SFAC

(redirected from Statements of Financial Accounting Concepts)
AcronymDefinition
SFACSan Francisco Arts Commission
SFACSoldier Family Assistance Center (various locations)
SFACSitka Fine Arts Camp (Sitka, AR)
SFACStatements of Financial Accounting Concepts (business/finance)
SFACSuburban Fine Arts Center
SFACSyndicat Français des Assureurs Conseils (French: French Union of Insurers Tips; Paris, France)
SFACSociété Française d'Assurance Crédit (French: French Credit Insurance Union)
SFACSacramento Fine Arts Center (California)
SFACSociété Française d'Archéologie Classique (French: French Society of Classical Archeology; est. 1967)
SFACShop Floor Automation and Control (manufacturing)
SFACSaves for a Cure, Inc. (Edison, NJ)
References in periodicals archive ?
SFAS 52, Foreign Currency Translation," introduces another nonowner change to the equity, section of the balance sheet, but, in the intervening years following SFAS 12, the FASB had issued three Statements of Financial Accounting Concepts SFACS) which prepared a theoretical foundation for this treatment.
The FASB's original conceptual framework was issued in a series of seven Statements of Financial Accounting Concepts (SFACs or Concept Statements) between 1978 and 2000.
The Financial Accounting Standards Board has issued a series of Statements of Financial Accounting Concepts (SFACs).
Between 1978 and 2000, it issued seven pronouncements entitled Statements of Financial Accounting Concepts (SFAC).
One is a series of Statements of Financial Accounting Concepts that explains the broad principles underlying GAAP as applied to all publicly traded U.S.
The Financial Accounting Standards Board (FASB) issued a series of Statements of Financial Accounting Concepts (Concepts Statements) between 1978 and 1985 that established a conceptual framework for financial accounting and reporting.
Other accounting literature includes, for example, FASB Statements of Financial Accounting Concepts; APB Statements; AICPA Issues Papers; International Accounting Standards of the International accounting Standards Committee; GASB Statements, Interpretations or Technical Bulletins; pronouncements of other professional associations or regulatory agencies; Technical Information Service Inquiries and Replies included in AICPA Technical Practice Aids; and accounting textbooks, handbooks and articles.
13, the FASB issued the first of a series of Statements of Financial Accounting Concepts. During the ensuing decade, the FASB exposed, debated, and eventually adopted five more Concepts Statements.
It needs to remove those portions of existing statements that represent implementation guidance and identify them as guidance, and to combine those elements of existing statements that are conceptual with the current statements of financial accounting concepts (SFAC).
Principles-based standards provide general guidance or concepts, similar to FASB's Statements of Financial Accounting Concepts (SFAC), while rules-based standards are more specific and provide specific guidelines, such as FASB's Statements of Financial Accounting Standards (SFAS).
25 This discussion is based on the conceptual principles presented in FASB's Statements of Financial Accounting Concepts Nos.
The FASB framework consists of a series of five Statements of Financial Accounting Concepts (SFAC) related to this topic:
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