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FASB |
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FASB
Financial Accounting Standards Board (FASB). The Financial Accounting Standards Board (FASB) is an independent, self-regulatory board that establishes and interprets generally accepted accounting principles (GAAP). It operates under the principle that the economy and the financial services industry work smoothly when credible, concise, and clear financial information is available. FASB periodically revises its rules to make sure corporations are following its principles. The corporations are supposed to fully account for different kinds of income, avoid shifting income from one period to another, and properly categorize their income. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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FASB has released its Original Pronouncements as Amended and Current Text annual bound editions 2006-07. In an recent letter to the Financial Accounting Standards Board (FASB), the Standards Committee of FEI's Committee on Private Companies (CPC) broadly supported the proposals contained in an Invitation to Comment (ITC) issued by FASB on Enhancing the Financial Accounting and Reporting Standard-Setting Process for Private Companies. FASB requested comments on selected issues relating to assets and liabilities with uncertainties (www. |
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