Accounting Principles Board


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Accounting Principles Board

A committee of the American Institute of Certified Public Accountants that advised on and set standards for financial record keeping. It was dissolved in 1973 and replaced by the Financial Accounting Standards Board.

Accounting Principles Board (APB)

A group of accountants appointed by the American Institute of Certified Public Accountants to determine accounting principles for financial record keeping. The APB was terminated in 1973 with the founding of the Financial Accounting Standards Board.
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Accounting Principles Board, 1971, Accounting Changes, Accounting Principles Board Opinion No.
If losses are expected from the discontinuance of a business segment, the estimated loss is recognized for financial reporting purposes at the measurement date in accordance with Accounting Principles Board Opinion No.
WHEREAS: In 1959 the Council designated the Accounting Principles Board to establish accounting principles, and
Companies can elect to continue following Accounting Principles Board (APB) Opinion No.
If you decide not to recognize compensation cost by adopting that method, you'll need to continue applying the provisions of Accounting Principles Board Opinion 25, "Accounting for Stock Issued to Employees.
As previously communicated on February 1, 2007, the Nominating and Corporate Governance Committee of the Company's Board of Directors (the "Governance Committee") review found that in certain instances all actions that establish a measurement date under the requirements of Accounting Principles Board No.
123, Accounting for Stock-Based Compensation, and Accounting Principles Board Opinion no.
Statements and Interpretations of the Financial Accounting Standards Board (FASB), Opinions of the Accounting Principles Board (APB) and Accounting Research Bulletins of the American Institute of Certified Public Accountants (AICPA).
Many of the criticisms that were leveled at the FASB's predecessor, the Accounting Principles Board, have been addressed.
These non-cash charges not previously recorded in the Company's financial statements during the applicable periods are primarily the result of instances where the Company has determined the actual accounting measurement dates for certain past stock option grants differed from the measurement dates previously used in accounting for such grants pursuant to the requirements of Accounting Principles Board Opinion No.
Based upon the Committee's findings, the Company has concluded that it incorrectly applied the measurement date, as defined in Accounting Principles Board Opinion No.
But, in more than 50 years of formal standard-setting, the Committee on Accounting Procedure, the Accounting Principles Board, and the FASB have issued many more standards--and these standards have been supplemented by issuances of the Securities and Exchange Commission, the AICPA's Accounting Standards Executive Committee, and the FASB's Emerging Issues Task Force.