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FASB Accounting Standards Codification Topic 235, Notes to Financial Statements

Authoritative US GAAP starting point for significant accounting policy disclosures and the role of notes in a reporting package.

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Topic 235 as accessed 2026-08-07
Relevant parts
Topic 235, Notes to Financial Statements
Currency
current · checked Aug 7, 2026

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Topic 235 addresses notes to financial statements, including significant accounting policies. A policy explanation should identify methods actually used to prepare the statements. For example, naming an inventory cost method tells the reader more than saying that the company follows accounting standards.

Use the current Codification to check the applicable requirements. Other Topics can require transaction-specific disclosures in addition to the general policy explanation.