The Financial Accounting Foundation (FAF) today released an updated
print edition of the Financial Accounting Standards Board’s
Accounting Standards Codification®, the single,
authoritative source of U.S. Generally Accepted Accounting Principles
(U.S. GAAP) for public and private companies, and not-for-profit
organizations. The new four-volume bound edition of the FASB
Codification contains all of the content of the online Codification as
of October 31, 2012.
The annual bound edition of the Codification is intended to be used as a
reference tool in conjunction with the always-current online
Codification available at https://asc.fasb.org.
The FASB Accounting Standards Codification® organizes
the thousands of U.S. GAAP pronouncements, excluding governmental
accounting standards, into roughly 90 accounting Topics and displays all
Topics using a consistent structure. It also includes relevant
Securities and Exchange Commission (SEC) guidance that follows the same
topical structure in separate sections in the Codification.
The Codification is indexed by the following volumes:
The annual print edition of the FASB Accounting Standards Codification®
can be ordered online at the FASB
store at the cost of $215.00.
About the Financial Accounting Standards Board
Since 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 www.fasb.org.
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.