FASB Explains Free and Subscription Access to Codification

 The Financial Accounting Standards Board has stated its terms for access to advanced research functionality for the new accounting rule book that takes effect July 1.

FASB will offer free access to a basic view of the Accounting Standards Codification, which is about to become the new, sole authoritative source for Generally Accepted Accounting Principles. The basic view will provide access to the Codification homepage, with all accounting guidance from all authoritative sources organized by topic, including relevant guidance from the Securities and Exchange Commission.

 The basic view will facilitate a means to relate the topically organized guidance with the original accounting standard that made it part of GAAP. It also will provide some basic functionality to print accounting standards.