Definition of Accounting Standards Codification. ... The Financial Accounting Standards Board, FASB, is a private, ... What FASB calls the "basic view" of the codification is free to the public.

Non-Profit Accounting Definitions. Non-profit organizations are not in business to make a profit. ... such as food for the homeless or basic reading classes for disadvantaged adults.

Statutory Accounting Principles (SAP) are a set of special accounting rules for the insurance industry. Learn how these rules differ from other accounting principles.

According to the Financial Accounting Standards Board’s (FASB) recently issued “Accounting Standards Update 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business ...