Acct540 acct 540 week 1 homework

ACCT 540 Week 1 Homework
Access the FASB website (www.fasb.org). Hover your mouse to the “Standards” tab and on its drop-down menu, click on the “Pre-Codification Standards.” Thoroughly read the last four standards issued. Describe each standard and what it added to the existing authoritative accounting literature. Please write one page (12-point, double spaced) on each standard.
 
Statement No. 168 (Superseded) 
The FASB Accounting Standards Codification® and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162 
(Issue Date 06/09) 
[As Amended] [As Issued] [Summary] [Status] 
 
 
Statement No. 167 (Superseded)
Amendments to FASB Interpretation No. 46(R) 
(Issue Date 06/09) 
[As Amended] [As Issued] [Summary] [Status] 
 
 
Statement No. 166 (Superseded) 
Accounting for Transfers of Financial Assets—an amendment of FASB Statement No. 140 
(Issue Date 06/09) 
[As Amended] [As Issued] [Summary] [Status] 
 
 
Statement No. 165 (Superseded) 
Subsequent Events 
(Issue Date 05/09) 
[As Amended] [As Issued] [Summary] [Status]