Answer
Codification of GAAP helps users to have a depper and better understanding of GAAP. The time research accounting issues and the risk of noncompliance with GAAP will be reduced Codification of GAAP makes it easier for users to access GAAP more easier as well makes the updating process more easier and helps users to stay updated with current GAAP.
Work Step by Step
Additionally, codification of GAAP streamlines and simplifies how to determine what GAAp is, which results to better financial accounting and reporting practices.
