List of Accounting Principles Board Opinions


Accounting Principles Board Opinions, Interpretations and Recommendations were published by the Accounting Principles Board from 1962 to 1973. The board was created by American Institute of Certified Public Accountants in 1959 and was replaced by Financial Accounting Standards Board in 1973. Its mission was to develop an overall conceptual framework of US generally accepted accounting principles. APB was the main organization setting the US GAAP and its opinions are still an important part of it. All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.
No.TitleIssue DateChanges
1.New Depreciation Guidelines and Rules Nov. 1962
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203, and FASB Statement 109, para. 286
2.Accounting for the "Investment Credit" Dec. 1962
  • Amended
  • Parts deleted or replaced
    • 3.The Statement of Source and Application of Funds Oct. 1963
  • Superseded by APB Opinion 19, para. 3
    • 4.Accounting for the "Investment Credit" Mar. 1964
  • None
    • 5.Reporting of Leases in Financial Statements of Lessee Sept. 1964
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
    • 6.Status of Accounting Research Bulletins Oct. 1965
  • Amended
  • Many parts deleted
    • 7.Accounting for Leases in Financial Statements of Lessors May 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
    • 8.Accounting for the Cost of Pension Plans Nov. 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 87, para. 9
    • 9.Reporting the Results of Operations Dec. 1966
  • Amended
  • Many parts deleted
    • 10.Omnibus Opinion-1966 Dec. 1966
  • Amended
  • Many parts deleted
    • 11.Accounting for Income Taxes Dec. 1967
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203, and FASB Statement 109, para. 286
    • 12.Omnibus Opinion—1967 Dec. 1967
  • Amended
  • Parts deleted or replaced
    • 13.Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks Mar. 1969
  • None
    • 14.Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants Mar. 1969
  • None
    • 15.Earnings per Share May. 1969
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 128, para. 160
    • 16.Business Combinations Aug. 1970
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 141, para. E1
    • 17.Intangible Assets Aug. 1970
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 142, para. D1
    • 18.The Equity Method of Accounting for Investments in Common Stock Mar. 1971
  • Heavily amended
  • Parts deleted or replaced
    • 19.Reporting Changes in Financial Position Mar. 1971
  • Amended
  • Superseded by FASB Statement 95, para. 150
    • 20.Accounting Changes July. 1971
  • Heavily amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 154, para. C1
    • 21.Interest on Receivables and Payables Aug. 1971
  • Amended
    • 22.Disclosure of Accounting Policies Apr. 1972
  • Amended
    • 23.Accounting for Income Taxes-Special Areas Apr. 1972
  • Heavily amended
  • Parts deleted or replaced
    • 24.Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method Apr. 1972
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203, and FASB Statement 109, para. 286
    • 25.Accounting for Stock Issued to Employees Oct. 1972
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 123r, para. D7
    • 26.Early Extinguishment of Debt Oct. 1972
  • Amended
  • Parts replaced
    • 27.Accounting for Lease Transactions by Manufacturer or Dealer Lessors Nov. 1972
  • Superseded by FASB Statement 13, para. 2
    • 28.Interim Financial Reporting May. 1973
  • Heavily amended
  • Parts replaced
    • 29.Accounting for Nonmonetary Transactions May. 1973
  • Amended
  • Parts deleted, added, or replaced
    • 30.Reporting the Results of Operations-Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions June. 1973
  • Heavily amended
  • Parts deleted or replaced
    • 31.Disclosure of Lease Commitments by Lessees June. 1973
  • Superseded by FASB Statement 13, para. 2
    • No.DateOfficial title
    11962 April 13Statement by the Accounting Principles Board. See also section 9001 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973.
    21967 SeptemberDisclosure of supplemental financial information by diversified companies
    31969 JuneFinancial statements restated for general price-level changes
    41970 OctoberBasic concepts and accounting principles underlying financial statements of business enterprises

    Accounting Interpretations

    The American Institute of Certified Public Accountants issued Accounting Interpretations between 1968 and November 1973, when the Financial Accounting Standards Board took over the issuing of interpretations in June 1974. The Interpretations were not considered pronouncements from the Accounting Principles Board, but Richard C. Lytle, the administrative director of the Accounting Principles Board, was responsible for their preparation. The Interpretations originally appeared in the Journal of Accountancy. For Interpretations see section 9551 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973. The interpretation numbers come from the Financial Accounting Board's Original Pronouncements as amended 2008/2009 Edition, volume 3. Also, consult this volume for detailed listing of amendments, deletions, and other changes to the individual interpretations prior to 2009 Also, consult Fasb for those Interpretations that were finally superseded by the Codification.
    DateOfficial titleInterpretation No.Comments
    1970 JulyComputing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101AIN-APB15Superseded by FAS 128
    1971 MarchCompensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1AIN-ARB43,Ch 13BSuperseded by APB 25
    1971 February and AprilReporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2AIN-APB9Interpretation 2 deleted by FAS 111
    1972 MarchAccounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1AIN-APB11Superseded by FAS 96 and 109
    1970 NovemberDeferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1AIN-Key Man LifeSuperseded by FASB Technical Bulletin 85-4
    1970 December-1971 AprilBusiness combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17AIN-APB16Superseded by FAS 141
    1971 April; 1973 MarchIntangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2AIN-APB17Superseded by FAS 142
    1968Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28AIN-APB8Superseded by FAS 111
    1969-1972 MarchAccounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25AIN-APB11Superseded by FAS 96 and 109
    1971 SeptemberComputing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102AIN-APB15Superseded by FAS 128
    1971 September and NovemberBusiness combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25AIN-APB16Superseded by FAS 141
    1971 NovemberAccounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1AIN-APB7Superseded by FAS 111
    1971 November-1972 FebruaryEquity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3AIN-APB18Amended by FAS 96
    1972 February and JuneReporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3AIN-APB19Superseded by FAS 95
    1972 FebruaryAccounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1AIN-APB4
    1972 FebruaryConsolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1AIN-ARB51Superseded by FAS 111
    1971 December-1972 May 31Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36AIN-APB16Superseded by FAS 141
    1972 MarchAccounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6AIN-APB4Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111
    1972 JuneInterest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1AIN-APB21
    1972 November-1973 MarchBusiness combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39AIN-APB16Superseded by FAS 141
    1973 MarchAccounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2AIN-APB20Superseded by FAS 128
    1973 MarchAccounting for income taxes--Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1AIN-APB23Superseded by FAS 96 and 109
    1973 MarchEarly extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1AIN-APB26Amended by FAS 111
    1973 JuneAccounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1AIN-APB25Amended by FAS 196, 111, and 123
    1973 NovemberDisclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1AIN-APB22Superseded by FAS 111
    1973 NovemberReporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1AIN-APB30