What are FASB Pronouncements?

FASB pronouncements are the various issuances of the Financial Accounting Standards Board . Its pronouncements include the following:

• Statements of financial accounting standards

• Statements of financial accounting concepts

• Interpretations

• Technical bulletins

• Staff positions. These are short guidance documents that provide guidance on very specific, narrowly-defined topics.

These pronouncements, as a whole, constitute a set of rules and general guidelines for the reporting of financial information. The pronouncements are part of the accounting framework known as generally accepted accounting principles .

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