Statement of Financial Accounting Standards - SFAS

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Definition of 'Statement of Financial Accounting Standards - SFAS'

A formal document issued by the Financial Accounting Standards Board (FASB), which details accounting standards and guidance on selected accounting policies set out by the FASB. These statements of financial accounting standards are issued, with the expectation that all reporting companies listed on American stock exchanges will adhere to them. The standards are created to ensure a higher level of corporate transparency.
Investopedia Says

Investopedia explains 'Statement of Financial Accounting Standards - SFAS'

New SFAS releases can have a huge affect on a business' bottom line. For example, the FAS-123(R), which refers to the expensing of share-based awards, can increase a company's expenses dramatically, often by billions of dollars. FAS-123(R) was created to enable investors and regulators to better evaluate the firm's true option expenses.
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'Statement of Financial Accounting Standards (SFAS)'

  • Footnotes: Early Warning Signs For Investors

    http://www.investopedia.com/articles/analyst/03/101503.asp
    ... The first item is Statement of Financial Accounting Standards (SFAS) 143,
    which is accounting for asset retirement obligations. ...

  • CFA Level 1 Study Guide - Financial Statements - Financial ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/financial-reporting-enforcement.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • CFA Level 1 Study Guide - Financial Statements - Setting and ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/global-accounting-standards.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • CFA Level 1 Study Guide - Assets - Natural Resource Assets ...

    http://www.investopedia.com/exam-guide/cfa-level-1/assets/natural-recource-assets.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • Accounting For Differences In Oil And Gas Accounting

    http://www.investopedia.com/articles/fundamental-analysis/08/oil-gas.asp
    ... method in effect receives regulatory approval because the Financial Accounting
    Standards Board (FASB ... In Statement of Financial Accounting Standard (SFAS) 19 ...

  • CFA Level 1 Study Guide - Financial Statements - Revenue ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/revenue-recognition.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • CFA Level 1 Study Guide - Financial Statements - Balance Sheet ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/balance-sheet-components-marketable-nonmarketable-instruments.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • CFA Level 1 Study Guide - Liabilities - Accounting For Long-Term ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/long-term-liabilities-accounting.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

  • What You Should Know About Inflation

    http://www.investopedia.com/articles/01/021401.asp
    ... for this approach were laid out in Statement of Financial Accounting Standards No. ...
    contended that "inflation causes historical cost financial statements to ...

  • CFA Level 1 Study Guide - Liabilities - Post-Retirement ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/post-retirement-obligations.asp
    ... Discussion and Analysis & Financial Statement Footnotes; ... and Audit Opinion; 6.26
    Financial Reporting Objectives ... Setting and Enforcing Global Accounting Standards. ...

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