How to Reference FASB Codification

by Alec Preble; Updated September 26, 2017

The Financial Accounting Standards Board, or FASB, is the leading source of generally accepted accounting principles. The FASB is an independent rule-making agency and issues Statements of Financial Accounting Standards regarding financial reporting objectives, elements to be included in financial statements and desired characteristics of accounting information. The FASB maintains an Accounting Standards Codification, also called the ASC, which is frequently referenced by accountants, lawyers and students. It is updated periodically and contains topics, subtopics, sections and paragraphs that can be individually referenced using the proper citations.

Step 1

Reference a Financial Accounting Standards Board topic using the following format: FASB ASC 111, in which the number sequence represents the topic number.

Step 2

Reference a Financial Accounting Standards Board subtopic using the following format: FASB ASC 111-01, in which the numbers following the topic sequence represent the subtopic number.

Step 3

Reference a Financial Accounting Standards Board section using the following format: FASB ASC 111-01-21, in which the numbers following the subtopic sequence represent the section number.

Step 4

Reference a Financial Accounting Standards Board paragraph using the following format: FASB ASC 111-01-21-1, in which the numbers following the section number represent the paragraph number.

About the Author

Alec Preble began writing professionally in 2007. He began blogging in 2006, writing media reviews for the "Post-Standard" from 2007-2008. Preble received a Bachelor of Arts in English from Empire State College in 2005.