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Unformatted text preview: ones concerning how U.S.
GAAP has changed or is likely to change over time. You can access electronic versions of all ASUs, MUs, proposed ASUs, and other
outstanding exposure documents through the System. Much of the nonauthoritative content in the System can be accessed in multiple
ways. Lesson 10: Working with Nonauthoritative Content 99 REINFORCE YOUR LEARNING
Q1: For each of the following kinds of information, identify the type of nonauthoritative
source (i.e., Notice to Constituents, Accounting Standards Updates, Proposed
Accounting Standards Updates, Other Exposure Documents, Pre-Codification
Standards, or Maintenance Updates) that is most likely to contain the information.
a. A detailed description of a specific, proposed, major change to the Codification’s
authoritative FASB content
b. A specific Statement of Financial Accounting Standards that was issued by the
FASB in 1983 and that was, at the time, an authoritative pronouncement of U.S.
c. Descriptions of specific ―roll off‖ changes that have been made to the
Codification’s authoritative content
d. An explanation of the editorial practices that the FASB followed during the
process of codifying U.S. GAAP from pre-Codification sources
e. The FASB’s explanation of its rationale for making a specific, major change to
the Codification’s authoritative content. Exercises
E1: Access the FASB’s Notice to Constituents. Which Codification Topic is used as an
example in the illustration of the hierarchy of the topical structure of the Codification?
E2: Access ASU No. 2009-05. Which entities are affected by the amendments documented
in that ASU? (Hint: Look in the ―Summary‖ section of the ASU.)
E3: Access the ―As Issued‖ version of FASB Interpretation (FIN) No. 48, a preCodification standard. For which fiscal years was the Interpretation, as originally
issued, initially effective?
E4: Access MU No. 2010-12. According to that MU, in which Codification paragraph was
the word ―entitl...
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.
- Fall '09