#cfa-level-1 #fra-introduction

In 2009, the US Financial Accounting Standards Board (FASB) released the FASB Accounting Standards Codification™. The Codification is the single source of authoritative nongovernmental US generally accepted accounting principles (US GAAP) effective for period endings after 15 September 2009. The Codification supersedes all previous US GAAP standards. We have attempted to update the readings to reference or cross-reference the Codification as appropriate. Candidates are responsible for the content of accounting standards as addressed in the readings, not for the actual reference numbers.


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