Jul 24

Back To Home

Statement of Financial Accounting Standards (SFAS)

The Statement of Financial Accounting Standards (SFAS) describes standards for professional accounting practices and procedures in the United States. Furthermore, it is published by the Financial Accounting Standards Board (FASB). The document lists standard rules and regulations – including many from GAAP – for preparing financial statements. In addition, the FASB intended for these standards to promote uniformity and transparency of corporate accounting practices. In conclusion, all publicly traded companies in the United States must adhere to the rules and regulations described in Statement of Financial Accounting Standards (SFAS).

Statement of Financial Accounting Standards (SFAS) Online

If you want to see the Statement of Financial Accounting Standards, then go to: fasb.org

When accounting standards change, they have the opportunity to change how your company accounts – resulting in disruptions. If you want to overcome obstacles and prepare how your company is going to react to external factors, then download your free External Analysis whitepaper.

Statement of Financial Accounting Standards

[box]Strategic CFO Lab Member Extra

Access your Projections Execution Plan in SCFO Lab. The step-by-step plan to get ahead of your cash flow.

Click here to access your Execution Plan. Not a Lab Member?

Click here to learn more about SCFO Labs[/box]

Statement of Financial Accounting Standards

See Also:
Accrual Based Accounting
Accounting Income vs Economic Income
Chart of Accounts (COA)
The Future of the Accounting Workforce
Accounting for Factored Receivables

Skip to content

See Dates