Financial_Accounting_Standards_Board Financial_Accounting_Standards_Board

Financial Accounting Standards Board - Definition and Overview
Related Words: Accountancy, Analysis, Annual, Audit, Auditing, Bookkeeping, Braking, Brief, Census, Computation, Counting, Enumeration, Foliation

The Financial Accounting Standards Board is a major organization to develop Generally Accepted Accounting Principles in the United States (US GAAP) along with SEC, AICPA, and GASB. It was created in 1973 and replaced its predecessor, the Accounting Principles Board and the Committee on Accounting Procedure of the American Institute of Certified Public Accountants, which was the former's predecessor. The federal organization is responsible for maintaining independent standards in accounting, the powers of which come from the Congress. Some of work is evaluating how financial workers should handle stock options. The board's current (2004) chairman is Robert H. Herz.

Contents
1 See also

1.1 Issues
1.2 Associations

2 External links

See also

  • FASB Interpretation Number (FIN)
  • Financial Accounting Standards (FAS)

Issues

Associations

External links

Example Usage of Accounting
jaxViola: Got Accounting hw done. time to look at management.
thedailytexan: In tomorrow's Texan: What happened at the UT System Board of Regents meeting, Accounting students volunteering at tax centers and more
chincila: Goodie lucky lulululuu! :) RT @lulumacchosia: Will have an Accounting quiz. Wish me luckiooo
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