License Agreement
(updated as of 11.5.24 ) ®
®
CAREFULLY READ THE FOLLOWING LICENSE AGREEMENT ("AGREEMENT").
In order to access the FASB Codification website, you need to agree to the
THE CODIFICATION (ASC) AND/OR GARS (IN EACH CASE, ASterms
latest DEFINED
and BELOW) ARE BEING MADE AVAILABLE TO YOU SOLELY FOR YOUR PERSONAL USE IN ACCORDANCE WITH THE
conditions.
TERMS HEREOF AND NOT FOR SALE, DISTRIBUTION OR COMMERCIAL EXPLOITATION. NEITHER THE CODIFICATION NOR GARS IS BEING SOLD TO YOU AND YOU DO NOT ACQUIRE ANY
RIGHTS IN OR TO IT OUTSIDE OF THE LICENSE RIGHTS EXPRESSLY
Please GRANTED
read these terms BY
andTHIS AGREEMENT.
conditions IF YOU
carefully and ARE
thenNOT WILLING
accept the TO ACCEPT THE TERMS OF THIS AGREEMENT, YOU MAY
NOT ACCESS THE CODIFICATION OR GARS (AS HEREINAFTER DEFINED) OR USE IT IN ANY WAY. PLEASE CONTACT [email protected] IF YOU SEEK TO USE THE CODIFICATION OR
agreement.
GARS, OR ANY PORTION THEREOF, FOR ANY USES OTHER THAN PERSONAL USE, INCLUDING ANY SALE, DISTRIBUTION, OR COMMERCIAL EXPLOITATION.
hat You Get
YOU HAVE READ AND UNDERSTAND
Welcome to the FASB
TO ACCEPT THESE TERMS AND CONDITIONS AND ACKNOWLEDGE THAT
Financial Accounting Foundation
THE SAME, PLEASE CLICK THE ‘I
nt display based on user profile
ACCEPT” BUTTON. Accounting Standards Codification
License Agreement
This document, as the same may be amended or modified from time to time by the Financial Accounting Foundation ("FAF") and posted on the Codification and GARS
websites at asc.fasb.org and gars.gasb.org, respectively, is an agreement (“By Print
Agreementthis page
”)on
between youbelow,
(the natural person,tobusiness entity, governmental body, educational
clicking Access you agree our terms and conditions.
tedinstitution,
excerpts or other for-profit or not-for profit organization) (“You” or, as the text requires, “Your”), who is agreeing to these terms in exchange for access to the Codification
ccess legacy
and/or GARSstandards
(in each case, as hereinafter defined), and the FAF, Do you agreeofwith
the owner these terms
the Codification andand conditions?
GARS.
lity for viewing source references
1. Definitions
of the content
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finitions (a) “ASC” or “Codification” means the FASB Accounting Standards Codification® electronic research system developed
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Standards Board of the FAF (the “FASB”) which houses, reorganizes, NOT
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accounting standards and related literature, as the same may be
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amended from time to time in the sole discretion of the FAF and/or the FASB, and as is made available under this Agreement.
ted to a specific paragraph
(b) “GARS” means the Governmental Accounting Research System® developed and released Accessby the Governmental Accounting Standards Board of the FAF (the
"GASB") which houses, reorganizes, and indexes: (i) Original Pronouncements—Governmental Accounting and Financial Reporting Standards (the "Original Pronouncements"),
including GASB Statements, Concepts Statements, Technical Bulletins, Implementation Guides, Interpretations, and Suggested Guidelines for Voluntary Reporting, with
this VIDEO.
National Council of Governmental Accounting (NCGA) pronouncements and selected American Institute of Certified Public Accountants (AICPA) materials; (ii) Codification of
Governmental Accounting Standards and Financial Reporting Standards, an integration of currently effective accounting and reporting standards for state and local
governments, topically organized within five parts—General Principles, FinancialFor Personal
Reporting, and Non-Commercial
Measurement, UseSheet and Operating Statement Items, and Stand-
Specific Balance
alone Reporting—Specialized Units and Activities; and (iii) Comprehensive Implementation Guide—Questions and Answers, a compilation of questions and answers and
For additional
illustrative material developed to assist financial statement preparers and attestors info aboutand
in the implementation theapplication
FASB ASC, ContactGASB
of selected FASBpronouncements.
Support. In each case,
as the same may be amended from time to time in the sole discretion of the FAF and/or the GASB, and as is made available under this Agreement.
