Using the FASB Codification as a source, search on the time value of money

Using the FASB Codification as a source, search on the time value of money then identify one of the topics that discusses the use of time value of money. Assume your manager says that the time value of money concept is a waste of time for the topic you selected and to just book the entry. What would you do in this situation?  Be sure to note the code section (ASC xxx-xx-xx-x) that you use<span style=”color:#000000;”>whats the process for how the FASB Standards were set. Do you agree or disagree with the way the US sets financial accounting standards? </span>