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.

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 ...