"After my military discharge back in 2014, I started working for The Los Angeles County, Department of Mental Health, Accounting Division, Accounts Payable and that got me to realize that I liked the accounting field and since then I decided to go to school to get my B.S. in Accounting. I worked for the Los Angeles County for 2 years followed by working in accounting for a couple of private companies and now I work as a Claims Payable Specialist for Liberty Dental Insurance Plan. I intend to finish my degree and hopefully obtain my CPA and work as an independent CPA Accountant. I wish you all the best of luck in this class and I hope we all get to finish our journey together with top grades."

Draw connections between your peers' experiences and goals and the relevance of the FASB Accounting Standards Codification system and the standard-setting process. Why is the FASB important within their careers or fields? How might a deeper understanding of the conceptual framework of financial reporting translate to personal or professional advantages for them?