Original pronouncements and Current Text 2006-07 edition.FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). has released its Original Pronouncements as Amended and Current Text annual bound editions 2006-07. The authoritative pronouncements are done in an "as amended" format, reflecting FASB Statements 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 on Standards, Concepts Statements, Interpretations, Technical Bulletins and FASB Staff positions, and AICPA AICPA See American Institute of Certified Public Accountants (AICPA). APB Opinions Accounting Principles Board (APB) Opinions were published by Accounting Principles Board (APB). The board was created by American Institute of Certified Public Accountants (AICPA) in 1959 and was replaced by Financial Accounting Standards Board (FASB) in 1973. . New in the 2006-07 edition are texts on FAS 155, FAS 156 and 16 new staff positions. For more information, visit www.fasb.org/public/OPCT_2005_Description.shtml. |
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