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From Lorman Education Services
Understanding the GAAP Codification Update
...FASB Codification began on July 1, 2009, on that date the codification became the official single source of authoritative nongovernmental U.S. GAAP. The codification will be effective for interim and annual periods ending after September 15, 2009. The codification will supersede existing FASB, AICPA, EITF and related literature, which means there will no longer be a GAAP hierarchy. Instead,
more...
Understanding the GAAP Codification Update
...FASB Codification began on July 1, 2009, on that date the codification became the official single source of authoritative nongovernmental U.S. GAAP. The codification will be effective for interim and annual periods ending after September 15, 2009. The codification will supersede existing FASB, AICPA, EITF and related literature, which means there will no longer be a GAAP hierarchy. Instead,
more...
