APB Opinions

From Wikicpa

Accounting Principles Board (APB) Opinions were published by Accounting Principles Board (APB). The board was created by American Institute of Certified Public Accountants (AICPA) in 1959 and was replaced by Financial Accounting Standards Board (FASB) in 1973. Its mission was to develop an overall conceptual framework of US generally accepted accounting principles (US GAAP). APB was the main organization setting the US GAAP and its opinions are still an important part of it.

Number	Title	Issue Date	Changes (note: para. = paragraph)
1	New Depreciation Guidelines and Rules	November 1962	Amended & Parts deleted, Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)
2	Accounting for the "Investment Credit"	December 1962	Amended & Parts deleted or replaced
3	The Statement of Source and Application of Funds	October 1963	Superseded by APB Opinion 19, para. 3
4	Accounting for the "Investment Credit"	March 1964	None
5	Reporting of Leases in Financial Statements of Lessee	September 1964	Amended & Parts deleted, Superseded by FASB Statement 13, para. 2
6	Status of Accounting Research Bulletins	October 1965	Amended & 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7	Accounting for Leases in Financial Statements of Lessors	May 1966	Amended & Parts deleted, Superseded by FASB Statement 13, para. 2
8	Accounting for the Cost of Pension Plans	November 1966	Amended & Parts deleted, Superseded by FASB Statement 87, para. 9
9	Reporting the Results of Operations	December 1966	Amended & Parts deleted
10	Omnibus Opinion-1966	December 1966	Amended & Parts deleted
11	Accounting for Income Taxes	December 1967	Amended & Parts deleted, Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
12	Omnibus Opinion—1967	December 1967	Amended & Parts deleted or replaced
13	Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks	March 1969	None
14	Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants	March 1969	None
15	Earnings per Share	May 1969	Amended & Parts deleted or replaced, Superseded by FASB Statement 128, para. 160(a)
16	Business Combinations	August 1970	Amended & Parts deleted or replaced, Superseded by FASB Statement 141, para. E1(a)
17	Intangible Assets	August 1970	Amended & Parts deleted, Superseded by FASB Statement 142, para. D1(a)
18	The Equity Method of Accounting for Investments in Common Stock	March 1971	Heavily amended & Parts deleted or replaced
19	Reporting Changes in Financial Position	March 1971	Amended, Superseded by FASB Statement 95, para. 150
20	Accounting Changes	July 1971	Heavily amended & Parts deleted or replaced
21	Interest on Receivables and Payables	August 1971	Amended
22	Disclosure of Accounting Policies	April 1972	Amended
23	Accounting for Income Taxes-Special Areas	April 1972	Heavily amended & Parts deleted or replaced
24	Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures)	April 1972	Parts deleted, Superseded by FASB Statement 96, para. 203(d), and FASB Statement 109, para. 286(d)
25	Accounting for Stock Issued to Employees	October 1972	Amended & Parts deleted or replaced
26	Early Extinguishment of Debt	October 1972	Amended & Parts replaced
27	Accounting for Lease Transactions by Manufacturer or Dealer Lessors	November 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