FASB Interpretations
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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on Debt Arrangements Made under the Federal Bankruptcy Act—an interpretation of APB Opinion No. 21 | June 1974 | Superseded by FASB Statement 15, para. 10 |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Subject to the Employee Retirement Income Security Act of 1974—an interpretation of APB Opinion No. 8 | December 1974 | Superseded by FASB Statement 87, para. 9 |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of FASB Statement No. 2 to Development Stage Enterprises—an interpretation of FASB Statement No. 2 | February 1975 | Superseded by FASB Statement 7, para. 6 |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for by the Purchase Method—an interpretation of APB Opinions No. 16 and 17 | February 1976 | Amended & Partially superseded |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of FASB Statement No. 12 to Personal Financial Statements—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 83, para. 7 |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11 | Changes in Market Value after the Balance Sheet Date—an interpretation of FASB Statement No. 12 | September 1976 | Superseded by FASB Statement 115, para. 124 |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 |
