Statements of Financial Accounting Concepts: Accounting Standards as of June 1, 2002

By Financial Accounting Standards Board

The FASB Statements of Financial Accounting Concepts contains the full text of the seven Statements of Financial Accounting Concepts issued to date. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish Generally Accepted Accounting Principles.

• Format: Paperback
• Language: English
• ISBN: 0471218588
• ISBN13: 9780471218586
• Release Date: August 2002
• Publisher: Wiley
• Length: 365 Pages

Customer Reviews

The Constitution for Accounting

This book is the outline for all FASB,SFASs.Any new SFAS is judged to be within the limits of the SFAC.The "C" stands for "Concepts" I say it stands for "Constitution".It is good to know the core of what you are applying in your every day professional life.