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Codification, such as:
a. Regulation S-X (SX) b. Financial Reporting Releases (FRR)/Accounting Series Releases (ASR) c. Interpretive Releases (IR) d. FASB vs. SEC
Lesson 3 of this
and SEC guidance
from each other in
the Codification. SEC Staff guidance in:
1. Staff Accounting Bulletins (SAB)
2. EITF Topic D and SEC Staff Observer comments. The SEC Sections do not contain the entire population of SEC rules, regulations,
interpretive releases, and staff guidance. For example, the Codification does not
include all content related to matters outside the basic financial statements, such
as Management’s Discussion and Analysis (MD&A), or to auditing or
independence matters. The Codification content includes examples and implementation guidance. The System also provides access to certain nonauthoritative sources of
a. The Codification’s Notice to Constituents–About the Codification b. Accounting Standards Updates c. Proposed Accounting Standards Updates d. Other Exposure Documents e. Pre-Codification Standards Lesson 1: Getting Started with the Codification 2 Other Sources
Lesson 10 of this
describes each of
information. f. Maintenance Updates. The Codification is not a textbook or tutorial on accounting. It is assumed that
users possess basic knowledge of double-entry accounting techniques and the
principal financial statements. The Codification does not contain the conceptual framework for U.S. GAAP,
which is found in the FASB’s Statements of Financial Accounting Concepts,
accessible at www.fasb.org. LOGGING IN
To use the System, you must have a user account and access to the internet.
Instructions for obtaining a user account can be found at http://asc.fasb.org.
This Learning Guide assumes that you have ―Professional View‖ access to the
System, either through a paid subscription or through the American Accounting
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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