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The following information is about Financial Accounting Standards Board (FASB).

Financial Accounting Standards Board (FASB) Defined

An independent board responsible, since 1973, for establishing generally accepted accounting principles. Its official pronouncement are called "Statements of Financial Accounting Standards" and "Interpretations of Financial Accounting Standards."

This definition is in context to Energy. See more contextual defintions for Financial Accounting Standards Board (FASB).


State to save HBOS and RBS

Published October 12, 2008, 3:05 pm, Times Online

THE government will launch the biggest rescue of Britain’s high-street banks tomorrow when the UK’s four biggest institutions ask for a £35 billion financial lifeline.

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Accounting board eases write-down rules

Published October 10, 2008, 8:53 am, USA Today

The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market and could boost their balance sheets.

Full Story


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Tue Jul 4

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