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Definitions from the Web

FASB

Description:

FASB stands for the Financial Accounting Standards Board. It is an independent, not-for-profit organization that establishes and improves financial accounting and reporting standards in the United States. FASB standards are recognized as authoritative by the Securities and Exchange Commission (SEC) and are followed by both public and private companies.

Senses:

Noun:

1. FASB (acronym): The Financial Accounting Standards Board.

2. FASB (acronym): The set of accounting standards developed and issued by the Financial Accounting Standards Board.

Adjective:

1. FASB (attributive): Pertaining to the Financial Accounting Standards Board or its standards.

Sample Sentences:

Noun:

1. The FASB plays a crucial role in setting accounting standards in the United States.

2. Publicly-traded companies must comply with the FASB's regulations to ensure accurate financial reporting.

Adjective:

1. The FASB guidelines provide a framework for consistent financial reporting.

2. The auditors reviewed the company's financial statements to ensure they were FASB-compliant.

Related Products:

• FASB Standards Books
• Financial Accounting Textbooks
• Accounting Standards Guides