(c) “Intellectual Property” means, for any person or entity, content, patents (including patent applications), know-how, trademarks, trade names, service marks, domain
names, trade dress, logos or other identifying indicia, trade secrets, copyrights and copyrighted materials, software, confidential information, systems, technology, supplier
data, and access to any other intellectual property owned or controlled by, or licensed to, such person or entity.
2. License Grant. For the duration of the Term (as hereinafter defined), provided that You are not in breach of any term or condition of this Agreement, the FAF hereby grants to
You, and You hereby accept, subject to the terms and conditions of this Agreement, a non-exclusive, non-transferable and non-assignable license - without the right to, in
whole or part, sublicense, copy, sell, distribute, commercially exploit, or redistribute (in whole or part) - to access the Codification and/or GARS for personal uses only;
provided, however that FAF shall have the right to terminate Your access to the Codification and GARS at any time without notice. The Codification and GARS may only reside
on the hosted environment of FAF. Accordingly, no physical media containing the Codification or GARS shall be provided to You, nor shall you be permitted to transfer the
Codification or GARS in whole or part, from the FAF hosted environment. You shall have no right to: (1) electronically copy or reproduce the Codification or GARS or any portion
thereof in any physical or electronic storage device, including without limitation, alternate environments, flash drives, hard drives or network servers, or (2) repurpose all or any
portion of the Codification or GARS or any derivate work thereof in any physical, electronic or machine readable form for any purpose. The foregoing license grant is personal
to You and shall not include any affiliates, subsidiaries, designees, or other related or representative parties of You. Except for such rights expressly granted to You herein, no
license, right, title, or interest in or to the Codification or GARS (or any portion thereof) or any other Intellectual Property of the FAF is granted to You or any other person or
entity, either expressly or by implication, estoppel, or otherwise. You are solely responsible for enabling Your own access to the website(s) on which the FAF elects to make the
Codification or GARS available.
From time to time, FAF may, and reserves the right to, modify, augment, segment, reformat, reconfigure, or otherwise alter the Codification and GARS (any of the foregoing, to
the extent not qualifying as an Upgrade, an “Update”). In FAF’s sole discretion, Updates may replace any component of the Codification or GARS, including the nature, format,
and extent of any element to be delivered as part of the Codification or GARS, in accordance with FAF’s policies as the same may exist from time to time. Updates exclude any
new version of the Codification or GARS that FAF makes available as a separately priced item, such as releases that include significant function or feature enhancements.
3. Certain Restrictions on Use.
(a) Except as expressly permitted by this Agreement or applicable law, You shall not and shall not attempt to, and shall not permit any third party to or attempt to: (a)
permit any person, other than You, to use or access the Codification or GARS except under the terms set forth herein, (b) copy, decompile, reverse engineer, disassemble,
modify, or create any derivative work of any part of the Codification or GARS; (c) display or distribute the content or any portion of the Codification or GARS in a physical
format, or on a website, blog, or other digital format, (d) alter, remove, or obscure any copyright or other proprietary or legal notice on or in the Codification or GARS; (e) use
the name, logos, or other trademarks of the FAF or any of its standard setting boards (including the FASB and the GASB)) without the FAF’s prior written consent; (f) sell, resell,
license, sublicense, loan, assign, furnish, or redistribute any portion of the Codification or GARS to any other person, firm, corporation, or entity, whether as source content or
as part of an integrated work, to any third party; (g) make the Codification or GARS available over a network, whether or not available as an application service provider for a
third party’s use; (h) use the Codification or GARS in any service bureau or time sharing arrangement; (i) use the Codification or GARS for any illegal purposes; (j) or use the
Codification or GARS for commercial purposes, or (k) use and access the Codification or GARS in a manner other than as a limited, individual user, including, but not limited
to, frequency of access, printing, and similar actions. You agree not to use or launch any automated system, including without limitation, “robots,” “spiders,” “offline readers,”
etc., or any similar or equivalent manual process, to access, index, acquire, copy, monitor, or provide search results or links to any portion of the Codification or GARS or the
respective websites on which it is made available, or in any way reproduce or circumvent the structure or presentation of the Codification or GARS or the respective websites
on which it is made available, or to obtain or attempt to obtain any materials, documents or information through any means that are not otherwise purposely made available
through such website. Instructional guides and materials, if provided, are done so solely to support Your authorized use of the Codification and GARS. These restrictions shall
apply to the Codification and GARS and any all content linked or otherwise related or integrated to and with the Codification or GARS (“Related Content”).
