Question

How do I cite FASB Statement of Financial Concepts No. 6 in proper APA format? For in text and reference section of a research paper?

Answer 1

Hope you find this useful!!!

To do a cite:

FIRST, BE SURE TO CLICK RIGHT NEXT TO THE INFO YOU WANT TO CITE BEFORE YOU DO THE PROCCES.

• Click in reference on the options chart of word (where we have start, insert, page design, REFERENCES, etc.)
• Click insert cite
• Click add a new source and complete it as on the pics (sorry is in Spanish. Don´t worry, though. The blanks are on the same position in Microsoft word no matter the language.

SUGGESTION: number the blanks and fill them according to the number you gave them :)

EXAMPLE:

Assets, liabilities, and equity (net assets) describe levels or amounts of resources or claims to or interests in resources at a moment in time. All other elements describe effects of transactions and other events and circumstances that affect an entity during intervals of time (periods) (FASB, 1985)   THE CITE WILL APPEAR LIKE THIS.

To have the Bibliography, you click REFERENCES again, click on the bibliography icon and click on the first option it gives you, which is “bibliography”. Something like this will appear:

Bibliografía

FASB. (december de 1985). STATEMENT OF FINANCIAL ACCOUNTING CONCEPTS NO. 6. Recuperado el 5 de december de 2019, de FINANCIAL ACCOUNTING STANDAR BOARDS: https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1218220132802&acceptedDisclaimer=true

HERE YOU HAVE A LIST OF EXAMPLES ON HOW TO CITE FASB.

FASB Codification

Topic (XXX) - Subtopic (YY) - Section (ZZ) - Subsection (if applicable) - Paragraph (PP)
►
Leases (Topic 840) - Operating Leases (Subtopic 20) - Initial Measurement (Section 30) - Paragraph 1
►
ASC 840-20-30-1

Reference List examples:

Citing the Codification:

Financial Accounting Standards Board (FASB). (2010). Accounting standards codification. Retrieved from http://asc.fasb.org/

Citing a section of the Codification:

FASB (Financial Accounting Standards Board). (n.d.). ASC 605-50-45-1. Accounting standards codification. Retrieved from https://asc.fasb.org/section&trid=2197430​

Citing an Accounting Standards Update, Exposure Document or Other Source from the Codification:

FASB (Financial Accounting Standards Board). (2012, October 24). Accounting Standards Update (ASU) No. 2012-07. Accounting standards codification. Retrieved from http://asc.fasb.org/

In text citation example:

(FASB, ASC 605-50-45-1)

(FASB, ASU 2012-07)