The Financial Accounting Standard's Board has created the Codification in order to put together topically, in a single location the authoritative guidance for US GAAP.
REQUIRED:
1. Explain how the Codification improves financial accounting research since the time it was inaugurated in September 2009.
2. Explain what additional documents that professional accountants should use in addition to the Codification. List at least one circumstance when these additional documents should be used.