FASB Accounting Standards Codification® Basic View User GuideThe Financial Accounting Standards Board (FASB) is a domestic, not-for-profit organization based in Connecticut. For more than 40 years, the FASB has helped set reporting standards within the accounting trade. Visit the FASB website and read About the FASB to learn more about its history.One of the FASB’s major contributions to the accounting profession is the FASB Codification. Codification content is organized by subject matter in a hierarchy. Think of it as an outline structure that you can drill into to get information regarding your specific topic of interest. The codification’s hierarchy begins with the following four highest levels:Area.Topic.Subtopic.Section.As you research, you will drill down in the hierarchy, beginning with the Area of interest, then picking the Topic within the area, then the Subtopic, then the Section. Areas, Topics, and Subtopics are simply landing pages that contain tables of contents. Sections are the only pages that have codification content.For example, if you wanted to research costing inventory, you would drill down by clicking on the following: Assets > 330 Inventory > 10 Overall > 30 Initial Measurement > General > 30-1 Cost Basis.You would then see the detailed codification specific to costing inventory. Although there are literally thousands of sections within the hundreds of subtopics, once you practice and get used to moving around in the codification, it is easy to research your accounting topics. You may find yourself utilizing it not only for class research, but also for topics you are working on in your professional life and topics that you may simply find interesting.The codification is organized within the following nine areas:General Principles.Presentation.Assets.Liabilities.Equity.Revenue.Expenses.Broad Transactions.Industry.The Industry area identifies 32 industries that have specific items unique to them. These industries range from five different areas of Entertainment to Mining, Financial Services, Airlines, Agriculture, Franchisors, Software, Health Care Entities, and many more. To complete this assignment, you will need to access the FASB Codification. For this assignment, write a 2–4 page paper in which you:Select one of the industries that interests you, and briefly explain why.Identify how many subtopics are in the industry you selected.Pick two subtopics within your selected industry that are applicable to a balance sheet (something to do with assets, liabilities, or equity).Identify your chosen subsections by number and title. Explain what they mean in your own words.Identify what accountants in your selected industry might be focused on as an area or areas of concern.This course requires the use of Strayer Writing Standards (SWS).Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow school-specific format. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcome associated with this assignment is:Examine industry research as it relates to a balance sheet By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™

Complete an analysis of the key external factors that have implications for successful implementation of your organization’s VMO, strategy and goals/objectives. You will examine your organization’s industry and the competitive conditions/positioning affecting it now or likely to do so in the future. Submit your work in your assignment folder in the form of an approximate 2,000-word double-spaced APA-formatted paper. The title page, reference list, and any appendices are not included in this suggested word count. You do not need to include an abstract.My organization : RaytheonYour paper should address these topics:A brief explanation of the industry (or industries) in which your organization operates as well as context for your organization’ current positioning.Analyze the current conditions in your organization’s industry and in its relevant general environment and their likely implications for successful implementation of your organization’s strategic goals and related actions. Be sure to address the PESTEL framework.Apply Porter’s Five-Forces Model to enrich your understanding of the environment in which your organization is now or may be operating. The Five Forces model should stress that this model is used to evaluate the industry, not your selected organization’s activities. The model should be used to isolate the dominant force(s) in the industry faced by all competitors and that produce the greatest threat to your organization’s profits and/or strategy. You should discuss how your firm can provide a defense against this threat or threats. Describe your organization’s strategic group and construct a map to show its relative market position. Add in a discussion of your rationale for the grouping.Summarize the threats and opportunities facing your organization gleaned from your analysis. (SWOT analysis) Submit the SWOT format in Table form and add in some narrative to discuss the threats and opportunities in more detail. Explain in your discussion (not in the table) why you selected them and how they relate to the VMO and organization’s strategy.Evaluate the extent to which your organization’s current strategy appears a good match for the competitive conditions it confronts or any gaps that must be addressed.Add in a strong conclusion that ensures the reader leaves your paper with a clear recap of your key points.IMPORTANT: Do not just use someone else's SWOT, Five Forces, or other analysis. We want you to think for yourself. Critically analyze your firm and write about your original conclusions. Again, imagine you have been asked by the organization’s CEO or top leader to offer an assessment of the organization and how well it is positioned (or not) to deliver on the VMO and strategy in the external environment. This is a critical element, stand back and offer thoughtful criticism and recommendations.