List of FASB pronouncements
This article is a list of Financial Accounting Standards Board pronouncements, which consist of Statements of Financial Accounting Standards, Statements of Financial Accounting Concepts, Interpretations, Technical Bulletins, and Staff Positions, which together present rules and guidelines for preparing, presenting, and reporting financial statements within the United States according to generally accepted accounting principles in the United States Of America, of which this list makes up a substantial part.
The SFAS have been superseded by the FASB Accounting Standards Codification. The codification is effective for interim and annual periods ending after September 15, 2009. All existing accounting standards documents are superseded by the ASC. All other accounting literature not included in the Codification is now deemed nonauthoritative.
Statements of Financial Accounting Standards
Statements of Financial Accounting Concepts
Statements of Financial Accounting Concepts are a part of the FASB conceptual framework project. They set fundamental objectives and concepts that FASB will use in developing future U.S. generally accepted accounting principles, however, they are not a part of the US GAAP. To date, 7 Concept Statements have been issued. See at the FASB website for more information.No. | Title | Issue Date | Changes |
1 | Objectives of Financial Reporting by Business Enterprises | November 1978 | - |
2 | Qualitative Characteristics of Accounting Information | May 1980 | Paragraph 4 and footnote 2 superseded by Concept No. 6 |
3 | Elements of Financial Statements of Business Enterprises | December 1980 | Superseded by Concept No. 6, paragraph 2 |
4 | Objectives of Financial Reporting by Nonbusiness Organizations | December 1980 | - |
5 | Recognition and Measurement in Financial Statements of Business Enterprises | December 1984 | - |
6 | Elements of Financial Statements replacement of FASB Concepts Statement No. 3 | December 1985 | - |
7 | Using Cash Flow Information and Present Value in Accounting Measurements | February 2000 | - |