The FASB recently released information regarding its pricing structure for access to its codification of accounting rules. I was very pleased to see that the FASB offers a FREE tier of service that allows basic access along with a limited selection of features. These basis features include the ability to browse and print topics as well as identify locations of legacy standards. Sign up is easy. Just provide some basic personal information and setup a login and password for access.
For those that want and can afford some nice bells and whistles, the FASB offers a yearly subscription program called the “Professional View” priced at $850 per individual. For this charge, the user acquires enhanced navigation and printing capabilities. A very useful feature, among other features offerred, includes the ability to keep personal notes about selected content.
As with most purchases in life, the more you buy, the lower the price. FASB is no different. Tiered pricing is offered for concurrent multiple users. For example, if 49 associated individuals sign up, the pricing drops to $510 per user (there are multiple tiers from 2 to 49 users). FASB offers even better pricing for 50+ users, but the discount is not disclosed on their website. FASB recommends one person purchase the licenses for the group and then serve as a point of contact.
A very important distinction to be made when considering purchasing multiple liceneses is the concept of “concurrent multiple user”. This is defined as the number of individuals that can access the website at any one time. FASB allows the addition of 9 registered individuals per concurrent license purchased at no additional charge. Therefore, if is makes sense for a business to determine how often individuals need to access system at a given point in time to determine how many concurrent licenses should be purchased. By having users stagger usage, fewer user licenses need to be purchased.
For those in academia, FASB allows FREE enhanced access for students and faculty after the institution pays a $150 fee.
My recommendation: First utilize the free access option to determine if it adequately meets your needs. If the additional features are attractive to you, determine how many concurrent users will be needed and then purchases together to take advantage of lower pricing tiers.
For those that want and can afford some nice bells and whistles, the FASB offers a yearly subscription program called the “Professional View” priced at $850 per individual. For this charge, the user acquires enhanced navigation and printing capabilities. A very useful feature, among other features offerred, includes the ability to keep personal notes about selected content.
As with most purchases in life, the more you buy, the lower the price. FASB is no different. Tiered pricing is offered for concurrent multiple users. For example, if 49 associated individuals sign up, the pricing drops to $510 per user (there are multiple tiers from 2 to 49 users). FASB offers even better pricing for 50+ users, but the discount is not disclosed on their website. FASB recommends one person purchase the licenses for the group and then serve as a point of contact.
A very important distinction to be made when considering purchasing multiple liceneses is the concept of “concurrent multiple user”. This is defined as the number of individuals that can access the website at any one time. FASB allows the addition of 9 registered individuals per concurrent license purchased at no additional charge. Therefore, if is makes sense for a business to determine how often individuals need to access system at a given point in time to determine how many concurrent licenses should be purchased. By having users stagger usage, fewer user licenses need to be purchased.
For those in academia, FASB allows FREE enhanced access for students and faculty after the institution pays a $150 fee.
My recommendation: First utilize the free access option to determine if it adequately meets your needs. If the additional features are attractive to you, determine how many concurrent users will be needed and then purchases together to take advantage of lower pricing tiers.
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