Author Description

The FASB Current Text is a topical integration of currently effective accounting and reporting standards. It features material from FASB Statements of Financial Accounting Standards and Interpretations, AICPA Accounting Research Bulletins and APB Opinions. Volume I: General Standards contains those standards that are generally applicable to all enterprises. Volume II: Industry Standards contains specialized standards that are applicable to not–for–profit organizations and enterprises operating in specific industries. Each year these manuals are updated to reflect changes in standards.