Читать книгу Financial Accounting For Dummies - Maire Loughran - Страница 90

The FASB allows free, limited access to the Accounting Standards Codification. To check it out, go to http://asc.fasb.org/. Look for “Go to Codification” on the home page, confirm that you aren’t a robot and click Access Basic View. Finally, accept the Basic View Licensing Agreement to access your free view.

After you complete that log-in procedure, on the Basic View home page you can browse the topics on the left-hand task bar to see how to apply GAAP for accounting topics such as revenue (which I discuss in Chapter 10 of this book), assets, liabilities and equity (which I discuss in Part 3), and presentation (see Chapters 15 and 16). Each topic allows you to drill down to more detailed information. For example, if you select “Equity,” you can further select “Treasury Stock” (which I explain in Chapter 9) to find out how to account for treasury stock under GAAP.

The ASC professional version annual subscription costs $1,086. Ask your financial accounting instructor if your school has academic accounting access. If so, you’ll have free access to better search functions that allow for a fully functional view of the codification.