FASB CODIFICATION ONLINE PLATFORM NOW AVAILABLE ON TABLET DEVICES
Norwalk, CT, January 31, 2014—The Financial Accounting
Foundation (FAF) today announced that the Financial Accounting Standards Board´s
FASB Accounting Standards Codification® (FASB Codification) has been
enabled for use on tablet devices. The FASB Codification contains authoritative
generally accepted accounting principles (GAAP) recognized by the FASB to be
applied by nongovernmental entities, including public and private companies and
FASB Codification subscribers can access
the new tablet view through iOS (iPad) and Android-based devices at https://asc.fasb.org/. After user login, the system will
automatically recognize the user´s device and display the optimized view. The
tablet feature is available for both Professional and Basic Views.
Upon accessing the tablet view,
on-screen pop-up instructions guide the user to add a link icon (bookmark) to
the device´s home screen. Additional detail is available on the "Tablet Usage"
page of the Codification Help section.
The FAF plans to announce the
availability of a tablet view for the Governmental Accounting Standards Board´s
GASB Governmental Accounting Research System® (GARS Online) in the
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and
finances of both the Financial Accounting Standards Board (FASB) and its
counterpart for state and local government, the Governmental Accounting
Standards Board (GASB). The Foundation is also responsible for selecting the
members of both Boards and their respective Advisory Councils.
About the Financial Accounting Standards Board
1973, the Financial Accounting Standards Board has been the designated
organization in the private sector for establishing standards of financial
accounting and reporting. Those standards govern the preparation of financial
reports and are officially recognized as authoritative by the Securities and
Exchange Commission and the American Institute of Certified Public Accountants.
Such standards are essential to the efficient functioning of the economy because
investors, creditors, auditors, and others rely on credible, transparent, and
comparable financial information. For more information about the FASB, visit our
website at http://www.fasb.org/.