Financial Accounting Standards Board. The independent body of accountants responsible for establishing, interpreting, and improving standards for financial accounting and reporting. — Abbr. FASB. [Cases: Accountants 5. C.J.S. Accountants §§ 6–10.]
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Financial Accounting Standards Board (FASB) 87 财务会计标准委员会第87号 为由美国财务会议标准委员会制订的一项养老金会计制度。实施这项制度的目的，是阐明养老金会计制度使投资者、雇主、雇员知道某一养老金计划的资产负债情况。该制度要求公司把有关养老金计划的相关数字反映到公司收入说明中。以前，公司可以在收表中以注脚的方式载明有关数字。而且在新的要求下，养老金计划的预期负债，要根据市场利率每年重新计算。这样，公司的养老年金负债就随市场利率而升降，因而影响着公司的收入状况和资产负债表。
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generally accepted accounting principles. The conventions, rules, and procedures that define approved ac-counting practices at a particular time. • These principles are issued by the Financial Accounting Standards Board for use by accountants in preparing financial statements. The principles include not only broad guidelines of general application but also detailed practices and procedures. — Abbr.
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FASB statement. An official pronouncement from the Financial Accounting Standards Board establishing a given financial-accounting practice as acceptable. [Cases: Accountants 3. 1.]