Some general tips for analyzing the Codification's text:
From the Notice to Constituents
Entity replaces words such as company, organization, enterprise, firm and preparer.
Intra-entity replaces intercompany
Shall replaces "is" "required to," "must" and similar terms
Would and should are used to represent examples and hypothetical situations
All Baruch faculty and students may access the FASB Accounting Standards Codification (ASC) through CCH Accounting Research Manager, accessible through the Newman Library's databases.
Basic searches may be done in four different ways. See example below:
Advanced Search enables searchers to limit their searches and results to the Codification and to search for combinations of phrases. For an explanation and example, see below:
As with the FASB Codification-Professional View-Academic Access, searchers may drill down the topics and subtopics of the Codification through the CCH Accounting Research Manager
CCH Accounting Research Manager provides nonauthoritative interpretative guidance on the FASB Codification (as well as other accounting and auditing topics)
This guidance can be very helpful in understanding topics.
There's a color code of the background of CCH's content:
White = Authoritative
Beige = Interpretative, prepared by CCH
Blue = Proposal stage
Green = Other (includes SEC and other sources)
See Additional help for other resources