Various standard setters issue authoritative literature that is included in the Codification, literature not included is considered nonauthoritative. FASB, the Emerging Issues Task Force, the Accounting Principles Board, and the American Institute of CPAs are a few standard setters that create the authoritative literature included in the Codification. The Codification also includes content issued by the Securities and Exchange Commission that are relevant to financial statements.
When conducting research on the Codification Research System in regard to an accounting issue there are three primary ways to perform the search: by the word search function, the “Go To” feature, or the browse by topic option. For example if we were to use Capitalization of Interest as our research topic we can type the topic in the search field and search the entire codification. The “Go To” feature is available for more experienced users that know the specific codification Topic, subtopic, and section codes. The last option is the browse by topic option, which takes you dir...
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...fication came about and how to understand the organization of the Codification. FASB also created a visual tutorial that demonstrates the features and functions that the website offers. Knowing how to use the Codification Research System will allow you to research accounting issues more efficiently and effectively.
"Accounting Standards Codification: Notice to Constituents (v4.1) About the Codification." FASB: Financial Accounting Standards Board. 30 Apr. 2010. Web. 26 Nov. 2010.
FASB Codification. Digital image. FASB Accounting Standards Codification Professional View. FASB. Web. 28 Nov. 2010.
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