Standards

Implementing New Standards

An important part of the FASB’s mission of developing high-quality standards is monitoring implementation. The FASB accomplishes this by assisting preparers and other practitioners in their understanding and ability to consistently apply new standards. >> More

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. >> More

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. >> More

Just Issued

When the FASB finalizes a new standard, it becomes an Accounting Standards Update, and is integrated into the FASB Accounting Standards Codification™. View recent Updates issued by the FASB. >> More


  • Implementing New Standards How the FASB positions organizations for a successful and smooth transition to new standards. >> More
  • 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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Private Company Decision-Making Framework

Guide to assist the FASB and the PCC in determining when to provide alternative recognition, measurement, disclosure, display, effective date, and transition guidance for private companies reporting under U.S. GAAP.

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Accounting Standards Updates Issued

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

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Accounting Standards Updates—Effective Dates

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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