Citing the Codification - ACC 4100 / ACC 9805: Access to FASB Accounting Standards Codification & IFRS - Prof. Lilien

How to Cite the FASB Codification - From the FASB Notice to Constituents

The Notice to Constituents has information on how to cite the FASB Codification of Accounting Standards:

Broad references in footnotes (see page 21)

Detailed references in other documents (see page 22) in the Notice to Constituents:

Notice to Constituents

Citation Example in Journal Article

The first sentence in An Update on Accounting for Uncertainty in Income Taxes (O'Dell and Glotzer (Dec. 2009), Journal of Accountancy, 208(6), 45+),

gives an example of citing to the Codification and referring to the former FASB interpretation.

Citing and Referring to the FASB Accounting Standards Codification (ASC)

Ask your professor if there is citation style (APA, MLA, Chicago) that is preferred.

Citations to the new Codification are to the paragraph(s) level, following this format: ASC XXX=Topic, YY=Subtopic, ZZ=Section, PP=Paragraph

Some resources may cite further, to the subparagraph level

Where do you find this information?

In the Codification: the topic, subtopic, section, and paragraph are given, as in the following example relating to ASC 605 =Topic Revenue Recognition, 50 Customer Payment and Incentives=Subtopic, 45 =Section, 1=paragraph See attached document

Citation example for ASC 605-50-45-1

Examples of Citations to FASB Accounting Standards Codification (ASC) from the Securities and Exchange Commission

The Securities and Exchange Commission (SEC) offers guidance on citing the Codification