Current Text

The "2005 FASB Accounting Standards" publications give accounting professionals and financial executives a complete source of the current authoritative accounting pronouncements, issued by the FASB and its predecessors. "The 2005 Original Pronouncements" contains the FASB and AICPA pronouncements in three volumes: "Original Pronouncements: Volume I - FASB Statements 1-120 (0-471-73791-7)", "Original Pronouncements: Volume II - FASB Statements 121-154 (0-471-73791-7)" and "Original Pronouncements: Volume III - AICPA Pronouncements and FASB Interpretations, Technical Bulletins, FASB Staff Positions, and Concepts Statements (0-471-73791-7)." All Pronouncements amended by subsequent pronouncements reflect those amendments.

It includes all current FASB Staff Positions. Status pages before each pronouncement identify sources of changes and other pronouncements affected by that pronouncement.

This title contains completely superseded pronouncements that may no longer be applied are omitted, and status pages are retained for these omitted pronouncements. EITF Issues and AICPA Accounting Standards Executive committee (AcSEC) Statements of Position and Practice Bulletins are cross-referenced on applicable status pages.

Separate appendixes identify amended paragraphs, effective dates for all pronouncements, and topics discussed by the FASB Emerging Issues Takes Force (EITF).

Volume III contains the appendixes and a topical index to material in the "Original Pronouncements and Current Text" volumes.

It also deals with EITF issues, and the FASB's question-and-answers Special Reports, and FASB Staff Positions. "The 2005 Current Text" is an integration of financial accounting and reporting standards arranged by topic for General and Industry Standards and includes all currently effective (as of June 1, 2005) FASB Statements, Interpretations, and Technical Bulletins and AICPA APB Opinions, Interpretations, and Accounting Research Bulletins in two volumes: "Current Text Volume I - General Standards - Sections A06 to N35 (0-471-73789-5), and "Current Text: Volume II: General Standards - Sections P16 to V18 and Industry Standards (0-471-73789-5)".

This title is arranged alphabetically by topics for easy reference. EITF Issues are listed by topic and where applicable linked to specific paragraphs.

AICPA AcSEC Statements of Position and Practice Bulletins are listed by topic where applicable.

FASB's questions-and-answer Special Reports and FASB Staff Positions are included by topic.

It links "Current Text" paragraphs to the "Original Pronouncements" in a Volume II appendix.

It also contains the appendixes and topical index as described above for Volume III of "Original Pronouncements".