Research Guides: Accounting: Accounting Standards

GAAP, IFRS, GASB

FASB
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Established in 1973, the Financial Accounting Standards Board (FASB) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP)

While FASB establishes standards, it does not have authority to enforce. The SEC and AICPA together provide the enforcement mechanism for GAAP.

Jenkins, E. L., & Mazza, C. R. (2014). Generally Accepted Accounting Principles. In Encyclopedia of Business and Finance (3rd ed., Vol. 1, pp. 353-355). Farmington Hills, MI: Macmillan Reference USA.

The Vest Pocket Guide to GAAP, 3rd by Steven M. Bragg Provides succinct answers to common GAAP questions
Call Number: eBook Collection (ProQuest)
Publication Date: 2011

IFRS Standards
The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's consolidated IFRS® Standards (Part A of the Issued Standards—the Red Book), the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available translations of Standards. This section also provides high-level and non-technical summaries for the Standards.

The Vest Pocket Guide to IFRS by Steven M. Bragg "Presenting a question-and-answer format for the most common accounting problems arising from specific IFRS topics, The Vest Pocket Guide to IFRS provides complete, easy-to-navigate coverage of all International Financial Reporting Standards (IFRSs) with concise explanations and hundreds of supporting examples."
Call Number: eBook Collection (ProQuest)
Publication Date: 2010

IFRS and US GAAP: similarities and differences
The IFRS and US GAAP: similarities and differences guide outlines the major differences between IFRS and US GAAP that exist today.
This guide was fully updated in October 2019, which included adding a chapter describing the differences related to accounting under the new leases standard.
GASB
Governmental Accounting Standards Board
GASB: Pronouncements
The following pronouncements are available for download:
*Statements of Governmental Accounting Standards
*Concepts Statements
*GASB Interpretations
*GASB Technical Bulletins
*GASB Implementation Guides (Post-Statement 76)

FASB Standards

FASB Accounting Standards Codification

FASB Accounting Standards can be accessed through either Free (Basic) or Professional View (subscription).

Free BASIC VIEW access to the FASB Accounting Standards Codification (ASC)

Available to the general public (registration required).

First-time new users need to register
Look at right column, for New User Service to Professional or Basic View and fill out information requested in First time users-Order
After registering, login under Registered User

The Basic View provides free access to:

Browsing Codification by topic
Limited print functionality
Utility to identify the location of legacy (earlier) standards.

FASB Basic View User Guide

Professional View version of FASB

The American Accounting Association (AAA) provides access to the Professional View of the FASB Codification and GARS Online to accounting faculty and students at colleges and universities worldwide through its Academic Accounting Access program.

FASB Accounting Standards are available to students through the Accounting Department. Contact your professor to get access to FASB standards. Not available through the Library.