Rapid expansion in the accounting knowledge base through increased complexity of the rules and the frequent amendment and promulgation of the standards makes the task of effectively and efficiently navigating the pre-codifications very difficult. The Financial Accounting Research Board (FASB) has acknowledged this problem and has attempted to address it through their project focused on the codification of the authoritative accounting literature (AAL).

Use Devrys subscription to the FASB Codification, by going tohttp://aaahq.org/ascLogin.cfmto log in using the credentials found in Course Home -> Course ResourcesFASB Codification to access the glossary (Master Glossary) and answer the following:(a) what is the definition of 605 Revenue Recognition926 EntertainmentFilms?(b)What is the definition of compensation?