FASB Statement

FASB Statement

An official opinion by the Financial Accounting Standards Board on how to report a transaction. FASB statements set standards for the accounting industry and help establish uniform practice insofar as it is possible.

FASB Statement

A standard set by the Financial Accounting Standards Board regarding a financial accounting and reporting method. Essentially, FASB statements determine the acceptable accounting practices that Certified Public Accountants use in reporting corporate financial information to stockholders, the SEC, and the general public. See also APB opinion.
References in periodicals archive ?
The proposals are part of the short-term convergence project that the IASB is conducting jointly with FASB, which also has issued a revised Exposure Draft of a proposed Statement of Financial Accounting Standards, Earnings per Share an amendment of FASB Statement No.
Here's how we composed and distributed advance and final notice of FASB Statement no.
FEI's Committee on Corporate Reporting (CCR) has written to the Financial Accounting Standards Board (FASB) to endorse a proposed FASB staff position (FSP), Transition Election Related to Accounting for the Tax Effects of Share-Based Payment Awards, related to stock-based compensation as defined in FASB Statement No.
On July 14, 2005, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed interpretation of FASB Statement No.
52 per share for net unrealized holding losses on securities available for sale that lowered shareholders' equity in accordance with FASB Statement 115.
The Financial Accounting Standards Board (FASB) today issued FASB Statement No.
Entities are permitted to apply the FSP early to financial statements not yet issued and retrospectively in accordance with FASB Statement no.
According to proposed FSP Financial Accounting Statement (FAS) 109-a, the manufacturing deduction should be accounted for as a special deduction under the rules of FASB Statement No.
Other comprehensive income is retained, as required by FASB Statement 130.
Among the categories of detailed schedules are valuation allowances for deferred tax assets and contingent income and franchise tax liabilities recorded pursuant to FASB Statement No.
Despite further increases in market interest rates, the second quarter net interest margin increased from the previous quarter because of increased yields on securities available for sale resulting from the FASB Statement 115 market value adjustment and the continued control of deposit costs.