gaap360

study tools and other resources for aspiring beans

FASB Publishes Codification for Public Verification

Over the past several years, the FASB has been working to codify, by topic, existing U.S. GAAP into a single, online source.  Last week, the FASB issued its long-awaited Codification for public comment.  The Codification does is not intended to change existing GAAP, just make it easier to access and navigate.  The FASB is seeking user feedback during a one-year free trial, on whether the codification represents U.S. GAAP.  Users can sign-up here:  http://asc.fasb.org/  

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