FASB Statement

(redirected from Financial Accounting Standards Board Opinion)

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 Corporation adopted Financial Accounting Standards Board Opinion No.
51% * The Corporation adopted Financial Accounting Standards Board Opinion No.
5 million of non-cash equity based charges recognized upon the adoption of Financial Accounting Standards Board Opinion 123R, which now requires that that the fair values of stock options be expensed in the Company's GAAP financial statements.
8 million of non-cash equity based charges recognized under Financial Accounting Standards Board Opinion 123R, $0.
4 million recognized upon the prospective adoption of Financial Accounting Standards Board Opinion 123R, which now requires that that the fair values of stock options be expensed in the Company's GAAP financial statements.
31, 1991, has been restated as a result of the adoption of the provisions of Financial Accounting Standards Board Opinion No.
decided to: 1) implement Financial Accounting Standards Board opinion number 121; 2) to establish reserves for ongoing restructuring efforts; and 3) to reflect a reduction in value of certain other investments.

Full browser ?