FASB Statement

(redirected from Statement of Financial Accounting Standards)
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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 ?
Temporary differences frequently will arise as a result of differences between the tax basis of pension assets and liabilities and the amounts recognized under Statement of Financial Accounting Standards No.
Expenses increased modestly as the Company recognized compensation expense for unvested stock options due to the adoption of Statement of Financial Accounting Standards No.
Specifically, the new standard, Statement of Financial Accounting Standards No.
25, "Accounting for Stock Issued to Employees" and for subsequent periods, such charges are recorded in accordance with Statement of Financial Accounting Standards No.
On July 21, 2006, the company became aware of new and evolving interpretative guidance of Statement of Financial Accounting Standards No.
Under the recently issued Statement of Financial Accounting Standards No.
This result would have been required because the Financial Accounting Standards Board recently published Statement of Financial Accounting Standards No.
Management anticipates that, in accordance with Statement of Financial Accounting Standards No.
As disclosed in a filing with the SEC today, management and the Audit Committee of the Board of Directors have determined to amend and restate the financial statements for the fiscal years ended June 30, 2005, 2004 and 2003 contained in Company's Form 10-K for the fiscal year ended June 30, 2005 and the interim financial statements contained in its Form 10-Qs for the quarters ended September 30, 2005 and 2004, and December 31, 2005 and 2004 to conform with Statement of Financial Accounting Standards No.
NYSE: MER) today filed a current report on Form 8-K with the Securities and Exchange Commission indicating that the company had adopted Statement of Financial Accounting Standards No.

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