Evaluating the Impact of Current ASUs

Sample Solution

   

• Accounting textbooks: Accounting textbooks are a good resource for understanding the basics of US GAAP. They typically provide an overview of the different accounting standards, as well as examples of how they are applied.
• Journal articles: Journal articles are a good source for more in-depth information on specific accounting topics. They typically discuss recent developments in accounting, as well as research on the effectiveness of different accounting standards.

Full Answer Section

     

• Government websites: The Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) are two government websites that provide information on US GAAP. The SEC's website includes a searchable database of financial statements, as well as guidance on how to comply with US GAAP. The FASB's website includes the full text of all US GAAP standards, as well as technical releases and other interpretive materials.
• Industry publications: Industry publications, such as those published by the American Institute of Certified Public Accountants (AICPA), can provide insights into how US GAAP is applied in specific industries. These publications often include articles on current accounting issues and trends, as well as case studies that illustrate how US GAAP has been applied in practice.
• Professional associations: Professional associations, such as the AICPA, can provide guidance on US GAAP through their publications, conferences, and other resources. These organizations can also be a valuable source of networking opportunities for researchers who are interested in learning more about US GAAP.

Secondary sources can be used to help a researcher in a variety of ways. They can be used to:

• Learn about the basics of US GAAP: Accounting textbooks and government websites are a good resource for understanding the basics of US GAAP.
• Stay up-to-date on recent developments: Journal articles and industry publications can help researchers stay up-to-date on recent developments in accounting, as well as research on the effectiveness of different accounting standards.
• Find guidance on specific accounting topics: Government websites and professional associations can provide guidance on specific accounting topics.
• Learn about how US GAAP is applied in practice: Industry publications and case studies can help researchers learn about how US GAAP is applied in practice.
• Network with other professionals: Professional associations can be a valuable source of networking opportunities for researchers who are interested in learning more about US GAAP.

Overall, secondary sources can be a valuable resource for researchers who are interested in learning more about US GAAP. They can provide a variety of information, including the basics of US GAAP, recent developments, and guidance on specific accounting topics.