Course Information

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Codification and the New GAAP Hierarchy: FAS 168
Author: CCH Editorial Staff

Description:
Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles-a replacement of FASB Statement No. 162. The FASB decided to make FAS 168 effective for interim or annual reporting periods ending after September 15, 2009.

At that time, the Codification supersedes all then-existing non-SEC accounting and reporting standards. All other non-grandfathered, non-SEC accounting literature not included in the Codification is nonauthoritative.

This course discusses the purpose of FAS 168 and the rules of the Statement.

Course Details:
Price:  $16.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Basic
CTEC course number:  None
Course was last updated on:  08/26/2009
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Library:
Accounting and Audit

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 1.00 CPE
National Registry Interactive 1.00 CPE
QAS 1.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.