FASB Interpretations
From Wikicpa
FASB Interpretations are published by the Financial Accounting Standards Board (FASB). They extend or explain existing standards (primarily published in Statements of Financial Accounting Standards). Interpretations are a part of the U.S. Generally accepted accounting principles (US GAAP). 47 interpretations have been published as of July 2005.
| Number | Title | Issue Date | Changes (para.=paragraph) |
|---|---|---|---|
| 1 | Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. 20 | June 1974 | None |
| 2 | Imputing Interest on Debt Arrangements Made under the Federal Bankruptcy Act—an interpretation of APB Opinion No. 21 | June 1974 | Superseded by FASB Statement 15, para. 10 |
| 3 | Accounting for the Cost of Pension Plans Subject to the Employee Retirement Income Security Act of 1974—an interpretation of APB Opinion No. 8 | December 1974 | Superseded by FASB Statement 87, para. 9 |
| 4 | Applicability of FASB Statement No. 2 to Business Combinations Accounted for by the Purchase Method—an interpretation of FASB Statement No. 2 | February 1975 | Amended |
| 5 | Applicability of FASB Statement No. 2 to Development Stage Enterprises—an interpretation of FASB Statement No. 2 | February 1975 | Superseded by FASB Statement 7, para. 6 |
| 6 | Applicability of FASB Statement No. 2 to Computer Software—an interpretation of FASB Statement No. 2 | February 1975 | Amended & Parts deleted |
| 7 | Applying FASB Statement No. 7 in Financial Statements of Established Operating Enterprises—an interpretation of FASB Statement No. 7 | October 1975 | None |
| 8 | Classification of a Short-Term Obligation Repaid Prior to Being Replaced by a Long-Term Security—an interpretation of FASB Statement No. 6 | January 1976 | None |
| 9 | Applying APB Opinions No. 16 and 17 When a Savings and Loan Association or a Similar Institution is Acquired in a Business Combination Accounted for by the Purchase Method—an interpretation of APB Opinions No. 16 and 17 | February 1976 | Amended & Partially superseded |
| 10 | Application of FASB Statement No. 12 to Personal Financial Statements—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 83, para. 7 |
| 11 | Changes in Market Value after the Balance Sheet Date—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 115, para. 124 |
| 12 | Accounting for Previously Established Allowance Accounts—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 115, para. 124 |
| 13 | Consolidation of a Parent and Its Subsidiaries Having Different Balance Sheet Dates—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 115, para. 124 |
| 14 | Using Reasonable Estimation of the Amount of a Loss—an interpretation of FASB Statement No. 5 | September 1976 | None |
| 15 | Translation of Unamortized Policy Acquisition Costs by a Stock Life Insurance Company—an interpretation of FASB Statement No. 8 | September 1976 | Amended & Superseded by FASB Statement 52, para. 3 |
| 16 | Clarification of Definitions and Accounting for Marketable Equity Securities That Become Nonmarketable—an interpretation of FASB Statement No. 12 | February 1977 | Superseded by FASB Statement 115, para. 124 |
| 17 | Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8 | February 1977 | Superseded by FASB Statement 52, para. 3 |
| 18 | Accounting for Income Taxes in Interim Periods—an interpretation of APB Opinion No. 28 | March 1977 | Amended & Parts deleted or replaced |
| 19 | Lessee Guarantee of the Residual Value of Leased Property—an interpretation of FASB Statement No. 13 | October 1977 | None |
| 20 | Reporting Accounting Changes under AICPA Statements of Position—an interpretation of APB Opinion No. 20 | November 1977 | Amended |
| 21 | Accounting for Leases in a Business Combination—an interpretation of FASB Statement No. 13 | April 1978 | Amended & Parts deleted |
| 22 | Using Applicability of Indefinite Reversal Criteria to Timing Differences—an interpretation of APB Opinions No. 11 and 23 | April 1978 | Amended & Parts deleted, Superseded by FASB Statement 96, para. 203(k), and FASB Statement 109, para. 286(n) |
