective is to provide you with the tools to conduct such research. It is intended for financial accounting classes, both undergraduate and graduate. It may be easily used as a supplementary text in intermediate or advanced accounting classes. This book is designed to serve both as a reference tool for the practitioner/student who desires to become proficient in conducting electronic financial accounting research and as a tool in honing one's research skills. Screen shots of various databases are incorporated in the text. Chapters 1–3 will provide you with the mechanics of maneuvering through the primary financial accounting databases.
Chapter 1 explains how to research U.S. generally accepted accounting principles (GAAP), which is now located in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC or the Codification). Given that the U.S. economy is a significant part of the global economy, even foreign students should learn how to research U.S. GAAP.
In the process of creating the ASC, U.S. GAAP is now shorter, more principled, and easier to research than the superseded U.S. GAAP. Since finding appropriate authority is easier than before the ASC, it more likely that more individuals will scrutinize financial ...