CSIMarket


Terms Beginning with F
                       
                       
 Factory Inventories   Fast Track   Fills  
 Factory New Orders   FDA Food and Drug Administration   Filtration  
 Factory Shipments   FDIC   Final Order  
 Factory Unfilled Orders   Federal Funds Rate   Financing Receivables  
 Facultative Reinsurance   Feedstocks   Fine Ounce  
 Fair Access to Insurance Requirements FAIR Plan   FHA Federal Housing Administration   FINRA  
 Fair Value   FHLB   Fintech  
 Fair Value Hedge   FICO   Firm  
 Fannie Mae   Fidelity and Surety Programs   Firm Commitment  
 FASB   FIFO   Fixed Charge Coverage Ratio  
                 
                  next arrow
 
 
       
       
 

FASB

Financial Term


The Financial Accounting Standards Board (FASB) is an independent organization that establishes accounting and reporting standards for public and private companies, non-profit organizations, and state and local governments in the United States. It was established in 1973 and is based in Norwalk, Connecticut.

FASB standards are designed to provide financial statement users with reliable and transparent information. They cover a wide range of topics, including revenue recognition, lease accounting, financial instruments, and accounting for income taxes, among others.

The FASB's standards are recognized as authoritative by the Securities and Exchange Commission (SEC) and are enforceable under U.S. law. Companies that are required to file financial statements with the SEC must comply with FASB standards.

The FASB is widely regarded as one of the most influential organizations in the financial industry. Its standards play a critical role in determining how financial information is reported and interpreted by investors, analysts, and other stakeholders.

Companies typically employ accounting professionals to ensure that they comply with FASB standards. These professionals may include accountants, auditors, and financial analysts, among others.

In summary, the FASB is a key player in the financial industry, responsible for establishing accounting and reporting standards that ensure transparency and accuracy in financial reporting. Its standards are widely recognized as authoritative and are a critical component of the regulatory environment for U.S. companies.


   
     

FASB

Financial Term


The Financial Accounting Standards Board (FASB) is an independent organization that establishes accounting and reporting standards for public and private companies, non-profit organizations, and state and local governments in the United States. It was established in 1973 and is based in Norwalk, Connecticut.

FASB standards are designed to provide financial statement users with reliable and transparent information. They cover a wide range of topics, including revenue recognition, lease accounting, financial instruments, and accounting for income taxes, among others.

The FASB's standards are recognized as authoritative by the Securities and Exchange Commission (SEC) and are enforceable under U.S. law. Companies that are required to file financial statements with the SEC must comply with FASB standards.

The FASB is widely regarded as one of the most influential organizations in the financial industry. Its standards play a critical role in determining how financial information is reported and interpreted by investors, analysts, and other stakeholders.

Companies typically employ accounting professionals to ensure that they comply with FASB standards. These professionals may include accountants, auditors, and financial analysts, among others.

In summary, the FASB is a key player in the financial industry, responsible for establishing accounting and reporting standards that ensure transparency and accuracy in financial reporting. Its standards are widely recognized as authoritative and are a critical component of the regulatory environment for U.S. companies.


Related Financial Terms


Help

About us

Advertise