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 ?
The rescheduling is necessary in order for D&PL to comply with new accounting interpretations received on December 28, 2005 related to the initial adoption of Financial Accounting Standards Board Statement No.
Companies gearing up to implement Financial Accounting Standards Board Statement of Financial Accounting Standards 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.
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.
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.
Prior to the adoption of Financial Accounting Standards Board Statement 123 Revised "Share-based Payment" ("FAS 123R") on January 1, 2006, our practice was to exclude stock-based compensation internally to evaluate performance and we presented investors with certain Non-GAAP Measures.
The primary purpose of the accelerated vesting is to eliminate compensation expense the Company would otherwise recognize in its income statement with respect to these accelerated stock options based upon the adoption of Financial Accounting Standards Board Statement of Financial Accounting Standards No.
The new Fair Value Measurement Toolkit for Financial Accounting Standards Board Statement of Financial Accounting Standards No.
With mutual funds, the company is liable for taxes on dividends and capital gains in the value of the securities, which are marked to market, pursuant to Financial Accounting Standards Board Statement No.
The SAS defines a security by referring to the definitions in Financial Accounting Standards Board Statement no.

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