(b) Artificial Intelligence. You are expressly prohibited from using any portion of the Codification or GARS or our other Intellectual Property or materials (including that
of third parties which have licensed to FAF the right to redistribute or sublicense any materials (“Third-Party Content”)):
(i) in connection with any artificial intelligence or machine learning technology, platform, or other system, or large language models (LLMs) and related algorithms,
License Agreement
(updated as of 11.5.24 ) ®
®
CAREFULLY READ THE FOLLOWING LICENSE AGREEMENT ("AGREEMENT").
In order to access the FASB Codification website, you need to agree to the
THE CODIFICATION (ASC) AND/OR GARS (IN EACH CASE, ASterms
latest DEFINED
and BELOW) ARE BEING MADE AVAILABLE TO YOU SOLELY FOR YOUR PERSONAL USE IN ACCORDANCE WITH THE
conditions.
TERMS HEREOF AND NOT FOR SALE, DISTRIBUTION OR COMMERCIAL EXPLOITATION. NEITHER THE CODIFICATION NOR GARS IS BEING SOLD TO YOU AND YOU DO NOT ACQUIRE ANY
RIGHTS IN OR TO IT OUTSIDE OF THE LICENSE RIGHTS EXPRESSLY
Please GRANTED
read these terms BY
andTHIS AGREEMENT.
conditions IF YOU
carefully and ARE
thenNOT WILLING
accept the TO ACCEPT THE TERMS OF THIS AGREEMENT, YOU MAY
NOT ACCESS THE CODIFICATION OR GARS (AS HEREINAFTER DEFINED) OR USE IT IN ANY WAY. PLEASE CONTACT [email protected] IF YOU SEEK TO USE THE CODIFICATION OR
agreement.
GARS, OR ANY PORTION THEREOF, FOR ANY USES OTHER THAN PERSONAL USE, INCLUDING ANY SALE, DISTRIBUTION, OR COMMERCIAL EXPLOITATION.
TO ACCEPT THESE TERMS AND CONDITIONS AND ACKNOWLEDGE THAT
Financial
YOU HAVE READ AND Accounting
UNDERSTAND Foundation
THE SAME, PLEASE CLICK THE ‘I
ACCEPT” BUTTON.
License Agreement
This document, as the same may be amended or modified from time to time by the Financial Accounting Foundation ("FAF") and posted on the Codification and GARS
websites at asc.fasb.org and gars.gasb.org, respectively, is an agreement (“Agreement”) between you (the natural person, business entity, governmental body, educational
institution, or other for-profit or not-for profit organization) (“You” or, as the text requires, “Your”), who is agreeing to these terms in exchange for access to the Codification
and/or GARS (in each case, as hereinafter defined), and the FAF, Do you agreeofwith
the owner these terms
the Codification andand conditions?
GARS.
1. Definitions
(a) “ASC” or “Codification” means the FASB Accounting Standards Codification® electronic research system developed and released by the Financial Accounting
Standards Board of the FAF (the “FASB”) which houses, reorganizes, and indexes United States financial accounting standards and related literature, as the same may be
amended from time to time in the sole discretion of the FAF and/or the FASB, and as is made available under this Agreement.
(b) “GARS” means the Governmental Accounting Research System® developed and released by the Governmental Accounting Standards Board of the FAF (the
"GASB") which houses, reorganizes, and indexes: (i) Original Pronouncements—Governmental Accounting and Financial Reporting Standards (the "Original Pronouncements"),
including GASB Statements, Concepts Statements, Technical Bulletins, Implementation Guides, Interpretations, and Suggested Guidelines for Voluntary Reporting, with
National Council of Governmental Accounting (NCGA) pronouncements and selected American Institute of Certified Public Accountants (AICPA) materials; (ii) Codification of
Governmental Accounting Standards and Financial Reporting Standards, an integration of currently effective accounting and reporting standards for state and local
governments, topically organized within five parts—General Principles, Financial Reporting, Measurement, Specific Balance Sheet and Operating Statement Items, and Stand-
alone Reporting—Specialized Units and Activities; and (iii) Comprehensive Implementation Guide—Questions and Answers, a compilation of questions and answers and
illustrative material developed to assist financial statement preparers and attestors in the implementation and application of selected GASB pronouncements. In each case,
as the same may be amended from time to time in the sole discretion of the FAF and/or the GASB, and as is made available under this Agreement.
(c) “Intellectual Property” means, for any person or entity, content, patents (including patent applications), know-how, trademarks, trade names, service marks, domain
names, trade dress, logos or other identifying indicia, trade secrets, copyrights and copyrighted materials, software, confidential information, systems, technology, supplier
data, and access to any other intellectual property owned or controlled by, or licensed to, such person or entity.
