Week1 topic 2 review 150 words apa format

marisol

Logging on to the FASB Codification System website I saw that there are many types of investments. Some are debt and equity securities, equity method and joint ventures, and other. I think that is why there are different kinds of ways to report investments. Each report has its own rules of how the report should be presented. The FASB Codification System has proposals from time to time in order to make changes if they are necessary. That is why they are all necessary. We all know that ethics plays a huge part in the accounting business. If the person in charge of reporting the financial statements is lacking ethical standards the numbers could not be accurate and this can cause major problems for investors and businesses.  

FASB Code: 320-10-05