FASB Statement

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 proposals are part of the short-term convergence project that the IASB is conducting jointly with FASB, which also has issued a revised Exposure Draft of a proposed Statement of Financial Accounting Standards, Earnings per Share an amendment of FASB Statement No.
FIN 48 "Accounting for Uncertainty in Income Taxes--an Interpretation of FASB Statement No.
Now its time to sit back and relax while other companies struggle to finish implementing FASB Statement no.
On July 14, 2005, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed interpretation of FASB Statement No.
(18) CON 6, footnote 18, states: "Probable is used with its usual general meaning, rather than in a specific accounting or technical sense (such as that in FASB Statement No.
The article questions whether certain technical corrections made in FASB Statement No.
Section 1 is a summary of the key provisions of FASB Statement No.
The Financial Accounting Standards Board recently released FASB Interpretation 48 (FIN 48), which provides guidance on FASB Statement 109 (FAS 109) and describes the standard for recognizing and measuring the benefit or liability from tax positions reflected in financial statements.
Here's how we composed and distributed advance and final notice of FASB Statement no.
FEI's Committee on Corporate Reporting (CCR) has written to the Financial Accounting Standards Board (FASB) to endorse a proposed FASB staff position (FSP), Transition Election Related to Accounting for the Tax Effects of Share-Based Payment Awards, related to stock-based compensation as defined in FASB Statement No.
According to proposed FSP Financial Accounting Statement (FAS) 109-a, the manufacturing deduction should be accounted for as a special deduction under the rules of FASB Statement No.