ASCcodification

ASCcodification - 2009 Financial Accounting Foundation 1 of...

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Unformatted text preview: 2009 Financial Accounting Foundation 1 of 37 FASB Accounting Standards Codification Notice to Constituents (v 2.0) Page FASB Accounting Standards Codification ...............................................................................3 Codification Goals ......................................................................................................................4 Codification Research System .....................................................................................................5 Content Matters...........................................................................................................................6 Population of codified standards as of July 1, 2009..................................................................6 Standards issued by standard setters other than the SEC ......................................................6 Standards issued by the SEC................................................................................................7 Essential and nonessential content ...........................................................................................8 Cross-referencing between standards and the Codification ......................................................8 Grandfathered content excluded from the Codification as of July 1, 2009 ................................8 General ................................................................................................................................8 Business Combinations........................................................................................................9 Income Taxes ......................................................................................................................9 Pensions ..............................................................................................................................9 Transition guidance for first-time adopters of US GAAP .....................................................9 Non-GAAP ........................................................................................................................... 10 Governmental accounting standards ...................................................................................... 10 Audit guidance ...................................................................................................................... 10 Structure and Style Matters ....................................................................................................... 11 Topical structure ................................................................................................................... 11 Illustration of the hierarchy ................................................................................................ 11 Topics ............................................................................................................................... 11 Subtopics ........................................................................................................................... 12Subtopics ....
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This note was uploaded on 01/20/2012 for the course ACCT 407 taught by Professor Price during the Spring '11 term at Jones Intl..

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ASCcodification - 2009 Financial Accounting Foundation 1 of...

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