All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification. Its mission was to develop an overall conceptual framework of US generally accepted accounting principles … The FASB Accounting Standards Codification (FASB Codification) became the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles … 43, Chapter 5, Intangible Assets, paragraph 10. 203(b), and FASB Statement 109, para. The primary purpose of the In order to adequately cover all essential points necessary for a thor- ough review, the staff members who pre- pared these questions obtained the ideas and information from a detailed analysis of the material in the "Opin- ions of the Accounting Principles Board. Recommended Citation. 203(c), and FASB Statement 109, para. APBO stands for Accounting Principles Board Opinions (also Accumulated Postretirement Benefit Obligation and 8 more ) What is the abbreviation for Accounting Principles Board Opinions? 9, Application to Commercial Banks, Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants, The Equity Method of Accounting for Investments in Common Stock, Accounting for Income Taxes-Special Areas, Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures), Accounting for Lease Transactions by Manufacturer or Dealer Lessors, 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, Disclosure of Lease Commitments by Lessees, Statement by the Accounting Principles Board. Accounting Principles Board (APB) Opinions, available full-text at the links below to the … APB was the main organization setting the US GAAP and its opinions are still an important part of it. Among others, Abraham Briloff was critical of some actions of the Accounting Principles Board. This Opinion therefore supersedes the following Accounting Research Bulletins (ARB) and Opinions of the Accounting Principles Board (APB): ARB No. 48, Business Combinations. The official opinions were given on various accounting issues that required clarification or interpretation. 26, Interpretation 1, Accounting for stock issued to employees: Accounting Interpretations of APB Opinion No. The Accounting Principles Board served as the deliberative body for the American Institute of Certified Public Accountants (AICPA), a professional association for those in the accounting industry. the Opinions of the Accounting Princi- ples Board. 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. For Interpretations see section 9551 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973. The official opinions were given on various accounting issues that required clarification or interpretation. Board has not evaluated or approved present generally accepted accounting principles except to the extent that principles have been adopted in Board Opinions. 31) ... Accounting Principles Board … Accounting Research Bulletins. Issued in June 1973 Accounting … 22, Interpretation 1, Reporting the results of operations: Accounting Interpretations of APB Opinion No. American Institute of Certified Public Accountants. 7. a. 43, Chapter 13B, Interpretation 1, Reporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. Reporting the Results of Operations -- Reporting the Effects of Disposal of Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions b. I' .. … The committee’s report in September 1958 led to the establishment of the Accounting Principles Board (APB), replacing the CAP one year later. D1(a), Superseded by FASB Statement 95, para. The intent of each opinion was … 9, Application to Commercial Banks, APB 14: Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants, APB 18: The Equity Method of Accounting for Investments in Common Stock, APB 19: Reporting Changes in Financial Position, APB 21: Interest on Receivables and Payables, APB 22: Disclosure of Accounting Policies, APB 23: Accounting for Income Taxes—Special Areas, APB 24: Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures), APB 25: Accounting for Stock Issued to Employees, APB 27: Accounting for Lease Transactions by Manufacturer or Dealer Lessors, APB 29: Accounting for Nonmonetary Transactions, APB 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, APB 31: Disclosure of Lease Commitments by Lessees. 17, Interpretations 1-2, Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 286(b), Superseded by FASB Statement 96, para. See also section 9001 of the final edition of the, Disclosure of supplemental financial information by diversified companies, Financial statements restated for general price-level changes, Basic concepts and accounting principles underlying financial statements of business enterprises, APB accounting principles: volume 1: Current text as of May 1, 1968, APB accounting principles: volume 2: Original pronouncements as of May 1, 1968, APB accounting principles: volume 1: Current text as of August 1, 1969, APB accounting principles: volume 2: Original pronouncements as of August 1, 1969, APB accounting principles: volume 1: Current text as of September 1, 1970, APB accounting principles: volume 2: Original pronouncements as of September 1, 1970, APB accounting principles: volume 1: Current text as of February 1, 1971, APB accounting principles: volume 2: Original pronouncements as of February 1, 1971, APB accounting principles: volume 1: Current text as of December 1, 1971, APB accounting principles: volume 2: Original pronouncements as of December 1, 1971, APB accounting principles: volume 1: Current text as of September 1, 1972, APB accounting principles: volume 2: Original pronouncements as of September 1, 1972, APB accounting principles: volume 1: Current text as of June 30, 1973, APB accounting principles: volume 2: Original pronouncements as of June 30, 1973, Computing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. FASB Accounting Principles Board Opinions. Publication of this Statement does not constitute approval by the Board of accounting prin-ciples that are not covered in its Opinions… a complete elucidation of all my opinions I AICPA, "Basic Concepts and Accounting Principles Underlying Financial Statements of Business Enter-prises," Accounting Principles Board Statement No. Accounting research was considered critical. 23, Interpretation 1, Early extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101, Compensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. APB 2: Accounting … The interpretation numbers come from the Financial Accounting Board's Original Pronouncements as amended 2008/2009 Edition, volume 3. American Institute of Certified Public Accountants, US generally accepted accounting principles, Pre-Codification AICPA Copyrighted Standards, https://en.wikipedia.org/w/index.php?title=List_of_Accounting_Principles_Board_Opinions&oldid=924563109, United States Generally Accepted Accounting Principles, Creative Commons Attribution-ShareAlike License, The Statement of Source and Application of Funds, Reporting of Leases in Financial Statements of Lessee, Accounting for Leases in Financial Statements of Lessors, Amending Para. On July 1, 2009 the Financial Accounting standards Board (FASB) instituted a major change in the way accounting standards are organized. The Accounting Principles board c. The Financial Accounting Standards Board d. The Securities and Exchange Commission. The Interpretations originally appeared in the Journal of Accountancy. All rights reserved. FASB Accounting Principles Board Opinions, APB 1: New Depreciation Guidelines and Rules, APB 2: Accounting for the "Investment Credit", APB 3: The Statement of Source and Application of Funds, APB 4: Accounting for the "Investment Credit", APB 5: Reporting of Leases in Financial Statements of Lessee, APB 6: Status of Accounting Research Bulletins, APB 7: Accounting for Leases in Financial Statements of Lessors, APB 8: Accounting for the Cost of Pension Plans, APB 9: Reporting the Results of Operations, APB 13: Amending Paragraph 6 of APB Opinion No. Accounting Research Bulletins ... c. APB Opinions d. Accounting Standards Updates. 150, Superseded by FASB Statement 154, para. in an Opinion of the Accounting Principles Board is applied in financial statements, the reporting member must decide whether the principle has substantial authoritative support and is applicable in the circumstances. 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