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dc.rights.licenseIn Copyrighten_US
dc.creatorBryan, Lee E.
dc.date.accessioned2017-06-19T13:24:49Z
dc.date.available2017-06-19T13:24:49Z
dc.date.created2017
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11021/33899
dc.descriptionThesis; [FULL-TEXT FREELY AVAILABLE ONLINE]en_US
dc.descriptionLee E. Bryan is a member of the Class of 2017 of Washington and Lee University.en_US
dc.description.abstractFinancial statements are one of the primary tools used to assess a company’s performance and financial health. Maintaining clear financial statements is important not only for the company itself but also for other stakeholders, such as agencies and investors. To regulate classification, valuation, and disclosure practices for financial matters, entities are required to abide by authoritative U.S. generally accepted accounting principles (U.S. GAAP), as set forth in the Accounting Standards Codification (ASC or Codification). Before 2009, there was a hierarchy for selecting accounting principles to be used in preparing financial statements, including issuances beyond statements made by the Financial Accounting Standards Board (FASB). Applicable literature was difficult to access given the multitude of policy boards releasing statements. In 2009, the Financial Accounting Standards Board introduced the Accounting Standards Codification as the “single official source of authoritative, nongovernmental U.S. generally accepted accounting principles.” Producing the Codification was a major undertaking involving more than 200 individuals and taking over five years to complete. However, the introduction of the Codification was a successful milestone in accounting standards. With this structural overhaul, all authoritative U.S. GAAP can be easily accessed in one spot, reducing time and complexity in financial reporting. [From Introduction]en_US
dc.description.statementofresponsibilityLee Ellen Bryan
dc.format.extent45 pagesen_US
dc.language.isoen_USen_US
dc.rightsThis material is made available for use in research, teaching, and private study, pursuant to U.S. Copyright law. The user assumes full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used should be fully credited with the source.en_US
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en_US
dc.subject.otherWashington and Lee University -- Honors in Accountingen_US
dc.titleGoodwill and Other Intangible Assets: An Exploratory Study into the Effectiveness of the Accounting Standards Codification (thesis)en_US
dc.typeTexten_US
dc.rights.holderBryan, Lee E.
dc.subject.fastAccounting -- Standardsen_US
dc.subject.fastFinancial Accounting Standards Boarden_US
dc.subject.fastGoodwill (Commerce) — Accountingen_US
dc.subject.fastIntangible property -- Accountingen_US


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