2. License Grant. For the duration of the Term (as hereinafter defined), provided that You are not in breach of any term or condition of this Agreement, the FAF hereby grants to
You, and You hereby accept, subject to the terms and conditions of this Agreement, a non-exclusive, non-transferable and non-assignable license - without the right to, in
whole or part, sublicense, copy, sell, distribute, commercially exploit, or redistribute (in whole or part) - to access the Codification and/or GARS for personal uses only;
provided, however that FAF shall have the right to terminate Your access to the Codification and GARS at any time without notice. The Codification and GARS may only reside
on the hosted environment of FAF. Accordingly, no physical media containing the Codification or GARS shall be provided to You, nor shall you be permitted to transfer the
Codification or GARS in whole or part, from the FAF hosted environment. You shall have no right to: (1) electronically copy or reproduce the Codification or GARS or any portion
thereof in any physical or electronic storage device, including without limitation, alternate environments, flash drives, hard drives or network servers, or (2) repurpose all or any
portion of the Codification or GARS or any derivate work thereof in any physical, electronic or machine readable form for any purpose. The foregoing license grant is personal
to You and shall not include any affiliates, subsidiaries, designees, or other related or representative parties of You. Except for such rights expressly granted to You herein, no
license, right, title, or interest in or to the Codification or GARS (or any portion thereof) or any other Intellectual Property of the FAF is granted to You or any other person or
entity, either expressly or by implication, estoppel, or otherwise. You are solely responsible for enabling Your own access to the website(s) on which the FAF elects to make the
Codification or GARS available.
From time to time, FAF may, and reserves the right to, modify, augment, segment, reformat, reconfigure, or otherwise alter the Codification and GARS (any of the foregoing, to
the extent not qualifying as an Upgrade, an “Update”). In FAF’s sole discretion, Updates may replace any component of the Codification or GARS, including the nature, format,
and extent of any element to be delivered as part of the Codification or GARS, in accordance with FAF’s policies as the same may exist from time to time. Updates exclude any
new version of the Codification or GARS that FAF makes available as a separately priced item, such as releases that include significant function or feature enhancements.
3. Certain Restrictions on Use.
(a) Except as expressly permitted by this Agreement or applicable law, You shall not and shall not attempt to, and shall not permit any third party to or attempt to: (a)
permit any person, other than You, to use or access the Codification or GARS except under the terms set forth herein, (b) copy, decompile, reverse engineer, disassemble,
modify, or create any derivative work of any part of the Codification or GARS; (c) display or distribute the content or any portion of the Codification or GARS in a physical
format, or on a website, blog, or other digital format, (d) alter, remove, or obscure any copyright or other proprietary or legal notice on or in the Codification or GARS; (e) use
the name, logos, or other trademarks of the FAF or any of its standard setting boards (including the FASB and the GASB)) without the FAF’s prior written consent; (f) sell, resell,
license, sublicense, loan, assign, furnish, or redistribute any portion of the Codification or GARS to any other person, firm, corporation, or entity, whether as source content or
as part of an integrated work, to any third party; (g) make the Codification or GARS available over a network, whether or not available as an application service provider for a
third party’s use; (h) use the Codification or GARS in any service bureau or time sharing arrangement; (i) use the Codification or GARS for any illegal purposes; (j) or use the
Codification or GARS for commercial purposes, or (k) use and access the Codification or GARS in a manner other than as a limited, individual user, including, but not limited
to, frequency of access, printing, and similar actions. You agree not to use or launch any automated system, including without limitation, “robots,” “spiders,” “offline readers,”
etc., or any similar or equivalent manual process, to access, index, acquire, copy, monitor, or provide search results or links to any portion of the Codification or GARS or the
respective websites on which it is made available, or in any way reproduce or circumvent the structure or presentation of the Codification or GARS or the respective websites
on which it is made available, or to obtain or attempt to obtain any materials, documents or information through any means that are not otherwise purposely made available
through such website. Instructional guides and materials, if provided, are done so solely to support Your authorized use of the Codification and GARS. These restrictions shall
apply to the Codification and GARS and any all content linked or otherwise related or integrated to and with the Codification or GARS (“Related Content”).
(b) Artificial Intelligence. You are expressly prohibited from using any portion of the Codification or GARS or our other Intellectual Property or materials (including that
of third parties which have licensed to FAF the right to redistribute or sublicense any materials (“Third-Party Content”)):
(i) in connection with any artificial intelligence or machine learning technology, platform, or other system, or large language models (LLMs) and related algorithms,
