Instructor for this course

This course provides a step-by-step guide for learning and mastering navigation of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC), the single source of authoritative U.S. Generally Accepted Accounting Principles (GAAP) for nongovernmental entities.

Prior to 2009, U.S. GAAP was comprised of a complex hierarchy of standards issued by a variety of standard setting bodies.  In order to both reduce complexity and to set the stage for international standards convergence projects, in 2009, the FASB completely overhauled and redesigned the source and organization of U.S. GAAP standards by issuing its final Statement on Financial Accounting Standards (SFAS) No.168, The FASB Accounting Standards CodificationTM and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162. Thereafter, all U.S. GAAP standards were regrouped into nine distinct subject areas comprised of logical topics with consistent subtopics and sections. 

This course consists of a full walkthrough of the FASB ASC website with an in-depth discussion of how the standards are organized in order to provide a pathway for mastering navigation of the FASB ASC site content. Any accounting and finance professionals with a need to understand and/or research U.S. GAAP for nongovernmental entities will strongly benefit from learning how to navigate the Codification website through this course.

Learning Objectives

  • Explore the hierarchy of authoritative content on the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) website
  • Recognize the nine subject areas of the Codification
  • Discover FASB ASC search tips and techniques
  • Identify the process for updating the Codification
Last updated/reviewed: March 19, 2018

10 Reviews (18 ratings)Reviews

Member's Profile
I really enjoy the clear and concise way in which the information was presented. It was well presented with good examples and helpful hints. It is a course to help beginners learn about the codifications or a refresher course for those that do not use the system as regularly as others.
Member's Profile
I thought this was a great course on becoming familiar and getting to navigate on the FASB website. I would highly recommend to anyone looking to obtain more knowledge and skill in this area.
Member's Profile
This was helpful. It's hard to follow along if you don't have an online account. I thought the course might review the codification instead of how to use the website.
Member's Profile
Very nice walkthrough of the codification system. Wish I had a professional account to work with.
Member's Profile
Nice overall picture of how to navigate the ASC and helpful for people at all levels
Anonymous Author
Very helpful course for understanding navigation of FASB.
Member's Profile
Questions in exam are not really presented in course.
Member's Profile
Excellent presentation style, very useful content.
Member's Profile
Helpful, informative, and good quality instructor.
Member's Profile
Very informative


Course Complexity: Foundational

It is recommended that you sign up for an account on the FASB ASC website ( so that you will have the opportunity to follow along as you learn. The FASB ASC Basic View is free of charge.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  3:15Introduction to a Comprehensive Walkthrough of the FASB Accounting Standards Codification
  4:47An Overview of the Codification's Origins and Purpose
  10:49Getting Started / Exploring the Homepage
  7:43ASC Hierarchy: How the Standards are Organized
  7:48Navigation Essentials
  10:44Advanced Searching Techniques
  9:08Codification Updates, Pending Content and Transition Guidance
  54:15A Comprehensive Walkthrough of the FASB Accounting Standards Codification
  PDFSlides: A Comprehensive Walkthrough of the FASB Accounting Standards Codification (ASC)
  PDFA Comprehensive Walkthrough of the FASB Accounting Standards Codification (ASC) Glossary/Index