| 23 | Leases of Certain Property Owned by a Governmental Unit or Authority—an interpretation of FASB Statement No. 13 | August 1978 | None |
| 24 | Using Leases Involving Only Part of a Building—an interpretation of FASB Statement No. 13 | September 1978 | None |
| 25 | Accounting for an Unused Investment Tax Credit—an interpretation of APB Opinions No. 2, 4, 11, and 16 | September 1978 | Parts deleted & Superseded by FASB Statement 96, para. 203(l), and FASB Statement 109, para. 286(o) |
| 26 | Accounting for Purchase of a Leased Asset by the Lessee during the Term of the Lease—an interpretation of FASB Statement No. 13 | September 1978 | None |
| 27 | Accounting for a Loss on a Sublease—an interpretation of FASB Statement No. 13 and APB Opinion No. 30 | November 1978 | Parts deleted |
| 28 | Accounting for Stock Appreciation Rights and Other Variable Stock Option or Award Plans—an interpretation of APB Opinions No. 15 and 25 | December 1978 | Amended & Parts replaced |
| 29 | Reporting Tax Benefits Realized on Disposition of Investments in Certain Subsidiaries and Other lnvestees—an interpretation of APB Opinions No. 23 and 24 | February 1979 | Superseded by FASB Statement 96, para. 203(m), and FASB Statement 109, para. 286(p) |
| 30 | Accounting for Involuntary Conversions of Nonmonetary Assets to Monetary Assets—an interpretation of APB Opinion No. 29 | September 1979 | Amended |
| 31 | Treatment of Stock Compensation Plans in EPS Computations—an interpretation of APB Opinion No. 15 and a modification of FASB Interpretation No. 28 | February 1980 | Amended & Superseded by FASB Statement 128, para. 160(e) |
| 32 | Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11 | March 1980 | Superseded by FASB Statement 96, para. 203(n), and FASB Statement 109, para. 286(q) |
| 33 | Applying FASB Statement No. 34 to Oil and Gas Producing Operations Accounted for by the Full Cost Method—an interpretation of FASB Statement No. 34 | August 1980 | None |
| 34 | Disclosure of Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statement No. 5 | March 1981 | Superseded by FASB Interpretation 45, para. 19 |
| 35 | Criteria for Applying the Equity Method of Accounting for Investments in Common Stock—an interpretation of APB Opinion No. 18 | May 1981 | None |
| 36 | Accounting for Exploratory Wells in Progress at the End of a Period—an interpretation of FASB Statement No. 19 | October 1981 | None |
| 37 | Accounting for Translation Adjustments upon Sale of Part of an Investment in a Foreign Entity—an interpretation of FASB Statement No. 52 | July 1983 | None |
| 38 | Determining the Measurement Date for Stock Option, Purchase, and Award Plans Involving Junior Stock—an interpretation of APB Opinion No. 25 | August 1984 | Amended & Parts replaced |
| 39 | Offsetting of Amounts Related to Certain Contracts—an interpretation of APB Opinion No. 10 and FASB Statement No. 105 | March 1992 | Amended |
| 40 | Applicability of Generally Accepted Accounting Principles to Mutual Life Insurance and Other Enterprises—an interpretation of FASB Statements No. 12, 60, 97, and 113 | April 1993 | Amended |
| 41 | Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements—an interpretation of APB Opinion No. 10 and a modification of FASB Interpretation No. 39 | December 1994 | None |
| 42 | Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116 | September 1996 | Superseded by FASB Statement 136, para. 7 |
| 43 | Real Estate Sales—an interpretation of FASB Statement No. 66 | June 1999 | Amended |
| 44 | Accounting for Certain Transactions involving Stock Compensation—an interpretation of APB Opinion No. 25 | March 2000 | Amended & Parts deleted |
| 45 | Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No. 34 | November 2002 | None |
| 46 | Consolidation of Variable Interest Entities—an interpretation of ARB No. 51 | January 2003 | Superseded by FASB Interpretation 46(R), para. 4 |
| 46(R) | Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51 | December 2003 | Amended |
| 47 | Using Cash Flow Information and Present Value in Accounting Measurements | March 2005 | None |
