FAF Publishes Learning Guide for the FASB Accounting Standards Codification® Research System

Jack Humphrey, Regulatory journalist
March 27, 2012 /

The Financial Accounting Foundation (FAF) published the Learning Guide for the Codification Research System, a new resource for subscribers who want to use the Financial Accounting Standards Board’s (FASB) online Accounting Standards Codification’s features more effectively and efficiently. The Learning Guide is part of an ongoing improvement process for the FASB Accounting Standards Codification® research system platform.

The FASB Accounting Standards Codification® is the source of authoritative U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies, not-for-profits, and other non-governmental organizations. The Codification® organizes U.S. GAAP into roughly 90 accounting Topics and displays all Topics using a consistent structure. It also includes relevant Securities and Exchange Commission (SEC) guidance that follows the same topical structure in separate sections in the Codification.

The Learning Guide for the Codification Research System is complimentary for all subscribers (Professional, Academic, and Basic View) and is available at http://asc.fasb.org.

Useful to both novice and experienced Codification users, the Learning Guide employs a “learning by doing” approach. Each lesson includes real-life scenarios and work-related tasks, instructional content, tips and key points, lesson summaries, and questions, exercises, and problems to reinforce the users’ learning.

The lessons are:
Getting Started with the Codification
Navigating the Codification
Working with Section-Level Content
Understanding the Scope of Guidance
Citing Codification Content
Working with Research Results
Working with Pending Content
Working with Archived Content
Working with Glossaries
Working with Nonauthoritative Content
Searching: Fundamental Techniques
Searching: Advanced Techniques
Keeping Track of Changes to the Codification
Cross-Referencing Codification Content and Its Sources
Assembling Content for Greater Efficiency
Working with XBRL Elements
Providing Feedback on the Codification.


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