List of APB Opinions

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Accounting Principles Board (APB) Opinions were published by Accounting Principles Board (APB). The board was created by American Institute of Certified Public Accountants (AICPA) in 1959 and was replaced by Financial Accounting Standards Board (FASB) in 1973. Its mission was to develop an overall conceptual framework of US generally accepted accounting principles (US GAAP). APB was the main organization setting the US GAAP and its opinions are still an important part of it.

No.	Title	Issue Date	Changes (note: para. stands for paragraph)
1.	New Depreciation Guidelines and Rules	Nov. 1962	Amended Parts deleted Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)
2.	Accounting for the "Investment Credit"	Dec. 1962	Amended Parts deleted or replaced
3.	The Statement of Source and Application of Funds	Oct. 1963	Superseded by APB Opinion 19, para. 3
4.	Accounting for the "Investment Credit"	Mar. 1964	None
5.	Reporting of Leases in Financial Statements of Lessee	Sept. 1964	Amended Parts deleted Superseded by FASB Statement 13, para. 2
6.	Status of Accounting Research Bulletins	Oct. 1965	Amended Many parts deleted
7.	Accounting for Leases in Financial Statements of Lessors	May 1966	Amended Parts deleted Superseded by FASB Statement 13, para. 2
8.	Accounting for the Cost of Pension Plans	Nov. 1966	Amended Parts deleted Superseded by FASB Statement 87, para. 9
9.	Reporting the Results of Operations	Dec. 1966	Amended Many parts deleted
10.	Omnibus Opinion-1966	Dec. 1966	Amended Many parts deleted
11.	Accounting for Income Taxes	Dec. 1967	Amended Parts deleted Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
12.	Omnibus Opinion—1967	Dec. 1967	Amended Parts deleted or replaced
13.	Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks	Mar. 1969	None
14.	Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants	Mar. 1969	None
15.	Earnings per Share	May. 1969	Amended Parts deleted or replaced Superseded by FASB Statement 128, para. 160(a)
16.	Business Combinations	Aug. 1970	Amended Parts deleted or replaced Superseded by FASB Statement 141, para. E1(a)
17.	Intangible Assets	Aug. 1970	Amended Parts deleted Superseded by FASB Statement 142, para. D1(a)
18.	The Equity Method of Accounting for Investments in Common Stock	Mar. 1971	Heavily amended Parts deleted or replaced
19.	Reporting Changes in Financial Position	Mar. 1971	Amended Superseded by FASB Statement 95, para. 150
20.	Accounting Changes	July. 1971	Heavily amended Parts deleted or replaced Superseded by FASB Statement 154, para. C1(a)
21.	Interest on Receivables and Payables	Aug. 1971	Amended
22.	Disclosure of Accounting Policies	Apr. 1972	Amended
23.	Accounting for Income Taxes-Special Areas	Apr. 1972	Heavily amended Parts deleted or replaced
24.	Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures)	Apr. 1972	Parts deleted Superseded by FASB Statement 96, para. 203(d), and FASB Statement 109, para. 286(d)
25.	Accounting for Stock Issued to Employees	Oct. 1972	Amended Parts deleted or replaced Superseded by FASB Statement 123r, para. D7
26.	Early Extinguishment of Debt	Oct. 1972	Amended Parts replaced
27.	Accounting for Lease Transactions by Manufacturer or Dealer Lessors	Nov. 1972	Superseded by FASB Statement 13, para. 2
28.	Interim Financial Reporting	May. 1973	Heavily amended Parts replaced
29.	Accounting for Nonmonetary Transactions	May. 1973	Amended Parts deleted, added, or replaced
30.	Reporting the Results of Operations-Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions	June. 1973	Heavily amended Parts deleted or replaced
31.	Disclosure of Lease Commitments by Lessees	June. 1973	Superseded by FASB Statement 13, para. 2

[edit] External links

• American Institute of Certified Public Accountants
• Financial Accounting Standards Board
• US GAAP