NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Foundation (FAF) today announced that the Financial Accounting Standards Board’s FASB Accounting Standards Codification® (FASB Codification) has been enabled for use on tablet devices. The FASB Codification contains authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities, including public and private companies and not-for-profit organizations.
FASB Codification subscribers can access the new tablet view through iOS (iPad) and Android-based devices at https://asc.fasb.org. After user login, the system will automatically recognize the user’s device and display the optimized view. The tablet feature is available for both Professional and Basic Views.
Upon accessing the tablet view, on-screen pop-up instructions guide the user to add a link icon (bookmark) to the device’s home screen. Additional detail is available on the “Tablet Usage” page of the Codification Help section.
The FAF plans to announce the availability of a tablet view for the Governmental Accounting Standards Board’s GASB Governmental Accounting Research System® (GARS Online) in the coming weeks.
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.
About the Financial Accounting Standards Board
Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.