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Accounting 312: FASB Codification

Welcome to the library guide for Accounting 312 Intermediate Accounting II

Thomson Reuters Checkpoint Database

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Thomson Reuters Checkpoint is UST's premier resource for locating, interpreting, and finding out how to apply auditing and accounting standards. Within this resource you can search AICPA and FASB materials, both current and historical, as well as many editorial resources that assist in defining and interpreting the standards.  Particularly useful are Checkpoint's features that allow you to print out, cite, and contextualize its material.

FASB Codification in Checkpoint

Thomson Reuters Checkpoint Database provides users complete access to the FASB Codification.  

Go directly to the FASB Codification in Checkpoint Database

FASB 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.

The Financial Accounting Standards Board (FASB) had three primary goals in developing the Codification:
1. Simplify user access by codifying all authoritative US GAAP in one spot.
2. Ensure that the codified content accurately represented authoritative US GAAP as of July 1, 2009.
3. Create a codification research system that is up to date for the released results of standard-setting activity.

This learning guide, attached below, will provide you with an extensive hands-on tutorial on how to use the FASB ASC:

ASC FASB via Academic Accounting Access

Click on the image below to go to the ASC Academic Accounting Access site: