Did the Codification supersede everything? So is FAS 116/117 referred to differently now? So confused.

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It's been this way for almost a decade now...

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Yes. No more FAS, only ASC.

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So how do I reference it (specifically FAS 116/117) when talking about it? I'm having an oddly hard time figuring out the area-topic-subtopics reference for it

You reference whatever the ASC is...

The aicpa NFP audit and accounting guide is where most of the information is though about what to actually do. It's not that clear (to me at least) how that correlates to the Codification in terms of specific ASC references.

People still refer to the FASs though. In industry at least. When we prepare accounting memos it still refers to the basis for conclusions in the original FASs, and the controller still refers to a lot of the topics by their original FAS number

You need to look at whatever section of ASC your accounting topic is (e.g., ASC 470 for debt). You then look under the scope section to see if the guidance is applicable to all entities or if NFPs are excluded.

And thus the confusion. FAS 116 talks about temp perm and unrestricted and I see no direct correlation to an ASC number in google searches or looking through the Codification. The only place it comes up in depth the AICPA NFP audit and accounting (chapter 16 of that guide if my memory serves me correctly).

Then reference that or ask your manager/partner. NFP stuff is so specific and most people never work with NFPs, so likely you'll need to ask someone that deals specifically with NFPs. The AICPA guide doesn't give reference to the guidance at all?

Holy shit are you some kind of idiot? You need to go back to school and get a refund. It's been like 10 years under the codification.

Check in the ASC 958 section.

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