Standards

Effective Dates

Each final Accounting Standards Update has an effective date when companies and nonpublic not for profit organizations are required to implement it. The FASB provides a complete calendar of when recently-finalized Accounting Standards Updates go into effect.

Codification

The FASB Accounting Standards Codification™ is the single source of authoritative nongovernmental U.S. Generally Accepted Accounting Principles (GAAP). The FASB offers a number of learning resources to help users get the most out of the Codification.

Just Issued

When the FASB finalizes a new standard, it becomes an Accounting Standards Update, and is integrated into the FASB Accounting Standards Codification™. Here is the most recent final Update issued by the FASB.

Update No 2013-07—Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting

  • Effective Dates Each final Accounting Standards Update has an effective date. >> More
  • Codification FASB Accounting Standards Codification™ – the single source of authoritative nongovernmental U.S. GAAP. >> More
  • Just Issued When the FASB finalizes a new standard, it becomes an Accounting Standards Update. >> More

Accounting Standards Codification

On July 1, 2009, the FASB Accounting Standards CodificationTM became the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (GAAP). Learn about the Codification and how to use it here.

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Pre-Codification Standards

All FASB standards issued prior to the launch of the FASB Accounting Standards CodificationTM on July 1, 2009. Includes FASB Statements No. 1 – 168.

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Accounting Standards Updates

All final FASB pronouncements (standards) issued after the launch of the FASB Accounting Standards CodificationTM on July 1, 2009.

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Standards Issued By Year

Here’s where to find all FASB accounting standards (pronouncements) issued since 1973. These include all FASB Statements (Nos. 1 – 168) issued prior to the launch of the FASB Accounting Standards CodificationTM on July 1, 2009, and all FASB Accounting Standards Updates issued after that date.

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Effective Dates of Recent Pronouncements

A calendar of when recently-finalized FASB standards are set to take effect.

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 Concepts Statements

Concepts Statements guide the Board in developing sound accounting principles and provide the Board and its constituents with an understanding of the appropriate content and inherent limitations of financial reporting.

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