Give your opinion on the following:
I agree that codification makes it easier and quicker when it comes to researching topics. Codification has organized thousands of GAAP pronouncements into four primary groupings that include presentation, financial statements accounts, broad transactions, and industry guidance. Codification includes topics, subtopics, sections, and subsections. The modular format and user-friendly version makes it easier and more efficient when it comes to narrowing down the needed information in one location to researching. It is kind of like a one stop shop for accounting standards. However, I still see some additional documentations can be left out from further readings. "Nonessential information(historical content, document summaries for conclusions, etc.) was excluded. The format of the codification also does not include footnotes unless they are deemed necessary"(Widelski & Schweitzer, 2010).