Statements of Financial Accounting Concepts

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
SFAC
Pronunciation
/ˈsteɪtmənts əv ˌfaɪˈnænʃəl əˈkaʊnɪŋ ˈkɑnsɛpts/
Category
Business
Related Field
Accounting

Examples in Context

  1. The American Statements of Financial Accounting Concepts(SFAC), which was announced in 1978, caused the strong echo among nations.
  2. Since the announcement of American Statements of Financial Accounting Concepts(SFAC) in 1978, the research on Conceptual Framework ( CF ) has been the core of financial accounting theory.

Other meanings of SFAC

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Sustainability Fund Allocation Committee Business
Statement of Financial Accounting Concepts Business
Student Financial Advisory Committee Business
Student Fee Advisory Committee Business
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