ACC 9112 - FASB Accounting Codification and Additional Resources - Prof. DiMeglio, Fall 2020

Tips for searching the codification

FASB Learning Guide for Codification

Extensive guide, with exercises, is designed for learning more about the Professional View of the Codification.

Basic Search Tips

  • Be certain to  understand the definition of terms--consult the Master Glossary
  • Use quotation marks to search for phrases of more than one word, such as "capitalized interest"
  • Secondary sources, such as articles and books, may help with understanding the official Codification. See suggestions under Library Resources to Help Understand the Codification.

General Tips

From the Notification to Constituents:

 Language changes from the previous standards include:

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

Codification Access

Baruch students and faculty have access to the FASB Codification through two databases:

  • CCH Accounting Research Manager, a subscription database that  the Newman Library offers
  • Consult these databases for help with accessing and searching the codification. See also videos and tips mentioned in left and right boxes.

     

Free Access from the FASB

  • Free access: All members of the public may access the Codification through the FASB Accounting Standards Codification Basic View.

 Search features available in the Professional View are not available in the Basic View.  Basic View searches are limited to searching by known numerical citation, or drilling down the major Codification topics.

 

Searching the Codification

  • Search by a known citation in the Codification search box (not available in the Basic View)
  • Drill down the seven categories, expand topics and subtopics to find what you need
  • Enter keyword or keywords in search box (available in the Professional View-Academic Access and CCH Accounting Research Manager)
  • Select advanced search, which allows the most options (available in the Professional View-Academic Access and CCH Accounting Research Manager)

Additional ways to search in the FASB Accounting Standards Codification Professional View-Academic Access and CCH Accounting Research Manager:

Cross Reference enables you to cross reference between the superceded standards and the Codification. Either: Enter the information about the earlier standard to learn where in the Codification the language is now located, or enter information about the Codification to identify the standards that contain the language referenced in the Codification.  See Cross Reference help and tutorial
Join Sections enables you to select Codification content that spans multiple topics and subtopic. A topic and section must be selected. See Join Sections help and tutorial

Video Tutorials

The FASB offers tutorials and help on the Codification.

CPA Jeff Sailor

CPA Jeff Sailor has two free tutorials on Youtube.com

Part 1 includes Codification structure and how to use it

Part 2 describes Codification research options

Helpful Articles

Toerner, M. C. (2009). A guide to using the Accounting Standards Codification. The CPA Journal, 79(2), 20-25. Toerner is a CPA and an accounting professor.

Ford, C.O. and Thomas, C. William. (2008). Test-driving the Codification, Journal of Accountancy. 206(2), 62+.  The authors are CPAs and accounting professors.