The Financial Accounting Standards Board (FASB) codification is a compilation of all GAAP in one place. Its primary purpose is to integrate as well synthesize the existing GAAPs and not to create new GAAP for it creates one level of GAAP which is considered authoritative. Codification research System (CSR) on the other hand is an online and real-time based database that usually provides easy access to codification.
Work Step by Step
Additionally, The codification and the related CRS provide a typically organized structure which is subdivided into topics, subtopics, paragraphs and sections using a numerical index system.