Deloitte
Accounting Research Tool
...
FASB Accounting Standards Codification Manual

Codification

FASB Accounting Standards Codification

The FASB Accounting Standards Codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities. The Codification is effective for interim and annual periods ending after September 15, 2009.

You must log in to view this content and have a subscription package that includes this content.

Required subscriptions

The Codification’s categories are organized by Topic, Subtopic, Section, and paragraph, each with a numerical designation. The Sections in every Subtopic are labeled uniformly, as follows:
00
Status
40
Derecognition
05
Overview and Background
45
Other Presentation Matters
10
Objectives
50
Disclosure
15
Scope and Scope Exceptions
55
Implementation Guidance and Illustrations
20
Glossary
60
Relationships
25
Recognition
65
Transition and Open Effective Date Information
30
Initial Measurement
70
Grandfathered Guidance
32
Measurement
75
XBRL Elements
35
Subsequent Measurement
S99
SEC Material

Accounting Updates

The Codification is updated via Accounting Standards Updates (ASUs). These are assigned a number that corresponds to the year of the ASU’s issuance and its sequential order (e.g., the first ASU issued in 2010 was 2010-01). ASUs replace accounting changes that historically were issued as FASB Statements, FASB Interpretations, FASB Staff Positions, or other types of FASB standards. ASUs contain a background and basis for conclusions as well as a marked draft of any changes to existing guidance. The new guidance is labeled “Pending Content” in the Codification, and the superseded guidance will not be removed until the guidance in the ASU is effective for all entities. ASUs are available in PDF format on the FASB’s Web site.