FASB Codification Guide-2

FASB Codification Guide-2

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ’s Academic Accounting Access initiative. Your user account is identified by your email address, which serves as your username when logging into the System. You will also be asked to choose a password for your account. Once you have established your user account, you must enter your username and password at the System’s login page in order to use the System, as shown in the following screen image. To Log In to the System: Using a web browser (for example, Microsoft Internet Explorer), go to http://asc.fasb.org. Click the ―Login‖ link in the upper right-hand corner of the page. Enter your username and password (passwords are case-sensitive), then click the SUBMIT button. Lesson 1: Getting Started with the Codification 3 Try It Now Go ahead and log in to the System using your username and password. Verify that your web browser is displaying the home page of the System, as shown in the following screen image. Lesson 1: Getting Started with the Codification 4 FINDING RELEVANT ACCOUNTING GUIDANCE BY SYSTEMATIC BROWSING A simple and direct way to find the provisions of U.S. GAAP related to a particular aspect of financial accounting is to systematically browse the Codification content. To do so effectively and efficiently, you will need to know how the Codification content is organized and how to navigate through the content in the System. How the Codification Content is Organized The Codification content is organized by subject matter in a hierarchy. Large collections of accounting guidance at higher levels of the hierarchy are successively subdivided into smaller collections at each lower level. The Codification’s hierarchy can be visualized as an ―outline‖ structure, as the four highest levels are shown here: Area Topic Subtopic Section In this hierarchical structure, Areas represent large collections of accounting guidance. Topics, Subtopics, and Sections represent increasingly smaller collections of guidance within Areas. Each of the Codification’s nine Areas is identified by a title. Each Topic, Subtopic, and Section...
View Full Document

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.

Ask a homework question - tutors are online