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Sagot :
Answer:
Statement of financial position, statement of activities, and statement of cash flows
Explanation:
FASB Codification speaks about and explains what GAAP is and it removes nonessential information.
The reason for the Financial Accounting Standards Board (FASB) first of all, Accounting Standards Codification simply to place or put all accounting guidance in one place or location.
The aims or goals of the Codification
1. Making easy and understanding, the structure and accessibility of authoritative GAAP;
2. To give all authoritative literature in a single location;
3. Limit the time and effort required to research an accounting issue;
4. Limit the risk of noncompliance with GAAP;
5. Facilitate updating of accounting standards and others.
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