Understanding GAAP Within the FASB Codification

Get a better understanding of the FASB Codification structure and how to navigate and research U.S. GAAP with the Codification.

The FASB Codification is the official source of authoritative, nongovernmental U.S. GAAP. The Codification superseded FASB statements and interpretations, AICPA standards, EITF rulings and related literature.

Preparers and auditors of financial reports must be aware of and understand how to navigate the FASB Codification. This topic will give you the knowledge and skills needed to thoroughly understand and confidently navigate and conduct research using the FASB Accounting Standards Codification.

Learning Objectives:

This Live Webinar Covers These Hot Issues:

New System: Codification

• History
  
• Purpose and Content
  
• Goals

Accounting Standards Codification Structure

• Topics
  
• Subtopics
  
• Sections
  
• Subsections
  
• Paragraphs

Navigating the FASB Codification

• Traditional Method: Keyword Search
  
• Codification: Browse, Cross Reference, Search, Go-To
  
• Additional Research Features

Future Standard Setting Process

• Incorporated Into Codification
  
• Role of FASB

Credit Information (Sponsored by Lorman Education Services):

• CPE
• NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Carie O. Ford, Baylor University

• Has taught codification at Baylor University since the codification’s trial period began January 2008
• More than 19 years of college level teaching experience
• Co-wrote two articles related to codification in the Journal of Accountancy (December 2008) and Today’s CPA (November/December 2008)
• Ph.D. degree, Texas Tech University; M.B.A. and B.B.A. degrees, Baylor University
• Can be contacted at carie_ford@baylor.edu