FAF RELEASES UPDATED PRINT EDITION
OF FASB ACCOUNTING STANDARDS
CODIFICATION®
Supplements Online
Codification
Norwalk, CT—February 16,
2017—The Financial Accounting Foundation (FAF) today released an
updated print edition of the Financial Accounting Standards Board's FASB
Accounting Standards Codification®, the single, authoritative
source of Generally Accepted Accounting Principles (GAAP) for public and private
companies and not-for-profit organizations. The new five-volume bound edition of
the FASB Codification contains all of the content of the online Codification as
of October 31, 2016.
The annual bound edition of the Codification is
intended to be used as a reference tool in conjunction with the online
Codification (which is always current) available at https://asc.fasb.org/.
This edition includes an
alphabetical listing of all the Topics referenced in the FASB Codification—with
their related starting page numbers—at the beginning of each volume, for more
effective use.
The Codification is presented in five volumes, as follows:
- Volume 1 includes About the Codification, which provides information to
aid in understanding the topical structure, content, style, and history of the
FASB Codification. Volume 1 also contains standards relating to General
Principles (Topic 105), Presentation (Topics 205 through 280), Assets (Topics
305 through 360), and Liabilities (Topics 405 through 480).
- Volume 2 includes standards relating to Equity (Topic 505), Revenue
(Topics 605 through 610), and Expenses (Topics 705 through 740).
- Volume 3 includes standards relating to the Broad Transactions Area
(Topics 805 through 860).
- Volume 4 includes standards relating to the beginning of the Industry Area
(Topics 905 through 954).
- Volume 5 includes standards relating to the remainder of the Industry Area
(Topics 958 through 995), the Master Glossary, and the Topical Index.
The annual print edition of the FASB Accounting Standards
Codification® can be ordered online at the FASB Store at the
cost of $255.00.