Answer
The difference between codification and the codification research system is that codification compiles and integrates all Generally Accepted Accounting Principles (GAAP) into a whole without creating a new GAAP. On the other hand, the research system is a database that grants access to the codification.
Work Step by Step
In codification, the FASB had three goals. The first involved simplifying user access by codifying all authoritative GAAP into one. The second was to ascertain that codified content correctly represented U.S. GAAP. Creating a codified research system was the third goal.
