ASC can refer to different things depending on the context. In US accounting practices, ASC stands for Accounting Standards Codification, which is the current single source of United States Generally Accepted Accounting Principles (GAAP) maintained by the Financial Accounting Standards Board. Each ASC reference is structured as a series of four numbers separated by hyphens, representing a three-digit Topic, a two-digit Subtopic, a two-digit Section, and a two- or three-digit Paragraph.
ASC can also stand for Autistic Spectrum Condition, which is a term used to describe someone with autism. Autism is a lifelong developmental disorder that affects how a person understands other people and the world around them. People with ASC may have difficulties with communication, social interaction, and sensory processing, and may have special interests and routines.
It is important to note that ASC is not a medical diagnosis, but rather a term used by some outside the medical profession to describe someone with autism. Medical professionals use the term ASD (Autistic Spectrum Disorder) when referring to the condition.
