Accounting Standards Codification (ASC) A. ASC Organization 1. How is the ASC content organized? You must briefly explain the different levels. 2. To research accounting principles efficiently you should know each of the areas in the ASC. You need to know the areas so that you can more easily find the Topic and Subtopic of your research question. Explain the Areas of the ASC. 3. Explain the importance of the Sections level. 4. The more familiar you are with the Codification's specific Sections, the faster you will be at finding answers to your research questions. Fortunately, it is easy to familiarize yourself with the Codification's Sections because they are standardized across all of the Codification's Subtopics. What are the standardized sections? In your answer include the number and title of the standardized sections. Accounting Standards Codification (ASC) A. ASC Organization 1. How is the ASC content organized? You must briefly explain the different levels. 2. To research accounting principles efficiently you should know each of the areas in the ASC. You need to know the areas so that you can more easily find the Topic and Subtopic of your research question. Explain the Areas of the ASC. 3. Explain the importance of the Sections level. 4. The more familiar you are with the Codification's specific Sections, the faster you will be at finding answers to your research questions. Fortunately, it is easy to familiarize yourself with the Codification's Sections because they are standardized across all of the Codification's Subtopics. What are the standardized sections? In your answer include the number and title of the standardized sections