Choose an area of interest:
Search 

Choose an area of interest:
Accounting | A & A | Corporate Finance | Ethics & Compliance | Financial Planning | HR & Training | International | Legal | Students | Tax | Tech


FAF Releases Updated Print Edition of FASB Accounting Standards Codification


March 11, 2013The Financial Accounting Foundation (FAF) recently released an updated print edition of the Financial Accounting Standards Board's Accounting Standards Codification, an authoritative source of U.S. Generally Accepted Accounting Principles for public and private companies, and not-for-profit organizations. The new four-volume bound edition of the FASB Codification contains all of the content of the online Codification as of October 31, 2012.



The annual bound edition of the Codification is intended to be used as a reference tool in conjunction with the always-current online Codification available at https://asc.fasb.org

The FASB Accounting Standards Codification organizes the thousands of U.S. GAAP pronouncements, excluding governmental accounting standards, into roughly 90 accounting Topics and displays all Topics using a consistent structure. It also includes relevant Securities and Exchange Commission (SEC) guidance that follows the same topical structure in separate sections in the Codification.

The Codification is indexed by the following volumes:

Volume 1 includes the Notice to Constituents, which provides information to aid in understanding the topical structure, content, style, and history of the FASB Codification. Volume 1 also contains standards relating to General Principles (Topic 105), Presentation (Topics 205 through 280), Assets (Topics 305 through 360), Liabilities (Topics 405 through 480), and Equity (Topic 505).

Volume 2 includes standards relating to Revenue (Topic 605), Expenses (Topics 705 through 740), and the beginning of the Broad Transactions Area (Topics 805 through 815).

Volume 3 includes standards relating to the remainder of the Broad Transactions Area (Topics 820 through 860) and the beginning of the Industry Area (Topics 905 through 944).

Volume 4 includes standards relating to the remainder of the Industry Area (Topics 946 through 995), the Master Glossary, and the Topical Index.

The annual print edition of the FASB Accounting Standards Codification can be ordered online at the FASB store at the cost of $215.

SmartPros Ltd. 2013.

Related Stories
 
 
FASB Responds to Financial Accounting Foundation's Post-Implementation Review Report on Statement 131 on Segment Reporting


 
Would you recommend this article?
5 (yes, highly)
4
3
2
1 (no, not at all)
Comments:


 
 
About SmartPros | Accounting Products | Professional Education | Marketing Services | Consulting | Engineering Products | PE Review Course | Contact Us
Copyright 2015 Kaplan, Inc. | All rights reserved.