In accounting, what does ASC stand for?

Sutton Velasquez April 01, 2024
5
By Cade Rhodes June 28, 2024

In accounting, ASC stands for "Accounting Standards Codification." It is a comprehensive set of guidelines and rules issued by the Financial Accounting Standards Board (FASB) in the United States. ASC provides a single source of authoritative nongovernmental accounting principles that companies must follow when preparing financial statements. It organizes accounting standards into a consistent framework, simplifying how businesses interpret and apply accounting rules.

5
4
Comment

What am I worth?

Search For Jobs

In accounting, what does ASC stand for?
In accounting, what does ASC stand for?