Accounting Principles Board Opinions, Interpretations and Recommendations were published by the

Accounting Principles Board The Accounting Principles Board (APB) is the former authoritative body of the American Institute of Certified Public Accountants (AICPA). It was created by the American Institute of Certified Public Accountants in 1959 and issued pronouncements on ...

from 1962 to 1973. The board was created by American Institute of Certified Public Accountants (AICPA) in 1959 and was replaced by

Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securi ...

(FASB) in 1973. Its mission was to develop an overall conceptual framework of

US generally accepted accounting principles Generally Accepted Accounting Principles (GAAP or U.S. GAAP, pronounced like "gap") is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) and is the default accounting standard used by companies based in the Uni ...

(US GAAP). APB was the main organization setting the US GAAP and its opinions are still an important part of it. All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.

Accounting Interpretations

The American Institute of Certified Public Accountants issued Accounting Interpretations between 1968 and November 1973, when the Financial Accounting Standards Board took over the issuing of interpretations in June 1974. The Interpretations were not considered pronouncements from the Accounting Principles Board, but Richard C. Lytle, the administrative director of the Accounting Principles Board, was responsible for their preparation. The Interpretations originally appeared in the ''Journal of Accountancy''. For Interpretations see section 9551 of the final edition of the ''APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973''. The interpretation numbers come from the Financial Accounting Board's ''Original Pronouncements as amended 2008/2009 Edition, volume 3''. Also, consult this volume for detailed listing of amendments, deletions, and other changes to the individual interpretations prior to 2009 (when the ''Accounting Standards Codification'' was issued.) Also, consult Fas
Pre-Codification AICPA Copyrighted Standards
for those Interpretations (AIN-APB 9, 18, 20, 21, 26,and 30) that were finally superseded by the ''Codification''. {, class="wikitable sortable" , - bgcolor="#CCCCCC" ! width="150", Date !!width="800", Official title!!width "150", Interpretation No.!!width "200", Comments , - , align="center" , 1970 July , , Computing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101 , , AIN-APB15, , Superseded by FAS 128 , - , align="center" , 1971 March , , Compensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1 , , AIN-ARB43,Ch 13B, , Superseded by APB 25 , - , align="center" , 1971 February and April , , Reporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2 , , AIN-APB9, , Interpretation 2 deleted by FAS 111 , - , align="center" , 1972 March , , Accounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1 , , AIN-APB11, , Superseded by FAS 96 and 109 , - , align="center" , 1970 November , , Deferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1 , , AIN-Key Man Life, , Superseded by FASB Technical Bulletin 85-4 , - , align="center" , 1970 December-1971 April , , Business combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17 , , AIN-APB16, , Superseded by FAS 141 , - , align="center" , 1971 April; 1973 March , , Intangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2 , , AIN-APB17, , Superseded by FAS 142 , - , align="center" , 1968 , , Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28 , , AIN-APB8, , Superseded by FAS 111 , - , align="center" , 1969-1972 March , , Accounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25 , , AIN-APB11, , Superseded by FAS 96 and 109 , - , align="center" , 1971 September , , Computing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102 , , AIN-APB15, , Superseded by FAS 128 , - , align="center" , 1971 September and November , , Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25 , , AIN-APB16, , Superseded by FAS 141 , - , align="center" , 1971 November , , Accounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1 , , AIN-APB7, , Superseded by FAS 111 , - , align="center" , 1971 November-1972 February , , Equity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3 , , AIN-APB18, , Amended by FAS 96 , - , align="center" , 1972 February and June , , Reporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3 , , AIN-APB19, , Superseded by FAS 95 , - , align="center" , 1972 February , , Accounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1 , , AIN-APB4, , , - , align="center" , 1972 February , , Consolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1 , , AIN-ARB51, , Superseded by FAS 111 , - , align="center" , 1971 December-1972 May 31 , , Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36 , , AIN-APB16, , Superseded by FAS 141 , - , align="center" , 1972 March , , Accounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6 , , AIN-APB4, , Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111 , - , align="center" , 1972 June , , Interest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1 , , AIN-APB21, , , - , align="center" , 1972 November-1973 March , , Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39 , , AIN-APB16, , Superseded by FAS 141 , - , align="center" , 1973 March , , Accounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2 , , AIN-APB20, , Superseded by FAS 128 , - , align="center" , 1973 March , , Accounting for income taxes--Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1 , , AIN-APB23, , Superseded by FAS 96 and 109 , - , align="center" , 1973 March , , Early extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1 , , AIN-APB26, , Amended by FAS 111 , - , align="center" , 1973 June , , Accounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1 , , AIN-APB25, , Amended by FAS 196, 111, and 123 , - , align="center" , 1973 November , , Disclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1 , , AIN-APB22, , Superseded by FAS 111 , - , align="center" , 1973 November , , Reporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1 , , AIN-APB30, ,

Accounting Interpretations

See also