The Financial Accounting Standards Board began testing a codification of U.S. generally accepted accounting principles that reorganizes thousands of U.S. GAAP pronouncements to make them easier to ...

The Financial Accounting Standards Board voted Wednesday to approve the FASB Accounting Standards Codification as the single authoritative, nongovernmental source of information on GAAP, with an ...

As a result of FASB’s Accounting Standards Codification (“Codification”)[1], which replaces the current hierarchy and framework of the standards of U.S. generally accepted accounting principles (“GAAP ...

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Foundation (FAF) today announced that the Financial Accounting Standards Board’s FASB Accounting Standards Codification ® (FASB Codification) ...

The responsibility of enforcing and shaping generally accepted accounting principles (GAAP) falls on two organizations: the ...