Financial Accounting Standards Board definition

Financial Accounting Standards Board means an organization whose mission is to establish and improve standards of financial accounting and reporting for the

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Financial Accounting Standards Board or “FASB” means the board by this name (or its successor) recognized by the United States Securities and Exchange Commission.

Financial Accounting Standards Board means the United States Financial Accounting Standards Board, and any successor or replacement entity.

Examples of Financial Accounting Standards Board in a sentence

GAAP are established by the Financial Accounting Standards Board (“FASB”).
The reserves, if any, established by the Company or the lack of reserves, if applicable, are reasonable based upon facts and circumstances known by the Company on the date hereof and there are no loss contingencies that are required to be accrued by the Statement of Financial Accounting Standard No. 5 of the Financial Accounting Standards Board which are not provided for by the Company in its financial statements or otherwise.
GAAP are established by the Financial Accounting Standards Board ("FASB").
The Company does not have any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations or any “variable interest entities” within the meaning of Financial Accounting Standards Board Interpretation No. 46), not disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus.
Statements of financial accounting standards as prescribed by the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Principles that are (a) consistent with the principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors, as in effect from time to time and (b) consistently applied with past financial statements of the Person adopting the same principles.
The reserves, if any, established by the Company or the lack of reserves, if applicable, are reasonable based upon facts and circumstances known by the Company on the Execution Date and there are no loss contingencies that are required to be accrued by the Statement of Financial Accounting Standard No. 5 of the Financial Accounting Standards Board which are not provided for in the Financial Statements.
For purposes of determining the amount of any outstanding Indebtedness, no effect shall be given to any election by the Borrower to measure an item of Indebtedness using fair value (as permitted by Financial Accounting Standards Board Accounting Standards Codification 825–10–25 (formerly known as FASB 159) or any similar accounting standard).
In the event of any equity restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation-Stock Compensation) that causes the per share value of shares of Common Stock to change, such as a stock dividend, stock split, spinoff, rights offering, or recapitalization through an extraordinary dividend, the terms of this Award, including the number and class of securities subject hereto, shall be appropriately adjusted by the Committee.
For this purpose, “equity restructuring” shall mean an “equity restructuring” as defined in Financial Accounting Standards Board Accounting Standards Codification 718-10 (formerly Statement of Financial Accounting Standards 123R).

More Definitions of Financial Accounting Standards Board

Financial Accounting Standards Board. (“FASB”) means the board whose purpose is to establish GAAP for nongovernmental entities within the United States.

Financial Accounting Standards Board. (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), which are applicable to the circumstances as of the date of determination; PROVIDED, HOWEVER, that for purposes of all computations required to be made with respect to compliance by the Company with SECTIONS 8.15, 8.16, 8.17, 8.18 and 8.19, such term shall mean generally accepted accounting principles as in effect on the date of this Agreement, applied in a manner consistent with those used in preparing the financial statements referred to in SECTION 6.11.

Financial Accounting Standards Board s ("FASB") Statement of Financial Standards ("SFAS") 123, "Accounting for Stock-based Compensation". The Trust also adopted Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3870 "Stock-Based Compensation and other Stock-Based Payments" in 2003. Because the exercise price of the Trust Unit Rights decrease from time to time by unspecified amounts, it is virtually impossible, with the Trust's limited history, to measure Trust Unit Rights compensation cost using an option pricing model. Accordingly, for both Canadian GAAP and U.S. GAAP, compensation expense is determined as the excess of the market price over the exercise price at the end of each reporting period and is deferred and recognized in income over the vesting period of the rights.

Financial Accounting Standards Board means an organization whose mission is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.