Financial Accounting Standards Board

What is the Financial Accounting Standards Board?

The Financial Accounting Standards Board, sometimes referred to as the FASB is a private organization whose purpose is to develop generally accepted accounting principles (GAAP) within the United States.

They are also responsible for issuing accounting standards which offer guidance and rules on the preparation of financial statements in the US.

Additional information on the Financial Accounting Standard Board can be found in our accounting principles tutorial.

For further information see the Wikipedia definition.

Learn a new bookkeeping term

Random bookkeeping terms for you to discover.

Link to this page

Click in the box and paste this Financial Accounting Standards Board definition link to your site.

Return to the Dictionary

Financial Accounting Standards Board March 23rd, 2016Team

You May Also Like


Related pages


sales ledger debit or creditnon profit chart of accounts samplesimple bookkeeping with excelamortization definition and exampleformula for capacity planningdebits and credits chartformula for contribution marginwip inventoriestrial balance worksheetis indirect labor a period cost6 column worksheet accountingdebt equity ratio calculation formulacalculate fvfob destination meansgeneral ledger journal entryprepaid insurance an assetreduced balance depreciationoverhead cost examplesjournal entry for unrealized gain on trading securitiesstock adjustment journal entrya total materials variance is analyzed in terms ofsimple depreciation formulapresent value annuity due tabletrade discount series formulaformula for cost of goods sold in accountinginterest rate per compounding periodretail markup calculator ukprepaid insurance in balance sheetcalculate accounts receivablewhat does sales ledger meanperpetual inventory system and a periodic inventory systemabsorption rate calculatorexample of accounting equationdebtor days calculation formulaaccount payable journal entriescalculate irr in excelaccounts receivable trial balanceaccounting wages payablecontra items in bank balance sheetfixed asset registerspresent value and future value formulasdeferred tax explainedfv annuity duesample statement of retained earningsexcel small business accounting templateaccounts receivable turnover ratio calculatordef revenueproforma of trial balancecreditors days calculation formulaledger book pdfusefulness of variance analysiscontra accounts receivablepremium bond calculatorreplenishing petty cashcalculating arrcash impresthow to calculate ending merchandise inventoryuk margin calculatorpercentage margin calculatorwhat is the annual dividend on the preferred stockvertical analysis for balance sheethire purchase journal entryjournal entry for advertising expensefree printable ledger sheetstrial balance worksheetdouble booking accountingaging of accounts receivablefreight inwardspost closing entries examplescash flow formula excelaccounts payable and receivable interview questions and answerstable present value annuityjournal entries for accumulated depreciationrent deposit accountinginterest payable journal entry