FASB Statement

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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 ?
Some have even pointed to the significant impact of Financial Accounting Standards Board Statement No.
The recommendations contained in the reports will help MORvision customers with Financial Accounting Standards Board Statement No.
Consider the release of Financial Accounting Standards Board Statement No.
However, since 1992 when Financial Accounting Standards Board Statement No.
The proposed SOP addresses the recognition and measurement by creditors of the allowance for credit losses related to all loans, as that term is defined in Financial Accounting Standards Board Statement No.
Then, Dori Lombard explains Financial Accounting Standards Board Statement No.
They have been dealing with this ambiguous test for several years under Financial Accounting Standards Board Statement No.
A new Financial Accounting Standards Board statement addresses this concern by simplifying the computation, eliminating primary EPS and common stock equivalents and replacing them with basic EPS, which reflects no dilution.
Under Financial Accounting Standards Board statement number 13 (FASB 13), a capital lease transfers substantially all of the benefits and risks of ownership of the property to the lessee.
This program has been updated to include depreciation projections for compliance with the proposed Financial Accounting Standards Board Statement #96, Accounting for Income Taxes.
When asset transfers involve recourse, on the other hand, sales or financing treatment is determined by the criteria specified by Financial Accounting Standards Board Statement No.
109, Written Loan Commitments Recorded at Fair Value Through Earnings, and Financial Accounting Standards Board Statement No.

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