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Accounting Standards Codification information


In US accounting practices, the Accounting Standards Codification (ASC) is the current single source of United States Generally Accepted Accounting Principles (GAAP). It is maintained by the Financial Accounting Standards Board (FASB).

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Accounting Standards Codification

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US accounting practices, the Accounting Standards Codification (ASC) is the current single source of United States Generally Accepted Accounting Principles...

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Financial Accounting Standards Board

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Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles...

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Codification

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Standards Codification, the collection of US Generally Accepted Accounting Principles produced by the Financial Accounting Standards Board NATO Codification System...

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Sustainability Accounting Standards Board

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International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have established International Financial Reporting Standards and...

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List of FASB pronouncements

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part. The SFAS have been superseded by the FASB Accounting Standards Codification (ASC). The codification is effective for interim and annual periods ending...

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List of Accounting Principles Board Opinions

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prior to 2009 (when the Accounting Standards Codification was issued.) Also, consult Fasb Pre-Codification AICPA Copyrighted Standards for those Interpretations...

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Accounting for leases in the United States

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Accounting Standards Number 13, now known as Accounting Standards Codification Topic 840 (ASC 840). These standards were effective as of January 1, 1977. The...

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Purchase price allocation

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FASB "Accounting Standards Codification" ("ASC") reorganizes the FASB statements and represents a single authoritative source of U.S. accounting and reporting...

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Asset retirement obligation

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Standards Codification published by the Financial Accounting Standards Board. Entities covered by International Financial Reporting Standards (IFRS) apply...

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List of AICPA Audit and Accounting Guides

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references to sections of Accounting Standards Codification (ASC) which complement or supersede a particular Audit and Accounting Guide. The ASC is published...

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Cost of goods sold

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Financial Accounting Standards Board (FASB) Accounting Standards Codification ASC 330-10-30-1[dead link]; International Accounting Standards IAS 2 Archived...

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Financial Accounting Foundation

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launched free online access to the FASB's Accounting Standards Codification and the GASB's Governmental Accounting Research System, with previously paid-only...

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Depreciation

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Intermediate Accounting, Chapter 11. ISBN 978-0-471-44896-9. Financial Accounting Standards Board (U.S.) Accounting Standards Codification 360-10-35. Available...

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Intangible asset

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a contractual or legal right. The Financial Accounting Standards Board Accounting Standard Codification 350 (ASC 350) defines an intangible asset as...

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ASC

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speaking clubs Accounting Standards Codification, an official publication of financial accounting standards known as Generally Accepted Accounting Principles...

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Restricted stock

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in 2005. (Statement no. 123(R) is now incorporated in FASB Accounting Standards Codification Topic 718, Compensation—Stock Compensation.) Prior to 2006...

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Consignment

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exists that will be adjusted for holding costs and interest Accounting Standards Codification (ASC) 606-10-55-80 (implemented for public companies December...

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Fair value

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(fair value) numbers. Along with all other standards, FAS 157 was codified FASB Accounting Standards Codification as (ASC) Topic 820 (Fair Value Measurement)...

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Accounting Research Bulletins

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content of the bulletins. The Accounting Research Bulletins have all been superseded by the Accounting Standards Codification (ASC). With the permission...

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Annual comprehensive financial report

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complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). GASB provides standards for the content of...

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AICPA Statements of Position

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and Accounting Guide (AAGs) series. Those SOPs dealing with accounting standards are superseded by the FASB's Accounting Standards Codification. Audit...

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Revenue recognition

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principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses...

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SFAS 157

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will issue further guidelines on SFAS No. 157 disclosures. Mark-to-market accounting#FAS 157 / Accounting Standards Codification Topic 820 SFAS No. 157...

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Variable interest entity

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Chinese companies using VIEs. The FASB's Accounting Standards Codification (ASC) 810, Consolidation, provides accounting guidance on when a reporting entity...

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Chart of accounts

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of accounts. "Understanding Asset, Liability, Equity, Income and Expenses | Part-3 Accounting Series". YouTube. "Statement of Financial Accounting Concepts...

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