SFFAC = statement of federal financial accounting
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.
142, Goodwill and Other Intangible Assets, addresses financial accounting
and reporting for acquired goodwill and other intangibles and supercedes APB Opinion 17.
The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting
and reporting standards for state and local governments.
Statements and Interpretations of the Financial Accounting
Standards Board (FASB), Opinions of the Accounting Principles Board (APB) and Accounting Research Bulletins of the American Institute of Certified Public Accountants (AICPA).
As Denny Beresford's term as Financial Accounting
Standards Board chairman comes to an end on June 30, the board of trustees of the Financial Accounting
Foundation - the group mandated to select the members and chairperson of the FASB - is busy identifying top candidates for the slot.
The Financial Accounting
Foundation, which oversees and appoints members of the Financial Accounting
Standards Board and the Governmental Accounting Standards Board, announced FAF officers elections as well as new appointments for each board's advisory council.
Standard 106 covers accounting methods for retirement benefits other than pensions, including health care and life insurance.
DeSantis, President and Chief Operating Officer of the Financial Accounting
Foundation ("FAF") today announced that the FAF Board of Trustees has appointed Lawrence W.
In 1986, the Financial Accounting
Standards Board adopted Statement of Financial Accounting
Standards (SFAS) No.
Goldman Appointed to Financial Accounting
Standards Advisory Council
Dennis Beresford retired on June 30 as chairman of the Financial Accounting
Standards Board after 10 productive years.