Full Text FASB Statements Now Available For Free

The Financial Accounting Standards Board has brought a midsummer's gift to the accounting profession. The status, summary, and full text of all statements are now available online, and free of charge.

For years, practitioners, educators and students have grumbled about the lack of free access to the rules and regulations governing the profession they are serving. FASB has responded accordingly.

All statements are presented in PDF format, requiring the reader to have Adobe Acrobat 5.0 or higher installed on his or her computer. According to the FASB Web site, "FASB Statements are presented as originally issued. There is no shading or sidebars to indicate amendments made by subsequent pronouncements. FASB Statements that are completely superseded are noted as such on the title page. In order to determine which, if any, provisions of a particular FASB Statement have been changed, you must access the “Status” link located with each Statement."

To access the documents, go to the FASB Web site and click on FASB Statements, or click on the link to www.fasb.org/st.

You may like these other stories...

IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
Credit Suisse says pension assets at risk unless court delays sentencingJohn Letzing of the Wall Street Journal reported on Wednesday that Credit Suisse Group AG says its management of billions of dollars in assets for...
The prospect of International Financial Reporting Standards (IFRS) being fully adopted in the United States in the near future are growing less likely, as the Financial Accounting Standards Board (FASB) and the International...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.