Financial Accounting Standards Board

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
FASB
Pronunciation
/ˌfaɪˈnænʃəl əˈkaʊnɪŋ ˈstændərdz bɔrd/
Category
Business
Related Field
Accounting

Examples in Context

  1. The most prominent among them is the Financial Accounting Standards Board(FASB).
  2. Both the international accounting standards board and its US counterpart, the financial accounting standards board, are currently developing proposals to change the contents of the main financial statements.
  3. Bob Herz, chairman of the US financial accounting standards board, said he anticipated that the reaction from US retail banks and regulators " will not be very warm ".
  4. But as Bob Herz, chairman of America's Financial Accounting Standards Board(FASB), points out, it too is " replete with all sorts of guesses ", such as depreciation rates.
  5. Both the IASB and the US Financial Accounting Standards Board(FASB) have been forced to change their rules in the past year, both times with the net effect of flattering banks ' earnings.

Other meanings of FASB

Fitness and Amateur Sport Branch Sports
Factory Authorized Service Center Business
Florida Association of School Boards Community
Financial Accounting Services Board Business
A Financial Accountants State Board Business
A Financial Accounting Statements Bureau Business