In this podcast episode, we discuss the structure of the accounting standards codification that has been produced for all GAAP accounting standards. Key points made are:
All GAAP accounting standards are now located in a single database, which is indexed using a standardized coding structure. The web address is asc.fasb.org.
The codification reorganizes GAAP into about 90 topics.
Some SEC content is provided, though there are no governmental accounting standards.
Top level topics appear down the left side of the web page. Information categories are broken down further within each topic. There are also hyperlinked cross-references to other topics.
You can drill down as many as four levels within the coding structure.
There is a search feature that allows you to enter the original accounting standard, which produces the new codification reference.
This is a much better approach to researching standards than the old system, where you needed to wade through a number of possible sources.