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.

Amendments to simplify and achieve international convergence in the calculation of EPS

Here's how we composed and distributed advance and final notice of FASB Statement no.

Convergence: in search of the best: CPAs should understand how U.S. and foreign accounting standards influence each other

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.

CCR reacts to FSPs relating to 123(R)

On July 14, 2005, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed interpretation of FASB Statement No.

FASB exposure draft on uncertain tax positions

52 per share for net unrealized holding losses on securities available for sale that lowered shareholders' equity in accordance with FASB Statement 115.

INTEGRA ANNOUNCES THIRD QUARTER EARNINGS

The Financial Accounting Standards Board (FASB) today issued FASB Statement No.

FASB Issues Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities

Separately, on May 22 the FASB issued FASB Statement No.

FASB issues new disclosure guidelines for subsequent events, statement on mergers and acquisitions

Entities are permitted to apply the FSP early to financial statements not yet issued and retrospectively in accordance with FASB Statement no.

FASB requested comments on selected issues relating to assets and liabilities with uncertainties (www.fasb. org/draft/ltc_assets_liablllties_with_ uncertainties.pdf)

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.

FASB proposed guidance on the AJCA

Other comprehensive income is retained, as required by FASB Statement 130.

Financial performance reporting: striking a balance between transparency and simplicity

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.

Comments on loss and valuation accrual accounts and supplementary financial information

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.