or. 20, Accounting for Special Termination Benefits Paid to Employees, Reporting by Transferors for Transfers of Receivables with Recourse, Classification of Obligations That Are Callable by the Creditor—an amendment of ARB No. In this session, the IASB held an entire day of educational sessions with the US Financial Accounting Standards Board (FASB). 65, Rescission of FASB Statement No. While the IASB and FASB set accounting standards, they aren't directly responsible for oversight and enforcement of those standards. 34, Accounting for Certain Mortgage Banking Activities, Accounting for Costs and Initial Rental Operations of Real Estate Projects, Disclosures about Oil and Gas Producing Activities—an amendment of FASB Statements 19, 25, 33, and 39, Financial Reporting and Changing Prices: Foreign Currency Translation—an amendment of FASB Statement No. 16, Disclosure of Postretirement Health Care and Life Insurance Benefits, Financial Reporting and Changing Prices: Elimination of Certain Disclosures—an amendment of FASB Statement No. Accounting standards are national or international principles set in various areas of business accounting. Last Wednesday, FASB members met virtually … 12, Consolidation of a Parent and Its Subsidiaries Having Different Balance Sheet Dates—an interpretation of FASB Statement No. List of 38 FASB definitions. U.S. Generally accepted accounting principles, FASB Interpretations - Full Text, Summary, and Status, https://en.wikipedia.org/w/index.php?title=List_of_FASB_Interpretations&oldid=700650499, United States Generally Accepted Accounting Principles, Creative Commons Attribution-ShareAlike License, Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. On June 21, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 5, Translation of Unamortized Policy Acquisition Costs by a Stock Life Insurance Company—an interpretation of FASB Statement No. The Governmental Accounting Standards Board Statements (GASB Statements in short) are issued by GASB to set generally accepted accounting principles (GAAP) for state and local governments in the United States of America.These statements are the most authoritative source for governmental GAAP. 13, Determining Contingent Rentals—an amendment of FASB Statement No. 12, Accounting for Previously Established Allowance Accounts—an interpretation of FASB Statement No. 19, Profit Recognition on Sales-Type Leases of Real Estate—an amendment of FASB Statement No. 28, Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11, Applying FASB Statement No. 19, Accounting for Translation Adjustments upon Sale of Part of an Investment in a Foreign Entity—an interpretation of FASB Statement No. Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. 66 and 67, Exchanges of Non-monetary Assets—an amendment of APB Opinion No. 105 - Generally Accepted Accounting Principles. (2012, October 24). The FASB is an independent rule-making agency and issues Statements of Financial Accounting Standards regarding financial reporting objectives, elements to be included in financial statements and desired characteristics of accounting information. FASB Accounting Standards Codification Quick Reference Guide. The Financial Accounting Standards Board (FASB) has published proposed Taxonomy Improvements related to: a proposed Accounting Standards Update on Reference Rate Reform;; a proposed Accounting Standards Update on Freestanding Modifications (EITF Issue 19-C); and; Accounting Standards Update No. The following images and detailed tables summarize the effective dates for the FASB's recently released guidance. FASB’s Proposed Taxonomy Implementation Guide, Extensible Lists: A Guide for Preparers explains an XBRL design feature known as extensible lists. Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 8, Clarification of Definitions and Accounting for Marketable Equity Securities That Become Nonmarketable—an interpretation of FASB Statement No. FASB: Referencing the Codification [Source: FASB Accounting Standards Codification Notice to Constituents (v 1.05) January 16, 2009, p. 22] "For purposes of establishing a consistent referencing approach for items such as working papers, articles, textbooks, and other similar items, the FASB suggests the following approach for referencing Codification content from outside of the Codification: Statements of Financial Accounting Standards ; FASB Interpretations ; FASB Staff Positions ; FASB Technical Bulletins ; … 2. 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