APB opinion

APB Opinion

An official opinion by the Accounting Principles Board on how to report a transaction. APB opinions set standards for the accounting industry and helped establish uniform practice insofar as it was possible. APB opinions have not been issued since 1973, when the APB was replaced by the Financial Accounting Standards Board. See also: FASB opinion.

APB opinion

A determination by the former Accounting Principles Board regarding the way a certain financial transaction is to be treated for reporting purposes. For example, APB Opinion 15 sets forth the ways in which convertible issues and common-stock equivalents are to be used in calculating earnings per share. In 1973 the Accounting Principles Board was superseded by the Financial Accounting Standards Board, thereby halting further APB opinions and initiating FASB Statements.

Mentioned in ?

FASB Statement

References in periodicals archive ?

FASB freely admitted that the criteria used to define extraordinary items in APB Opinion 30 would seldom apply to debt extinguishments.

Improving Income Statement Reporting of Debt Extinguishments

However, as the title of the standard itself makes clear, the guidance offered in APB Opinion No.

Government combinations: the GASB's proposed guidance would prescribe the proper accounting and financial reporting for government combinations and addresses how governments that have transferred or sold operations should account for the transfer or sale

Keyword Search Results abbreviated Revenue recognition: ARB 43; APB Opinion 10; FAS 48; FAS 111; FTB 90-1; SAB Topic 13; SAB 101; SAB 104 Service contracts: FIN 46R; EITF 97-2; FAS 141R; EITF 08-1; EITF 99-19 Multiple deliverables: EITF 01-4; EITF 00-21; EITF 00-3; SAB 104; SAB 101

Test-driving the codification: accounting research on the fast track

Special Bulletin (Disclosure of Departures from Opinions of APB) and APB Opinion No.

The SEC preempts the accounting principles board in 1965: the classification of the deferred tax credit relating to installment sales

123, Accounting for Stock-Based Compensation, and supersedes APB Opinion No.

FASB publishes revised Statement No. 123, Statement No. 153

123, "Accounting for Stock-Based Compensation," and APB Opinion No.

FASB wants your opinion

The accounting treatment specified in APB Opinion No.

The controversy over stock options

142, Goodwill and Other Intangible Assets, addresses financial accounting and reporting for acquired goodwill and other intangibles and supercedes APB Opinion 17.

Tax implications of FASs 141 and 142

The old accounting rules were established by APB Opinion 25, Accounting for Stock Issued to Employees.

Are FASB accounting proposals for stock based compensation a threat to entrepreneurship?

Under APB Opinion 16, the excess of the assigned value over the tax basis of LIFO inventories acquired in a purchase business combination usually was treated as a permanent difference if the company did not inted to liquidate the tax basis LIFO layers.

Implementation of FAS 96: temporary differences - scheduling and reversals

Despite the introduction of this first formal (albeit incomplete) definition of GAAP, what was needed to constitute substantial authoritative support remained unclear, and thus enabled a given practice to be seen as included in GAAP even if it was not derived from an APB opinion.