generally accepted accounting principles
91Financial Accounting Standards Board — (FASB) An independent board responsible, since 1973, for establishing generally accepted accounting principles. Its official pronouncements are called Statements of Financial Accounting Standards and Interpretations of Financial Accounting… …
92Statements of Financial Accounting Standards — SFAS Accounting and *financial reporting standards issued by the *Financial Accounting Standards Board. The SFAS are the main source of U.S. *Generally Accepted Accounting Principles, and are issued after due process and consultation with… …
93Comprehensive income (accounting) — Also see comprehensive income. Comprehensive income is defined by the U.S. Financial Accounting Standards Board, or FASB,[1] as “the change in equity [net assets] of a business enterprise during a period from transactions and other events and… …
94Financial Accounting Standards Board — FASB In the USA, a non government body founded in 1973 with the responsibility of promulgating generally accepted accounting principles (GAAP). This is achieved by the issue of Statements of Financial Accounting Standards, which practising… …
95cash basis accounting — The *recognition of *revenues and *expenses in line with related *cash movements. Cash basis accounting is not permissible for large organizations under most systems of *Generally Accepted Accounting Principles, which prefers an *accruals basis… …
96Financial Accounting Standards Advisory Council — FASAC An advi sory committee of the * Financial Accounting Standards Board (FASB). Set up in 1973 at the time of the FASB’s creation, the council advises the FASB on its activities relating to U.S. *Generally Accepted Accounting Principles. The… …
97Financial Accounting Standards Board — an independent organization founded in 1973, responsible chiefly for establishing generally accepted accounting principles. Abbr.: FASB * * * …
98Financial Accounting Standards Board — Independent board with responsibility to establish and interpret Generally Accepted Accounting Principles …
99Financial Accounting Standards Board — Independent board with responsibility to establish and interpret Generally Accepted Accounting Principles …
100Financial Accounting Standards Board — an independent organization founded in 1973, responsible chiefly for establishing generally accepted accounting principles. Abbr.: FASB …