Types of authoritative literature and the literature

authoritative U.S. GAAP literature.

Codification and all SEC rules and interpretative releases. While the Codification applies to all entities that report under US GAAP, SEC materials only apply to publicly-traded registrants.

Authoritative rules and principles for similar transactions.

Other material such as FASB Concepts Statements, IFRS, industry practice and textbooks.

IFRS standards and interpretations that specifically apply to a transaction, event, or condition.

Authoritative rules from IFRS for similar and related transactions.

The conceptual Framework definitions, recognition criteria, and measurement concepts for assets. liabilities, income and expenses.

Recent pronouncements of other standard-setting bodies that use a similar Conceptual Framework to develop accounting standards, other accounting literature, and accepted industry practices to the extent that they do not conflict with the sources in Levels 1 and 2.