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 ?
Three recent Financial Accounting Standards Board statements fundamentally change the way not-for-profit organizations (NPOs) prepare external financial statements.
This reflects the non-cash, after-tax effects of the first-quarter 1993 adoption of the Financial Accounting Standards Board Statements No.
Identifying provisions in Financial Accounting Standards Board Statements and Interpretations, Accounting Principles Board Opinions, and Accounting Research Bulletins of the AICPA, issued on or before November 30, 1989, that do not conflict with or contradict GASB pronouncements, for possible codification into the GASB literature.
0 million of income relating to the cumulative effects of adopting two Financial Accounting Standards Board Statements during the first quarter.
The Company has reviewed applicable Financial Accounting Standards Board Statements and Emerging Issue Task Force Statements (EITFs) including EITF 00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stocks.
This reflects the noncash, after-tax effects of the first-quarter 1993 adoption of Financial Accounting Standards Board Statements Numbers 106, 109, and 112 relating to retiree health care and life insurance benefits, disability benefits and workers' compensation for former and inactive employees, and income taxes.
The company expects to incur non-recurring restructuring charges of approximately $140,000 over the next six months, which will be accounted for in accordance with Financial Accounting Standards Board Statements No.
Consistent with previous announcements, IMCERA will adopt in fiscal 1993 Financial Accounting Standards Board Statements No.
Ott, president of Chemical Financial Corporation (NASDAQ-NMS: CHFC), stated that the corporation will adopt in the first quarter of 1993, two new accounting standards, Financial Accounting Standards Board Statements 109 and 106, mandated by the Financial Accounting Standards Board, which together will result in a first-quarter after-tax gain of approximately $2 million, or $0.
has announced that it will adopt Financial Accounting Standards Board Statements No.
11 /PRNewswire/ -- Exxon Corporation (NYSE: XON) announced today adoption of two new Financial Accounting Standards Board Statements, No.
68 per share, retroactive to January 1, 1992, in conjunction with its adoption of Financial Accounting Standards Board Statements No.

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