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The FASB expected the system to reduce the amount of time and effort required to research accounting issues, mitigate the risk of noncompliance with standards through improved usability of the literature, provide accurate information with real-time updates as new standards are released, and assist the FASB with the research efforts required ...
Not-for-profit entities, with conforming changes as of March 1, 2012: See also ASC section 958 (Not-for-Profit Entities) 38-24: 2013: Not-for-profit entities, with conforming changes as of March 1, 2013: See also ASC section 958 (Not-for-Profit Entities) 38-25: 2014: Not-for-profit entities, with conforming changes as of March 1, 2014
The Financial Accounting Standards Board (FASB) is a private standard-setting body [1] whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest.
The FASB expects that the new system will reduce the amount of time and effort required to research an accounting issue, mitigate the risk of noncompliance with standards through improved usability of the literature, provide accurate information with real-time updates as new standards are released, and assist the FASB with the research efforts ...
Transfers of Assets to a Not-for-Profit Organization or Charitable Trust That Raises or Holds Contributions for Others: June 1999: 137: Accounting for Derivative Instruments and Hedging Activities—Deferral of the Effective Date of FASB Statement No. 133—an amendment of FASB Statement No. 133: June 1999: 138
Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116 Sept. 1996: Superseded by FASB Statement 136, para. 7; 43. Real Estate Sales—an interpretation of FASB Statement No. 66 June 1999: Amended; 44.
The Use of Not-for-Profit Accounting and Financial Reporting Principles by Governmental Entities: Aug. 1995: Superseded by 34 and 62; 30. Risk Financing Omnibus—an amendment of GASB Statement No. 10: Feb. 1996: Amended by various GASBS; 31. Accounting and Financial Reporting for Certain Investments and for External Investment Pools: Mar. 1997
The terms equity [for profit enterprise] or net assets [not-for-profit enterprise] represent the residual interest in the assets of an entity that remains after deducting its liabilities (CF E61). Equity accounts include common stock, paid-in capital, and retained earnings. Equity accounts can vary depending where an entity is domiciled as some ...