The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

The codification is effective for interim and annual periods ending after Sept. 15, 2009. All existing accounting standards documents will be superseded by the codification, and all other accounting ...

The Financial Accounting Standards Board began testing a codification of U.S. generally accepted accounting principles that reorganizes thousands of U.S. GAAP pronouncements to make them easier to ...

FASB issued a new standard Thursday that is designed to provide incremental improvements to its Accounting Standards Codification. Accounting Standards Update No. 2020-10, Codification Improvements, ...

The Accounting Standards Codification (ASC) is a collection of all authoritative guidance related to generally accepted accounting principles (GAAP) in the Unites States. While it is convenient to ...