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Technical Accounting Built on the FASB Codification

Gaapio’s research and drafting engine is grounded in a licensed FASB Codification, with every ASC topic classified into decision and treatment flowcharts. Every conclusion traces back to a paragraph you can click through and verify — across every standard your team works.

Gaapio’s research and drafting engine is built on a licensed copy of the FASB Codification, classified topic by topic. That grounding is what separates a tool that can describe ASC 606 in general terms from one that can apply it to your specific fact pattern and cite the paragraph it relied on.

Why this is the foundation, not a feature

Licensed, not scraped

FASB Codification access is licensed from the Financial Accounting Foundation and embedded directly in the research and drafting workflow — not inferred from training data or pulled from the open internet.

Classified paragraph-level

All 98 ASC topics, classified into decision and treatment flowcharts. The analysis is built from the guidance itself, not approximated from how it is discussed elsewhere.

Cited on every conclusion

Each answer carries a Codification reference you can click through and verify. The point is to make an auditor's review faster, not to ask them to take the output on faith.

Interpretive layer on top

Supplemented with licensed interpretive guidance from BDO, Deloitte, EY, KPMG, and PwC for the questions the Codification alone does not resolve.

Standards covered

Every ASC standard is grounded in the same licensed Codification. These have purpose-built workflows today:

Additional ASC topics with workflows in progress:

  • Stock Compensation — ASC 718In progress
  • Hedge Accounting — ASC 815In progress
  • Income Taxes — ASC 740In progress

Frequently asked questions

The FASB Accounting Standards Codification is the single authoritative source of U.S. GAAP for nongovernmental entities, published and maintained by the Financial Accounting Standards Board. It organizes guidance by topic — the ASC numbering, such as ASC 606 and ASC 842 — rather than by the historical standard that introduced it. SEC registrants also follow SEC rules and interpretive guidance, such as Regulation S-X and Staff Accounting Bulletins.

See it on a standard your team works

Pick the ASC topic that causes the most rework in your close. We'll walk the analysis with you, cited back to the Codification.

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Related

References: FASB Accounting Standards Codification. This page is general information, not accounting advice for a specific entity.

Written and maintained by the Gaapio team of CPAs.