APB opinion

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APB Opinion

An official opinion by the Accounting Principles Board on how to report a transaction. APB opinions set standards for the accounting industry and helped establish uniform practice insofar as it was possible. APB opinions have not been issued since 1973, when the APB was replaced by the Financial Accounting Standards Board. See also: FASB opinion.

APB opinion

A determination by the former Accounting Principles Board regarding the way a certain financial transaction is to be treated for reporting purposes. For example, APB Opinion 15 sets forth the ways in which convertible issues and common-stock equivalents are to be used in calculating earnings per share. In 1973 the Accounting Principles Board was superseded by the Financial Accounting Standards Board, thereby halting further APB opinions and initiating FASB Statements.
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The Company has yet to resolve the application of certain technical accounting interpretations with its prior and current auditors.
A widespread sentiment in the valuation industry is that a reporting unit with a zero or negative carrying amount should not get a "free pass" in Step 1 because of certain accounting interpretations.
A former managing partner with Ernst & Young LLP, and commissioner of California's department of financial institutions and superintendent of banking for the state, Hewitt will oversee accounting interpretations, international accounting matters, professional practice issues and lead the SEC's work on implementing the SOX internal controls provisions.
Summary of Pro Forma Results Exclude acquisition and other non-recurring charges, include full implementation of accounting interpretations on revenue recognition and impact of adoption of SFAS No.
On a pro forma basis, excluding acquisition-related and other non-recurring charges, but including, for both years, the full implementation of prior year accounting interpretations on revenue recognition, diluted earnings per share and revenues for the quarter ended Dec.
These results are on a pro forma basis excluding acquisition-related and other nonrecurring charges but including the full implementation of recent accounting interpretations on revenue recognition.
On a pro forma basis, excluding acquisition-related and other nonrecurring charges, but including the full implementation of recent accounting interpretations on revenue recognition, diluted earnings per share and revenues for the quarter ended March 31, 2001 were $0.
On a pro forma basis, excluding acquisition-related and other nonrecurring charges but including the full implementation of recent accounting interpretations on revenue recognition, earnings per share and revenues for the quarter ended March 31, 2001 are expected to be in the range of $0.
The rescheduling is necessary in order for D&PL to comply with new accounting interpretations received on December 28, 2005 related to the initial adoption of Financial Accounting Standards Board Statement No.
Additionally, today FiNetrics introduced FiNetrics AccountingSource Advisor(TM), a complementary consulting service providing FiNetrics clients ready online and telephone access to experienced accounting professionals who can give advice on accounting interpretations, regulations and best practices to support their evolving business needs.
The Company's independent auditors recently identified accounting interpretations which conclude that a seller-lessee, by not recovering substantially all construction costs, has "continuing involvement" in the property.
The company noted that it sold 45% of its interest in LearnStar in December, 1995 but, because of accounting interpretations, did not recognize approximately $3.