List of Accounting Principles Board Opinions explained

Accounting Principles Board Opinions, Interpretations and Recommendations were published by the Accounting Principles Board from 1962 to 1973. 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. All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.

Issue Date! align=center width=40%
Changes
1.New Depreciation Guidelines and Rules full-textNov. 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  • Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)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" full-textDec. 1962
  • Amended
  • Parts deleted or replaced
3.The Statement of Source and Application of Funds full-textOct. 1963
  • Superseded by APB Opinion 19, para. 3
4.Accounting for the "Investment Credit" full-textMar. 1964
  • None
5.Reporting of Leases in Financial Statements of Lessee full-textSept. 1964
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
6.Status of Accounting Research Bulletins full-textOct. 1965
  • Amended
  • Many parts deleted
7.Accounting for Leases in Financial Statements of Lessors full-textMay 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
8.Accounting for the Cost of Pension Plans full-textNov. 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 87, para. 9
9.Reporting the Results of Operations full-textDec. 1966
  • Amended
  • Many parts deleted
10.Omnibus Opinion-1966 full-textDec. 1966
  • Amended
  • Many parts deleted
11.Accounting for Income Taxes full-textDec. 1967
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
12.Omnibus Opinion—1967 full-textDec. 1967
  • Amended
  • Parts deleted or replaced
13.Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks full-textMar. 1969
  • None
14.Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants full-textMar. 1969
  • None
15.Earnings per Share full-textMay. 1969
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 128, para. 160(a)
16.Business Combinations full-textAug. 1970
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 141, para. E1(a)
17.Intangible Assets full-textAug. 1970
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 142, para. D1(a)
18.The Equity Method of Accounting for Investments in Common Stock full-textMar. 1971
  • Heavily amended
  • Parts deleted or replaced
19.Reporting Changes in Financial Position full-textMar. 1971
  • Amended
  • Superseded by FASB Statement 95, para. 150
20.Accounting Changes full-textJuly. 1971
  • Heavily amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 154, para. C1(a)
21.Interest on Receivables and Payables full-textAug. 1971
  • Amended
22.Disclosure of Accounting Policies full-textApr. 1972
  • Amended
23.Accounting for Income Taxes-Special Areas full-textApr. 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) full-textApr. 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 full-textOct. 1972
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 123r, para. D7
26.Early Extinguishment of Debt full-textOct. 1972
  • Amended
  • Parts replaced
27.Accounting for Lease Transactions by Manufacturer or Dealer Lessors full-textNov. 1972
  • Superseded by FASB Statement 13, para. 2
28.Interim Financial Reporting full-textMay. 1973
  • Heavily amended
  • Parts replaced
29.Accounting for Nonmonetary Transactions full-textMay. 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 full-textJune. 1973
  • Heavily amended
  • Parts deleted or replaced
31.Disclosure of Lease Commitments by Lessees full-textJune. 1973
  • Superseded by FASB Statement 13, para. 2
No. !! width="100"
Date !Official title
11962 April 13 Statement by the Accounting Principles Board. See also section 9001 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973.
21967 September Disclosure of supplemental financial information by diversified companies full-text
31969 June Financial statements restated for general price-level changes full-text
41970 October Basic concepts and accounting principles underlying financial statements of business enterprises full-text
Date !!width="800"
Official title
1968 May 1 APB accounting principles: volume 1: Current text as of May 1, 1968 full-text
1968 May 1 APB accounting principles: volume 2: Original pronouncements as of May 1, 1968 full-text
1969 August 1 APB accounting principles: volume 1: Current text as of August 1, 1969 full-text
1969 August 1 APB accounting principles: volume 2: Original pronouncements as of August 1, 1969 full-text
1970 September 1 APB accounting principles: volume 1: Current text as of September 1, 1970 full-text
1970 September 1 APB accounting principles: volume 2: Original pronouncements as of September 1, 1970 full-text
1971 February 1 APB accounting principles: volume 1: Current text as of February 1, 1971 full-text
1971 February 1 APB accounting principles: volume 2: Original pronouncements as of February 1, 1971 full-text
1971 December 1 APB accounting principles: volume 1: Current text as of December 1, 1971 full-text
1971 December 1 APB accounting principles: volume 2: Original pronouncements as of December 1, 1971 full-text
1972 September 1 APB accounting principles: volume 1: Current text as of September 1, 1972 full-text
1972 September 1 APB accounting principles: volume 2: Original pronouncements as of September 1, 1972 full-text
1973 June 30 APB accounting principles: volume 1: Current text as of June 30, 1973 full-text
1973 June 30 APB accounting principles: volume 2: Original pronouncements as of June 30, 1973 full-text

Accounting Interpretations

The American Institute of Certified Public Accountants issued Accounting Interpretations between 1968 and November 1973, when the Financial Accounting Standards Board took over the issuing of interpretations in June 1974. The Interpretations were not considered pronouncements from the Accounting Principles Board, but Richard C. Lytle, the administrative director of the Accounting Principles Board, was responsible for their preparation. The Interpretations originally appeared in the Journal of Accountancy. For Interpretations see section 9551 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973. The interpretation numbers come from the Financial Accounting Board's Original Pronouncements as amended 2008/2009 Edition, volume 3. Also, consult this volume for detailed listing of amendments, deletions, and other changes to the individual interpretations prior to 2009 (when the Accounting Standards Codification was issued.) Also, consult Fasb Pre-Codification AICPA Copyrighted Standards for those Interpretations (AIN-APB 9, 18, 20, 21, 26,and 30) that were finally superseded by the Codification.

Date Official titlewidth "150"Interpretation No.!width "200"Comments
1970 July Computing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101 AIN-APB15Superseded by FAS 128
1971 March Compensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1 AIN-ARB43,Ch 13BSuperseded by APB 25
1971 February and April Reporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2 AIN-APB9Interpretation 2 deleted by FAS 111
1972 March Accounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1 AIN-APB11Superseded by FAS 96 and 109
1970 November Deferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1 AIN-Key Man LifeSuperseded by FASB Technical Bulletin 85-4
1970 December-1971 April Business combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17 AIN-APB16Superseded by FAS 141
1971 April; 1973 March Intangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2 AIN-APB17Superseded by FAS 142
1968 Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28 AIN-APB8Superseded by FAS 111
1969-1972 March Accounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25 AIN-APB11Superseded by FAS 96 and 109
1971 September Computing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102 AIN-APB15Superseded by FAS 128
1971 September and November Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25 AIN-APB16Superseded by FAS 141
1971 November Accounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1 AIN-APB7Superseded by FAS 111
1971 November-1972 February Equity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3 AIN-APB18Amended by FAS 96
1972 February and June Reporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3 AIN-APB19Superseded by FAS 95
1972 February Accounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1 AIN-APB4
1972 February Consolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1 AIN-ARB51Superseded by FAS 111
1971 December-1972 May 31 Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36 AIN-APB16Superseded by FAS 141
1972 March Accounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6 AIN-APB4Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111
1972 June Interest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1 AIN-APB21
1972 November-1973 March Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39 AIN-APB16Superseded by FAS 141
1973 March Accounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2 AIN-APB20Superseded by FAS 128
1973 March Accounting for income taxes--Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1 AIN-APB23Superseded by FAS 96 and 109
1973 March Early extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1 AIN-APB26Amended by FAS 111
1973 June Accounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1 AIN-APB25Amended by FAS 196, 111, and 123
1973 November Disclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1 AIN-APB22Superseded by FAS 111
1973 November Reporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1 AIN-APB30

See also

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "List of Accounting Principles Board Opinions".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.