ACCT project

ACCT 372 Fall 201 6 Project Access to the FASB codification system: http://www2.aaahq.org/ascLogin.cfm Student Access Login: AAA52067 Password: nU5M4Wu Prepare and submit your solution  Use Google Docs, Microsoft Word, or similar word processing software to prepare your solution.  Use the PwC quick reference guide (see blackboard) to help you research:  Use the FASB Learning Guide (see Blackboard) o This will be an invaluable resource when completing FAS B Codification Research Projects . o Format your answer for each question as indicated in the picture below.  NOTE : When quoting wording from a "Section" (paragraph), this is NOT original writing....copy/paste exact wording from the selected "Section" and paste into your answer.  Example format for answer to each question -- Use this format when preparing answer to each question.  Save your solution in Adobe Acrobat (.pdf) format. o NOTE: Google Docs includes a feature that allows you to save a document in .pdf format.  Hand in your .pdf document through the Submit Assignments feature on the Blackboard welcome screen. Topic: Current and Long Term Assets and Liabilities Learning Objectives: 1. Know the definitions of both current and long term assets and liabilities and how the operating cycle affects the classification of assets and liabi lities as current or long term. 2. Know how to present current and long term assets and liabilities on a balance sheet (statement of financial position) including required disclosures. Using the FASB Codification system, research the topic s and present the results of your work , making sure to cite your sources properly: