FASB Codification Guide-2

S gaap issued before to july 1 2009 by the fasb the

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Unformatted text preview: bered according to the same pattern, each kind of update is numbered independently of the other. Thus, an ASU and an MU can have the same number (e.g., ASU No. 2011-03, MU No. 2011-03); however no relationship exists between an ASU and an MU that have been assigned the same number. CONSULTING NONAUTHORITATIVE CONTENT In some situations, the answers to your research questions can be found in one or more of the nonauthoritative sources of information that are available through the System. The following table will help you identify the appropriate nonauthoritative source(s) to consult based on the information that you are looking for: If You Are Looking For … Then Consult … Explanations of how the Codification content and System were developed Explanations of the rationale behind general characteristics of the content and System Notice to Constituents Descriptions of major changes to the Codification’s authoritative content Explanations of the rationale behind major changes to the Codification’s authoritative content (“Basis for Conclusions”) Accounting Standards Updates Descriptions of proposed changes to the Codification’s authoritative FASB content Explanations of the FASB’s rationale behind proposed changes to the Codification’s authoritative FASB content (“Basis for Conclusions”) Proposed Accounting Standards Updates Information regarding matters other than formally proposed changes to the Codification’s authoritative FASB content on which the FASB is seeking comment from interested parties Other Exposure Documents Formerly authoritative content included in pronouncements of U.S. GAAP issued before to July 1, 2009 by The FASB The Emerging Issues Task Force (EITF) The American Institute of Certified Public Accountants (AICPA) Pre-Codification Standards Descriptions of minor editorial and nonvisual changes to the Codification’s authoritative content Maintenance Updates Lesson 10: Working with Nonauthoritative Content 95 TIP FOR SUCCESS: Don’t Forget the “Non” The...
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