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
Baruch's Stan Ross Department of Accountancy has paid the Financial Accounting Foundation and American Accounting Association so that Baruch accountancy students and faculty may have Academic Access to the Professional View of the FASB Accounting Standards Codification.
Accountancy students must obtain the username and password information from their professors. The Newman Library does not have this information.
Go to: http://asc.fasb.org/
On the right side, in the Academic User box, click on Academic Accounting access
Then, click Registered User Login and enter the username and password you have received from your professor.
If you don't have the login information, all Baruch students and faculty may access the Codification through CCH Accounting Research Manager, a database available through the Newman Library's databases. Users will need to provide their Baruch user names and passwords.
Consult Other Sources for pending changes, exposure drafts, and the previous FASB accounting standards
Definitions may make a difference in research outcomes. Check the Master Glossary after logging on
Other non-authoritative resources may help you understand the Codification. See Additional help
Use quotation marks for searching phrases (two words or more) Example: "preexisting gains and losses"
Additional ways to search in the Professional View and CCH Accounting Research Manager:
Cross Reference enables researchers to cross reference between the superceded standards and the Codification.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.
Join Sections enables researchers to select Codification content that spans multiple topics and subtopics. A topic and section must be selected. See Join Sections help.
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.