Investor Glossary-financial accounting standards boardInvestor Glossary-financial accounting standards boardInvestor Glossary-financial accounting standards boardInvestor Glossary-financial accounting standards boardInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Financial Accounting Standards Board

The HTML to link to this page
 

Since 1973, the Financial Accounting Standards Board (FASB) has had primary responsibility for establishing financial accounting and reporting standards for the private sector in the United States. The pronouncements of the Financial Accounting Standards Board are considered authoritative by both the Securities and Exchange Commission (SEC) and the American Institute of Certified Public Accountants (AICPA). Thus the work of the Financial Accounting Standards Board is a cornerstone of Generally Accepted Accounting Principles (GAAP). An important component of the Financial Accounting Standards Board is its Emerging Issues Task Force, which is charged with identifying important issues that the Financial Accounting Standards Board needs to consider. The Financial Accounting Standards Board has seven full-time members, who are required to cut all ties to the firms or organizations they previously served. The Financial Accounting Standards Board is also assisted by about 70 professional employees. Despite its apparent independence and professional support, the Financial Accounting Standards Board receives substantial criticism from legislators, executives, and business critics. But given the controversial issues the Financial Accounting Standards Board decides, criticism may be impossible to avoid.



Rate this Financial Accounting Standards Board definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: stock market close, 1031 exchange, risk management, ex-dividend date, average price per share, Zero Cost Collar, 1035 exchange, implied volatility, option premium, inflation, debt service coverage, real GDP, phantom income, class C shares, labor relations, current ratio, covered put, irrevocable trust, annual return, ex-dividend, FICO score, APR, Key Rate Duration, margin rate, FTSE, command economy, LIBOR, 144a, stock split, open position, dividends payable, balance sheet, reverse mortgage, VIX, liquidity ratio, EBITDA, 401a, required rate of return, deferred revenue, diluted share, per diem, minority interest, in escrow, retained earnings, wholly-owned subsidiary, deferred tax, cancelled check, limit order, quality assurance


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use