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List of Accounting Principles Board Opinions

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Accounting Principles Board Opinions, Interpretations and Recommendations were published by the Accounting Principles Board 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 (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. All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.

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|+Opinions

! No.

! Title

! width=9% | Issue Date

! align=center width=40% | Changes {{nobold|(note: para. stands for paragraph)}}

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| 1.

| New Depreciation Guidelines and Rules [https://egrove.olemiss.edu/aicpa_assoc/132 full-text]

| Nov. 1962

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)
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| 2.

| Accounting for the "Investment Credit" [https://egrove.olemiss.edu/aicpa_comm/24 full-text]

| Dec. 1962

|

  • Amended
  • Parts deleted or replaced
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| 3.

| The Statement of Source and Application of Funds [https://egrove.olemiss.edu/aicpa_assoc/146 full-text]

| Oct. 1963

|

  • Superseded by APB Opinion 19, para. 3
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| 4.

| Accounting for the "Investment Credit" [https://egrove.olemiss.edu/aicpa_comm/23 full-text]

| Mar. 1964

|

  • None
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| 5.

| Reporting of Leases in Financial Statements of Lessee [https://egrove.olemiss.edu/aicpa_assoc/149 full-text]

| Sept. 1964

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
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| 6.

| Status of Accounting Research Bulletins [https://egrove.olemiss.edu/aicpa_assoc/150 full-text]

| Oct. 1965

|

  • Amended
  • Many parts deleted
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| 7.

| Accounting for Leases in Financial Statements of Lessors [https://egrove.olemiss.edu/aicpa_comm/20 full-text]

| May 1966

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
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| 8.

| Accounting for the Cost of Pension Plans [https://egrove.olemiss.edu/aicpa_comm/25 full-text]

| Nov. 1966

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 87, para. 9
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| 9.

| Reporting the Results of Operations [https://egrove.olemiss.edu/aicpa_assoc/151 full-text]

| Dec. 1966

|

  • Amended
  • Many parts deleted
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| 10.

| Omnibus Opinion-1966 [https://egrove.olemiss.edu/aicpa_assoc/133 full-text]

| Dec. 1966

|

  • Amended
  • Many parts deleted
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| 11.

| Accounting for Income Taxes [https://egrove.olemiss.edu/aicpa_comm/14 full-text]

| Dec. 1967

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
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| 12.

| Omnibus Opinion—1967 [https://egrove.olemiss.edu/aicpa_assoc/134 full-text]

| Dec. 1967

|

  • Amended
  • Parts deleted or replaced
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| 13.

| Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks [https://egrove.olemiss.edu/aicpa_assoc/135 full-text]

| Mar. 1969

|

  • None
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| 14.

| Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants [https://egrove.olemiss.edu/aicpa_comm/17 full-text]

| Mar. 1969

|

  • None
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| 15.

| Earnings per Share [https://egrove.olemiss.edu/aicpa_assoc/136 full-text]

| May. 1969

|

  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 128, para. 160(a)
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| 16.

| Business Combinations [https://egrove.olemiss.edu/aicpa_assoc/137 full-text]

| Aug. 1970

|

  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 141, para. E1(a)
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| 17.

| Intangible Assets [https://egrove.olemiss.edu/aicpa_assoc/138 full-text]

| Aug. 1970

|

  • Amended
  • Parts deleted
  • Superseded by FASB Statement 142, para. D1(a)
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| 18.

| The Equity Method of Accounting for Investments in Common Stock [https://egrove.olemiss.edu/aicpa_assoc/139 full-text]

| Mar. 1971

|

  • Heavily amended
  • Parts deleted or replaced
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| 19.

| Reporting Changes in Financial Position [https://egrove.olemiss.edu/aicpa_assoc/140 full-text]

| Mar. 1971

|

  • Amended
  • Superseded by FASB Statement 95, para. 150
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| 20.

| Accounting Changes [https://egrove.olemiss.edu/aicpa_comm/18 full-text]

| July. 1971

|

  • Heavily amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 154, para. C1(a)
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| 21.

| Interest on Receivables and Payables [https://egrove.olemiss.edu/aicpa_assoc/142 full-text]

| Aug. 1971

|

  • Amended
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| 22.

| Disclosure of Accounting Policies [https://egrove.olemiss.edu/aicpa_assoc/143 full-text]

| Apr. 1972

|

  • Amended
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| 23.

| Accounting for Income Taxes-Special Areas [https://egrove.olemiss.edu/aicpa_comm/16 full-text]

| Apr. 1972

|

  • Heavily amended
  • Parts deleted or replaced
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| 24.

| Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures) [https://egrove.olemiss.edu/aicpa_comm/15 full-text]

| Apr. 1972

|

  • Parts deleted
  • Superseded by FASB Statement 96, para. 203(d), and FASB Statement 109, para. 286(d)
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| 25.

| Accounting for Stock Issued to Employees [https://egrove.olemiss.edu/aicpa_comm/22 full-text]

| Oct. 1972

|

  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 123r, para. D7
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| 26.

| Early Extinguishment of Debt [https://egrove.olemiss.edu/aicpa_assoc/144 full-text]

| Oct. 1972

|

  • Amended
  • Parts replaced
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| 27.

| Accounting for Lease Transactions by Manufacturer or Dealer Lessors [https://egrove.olemiss.edu/aicpa_comm/19 full-text]

| Nov. 1972

|

  • Superseded by FASB Statement 13, para. 2
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| 28.

| Interim Financial Reporting [https://egrove.olemiss.edu/aicpa_assoc/145 full-text]

| May. 1973

|

  • Heavily amended
  • Parts replaced
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| 29.

| Accounting for Nonmonetary Transactions [https://egrove.olemiss.edu/aicpa_comm/21 full-text]

| May. 1973

|

  • Amended
  • Parts deleted, added, or replaced
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| 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 [https://egrove.olemiss.edu/aicpa_assoc/147 full-text]

| June. 1973

|

  • Heavily amended
  • Parts deleted or replaced
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| 31.

| Disclosure of Lease Commitments by Lessees [https://egrove.olemiss.edu/aicpa_assoc/148 full-text]

| June. 1973

|

  • Superseded by FASB Statement 13, para. 2

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|+Statements

! width="35"|No. !! width="100"|Date !!width="800"|Official title

align="center" |11962 April 13Statement by the Accounting Principles Board. See also section 9001 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973.
align="center" |21967 SeptemberDisclosure of supplemental financial information by diversified companies [https://egrove.olemiss.edu/aicpa_assoc/170 full-text]
align="center" |31969 JuneFinancial statements restated for general price-level changes [https://egrove.olemiss.edu/aicpa_assoc/171 full-text]
align="center" |41970 OctoberBasic concepts and accounting principles underlying financial statements of business enterprises [https://egrove.olemiss.edu/aicpa_assoc/172 full-text]

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|+Original Pronouncements and Current Text

! width="100"|Date !!width="800"|Official title

align="center" | 1968 May 1APB accounting principles: volume 1: Current text as of May 1, 1968 [https://egrove.olemiss.edu/aicpa_assoc/152 full-text]
align="center" | 1968 May 1APB accounting principles: volume 2: Original pronouncements as of May 1, 1968 [https://egrove.olemiss.edu/aicpa_assoc/161 full-text]
align="center" | 1969 August 1APB accounting principles: volume 1: Current text as of August 1, 1969 [https://egrove.olemiss.edu/aicpa_assoc/153 full-text]
align="center" | 1969 August 1APB accounting principles: volume 2: Original pronouncements as of August 1, 1969 [https://egrove.olemiss.edu/aicpa_assoc/162 full-text]
align="center" | 1970 September 1APB accounting principles: volume 1: Current text as of September 1, 1970 [https://egrove.olemiss.edu/aicpa_assoc/154 full-text]
align="center" | 1970 September 1APB accounting principles: volume 2: Original pronouncements as of September 1, 1970 [https://egrove.olemiss.edu/aicpa_assoc/163 full-text]
align="center" | 1971 February 1APB accounting principles: volume 1: Current text as of February 1, 1971 [https://egrove.olemiss.edu/aicpa_assoc/156 full-text]
align="center" | 1971 February 1APB accounting principles: volume 2: Original pronouncements as of February 1, 1971 [https://egrove.olemiss.edu/aicpa_assoc/165 full-text]
align="center" | 1971 December 1APB accounting principles: volume 1: Current text as of December 1, 1971 [https://egrove.olemiss.edu/aicpa_assoc/155 full-text]
align="center" | 1971 December 1APB accounting principles: volume 2: Original pronouncements as of December 1, 1971 [https://egrove.olemiss.edu/aicpa_assoc/164 full-text]
align="center" | 1972 September 1APB accounting principles: volume 1: Current text as of September 1, 1972 [https://egrove.olemiss.edu/aicpa_assoc/157 full-text]
align="center" | 1972 September 1APB accounting principles: volume 2: Original pronouncements as of September 1, 1972 [https://egrove.olemiss.edu/aicpa_assoc/160 full-text]
align="center" | 1973 June 30APB accounting principles: volume 1: Current text as of June 30, 1973 [https://egrove.olemiss.edu/aicpa_assoc/159 full-text]
align="center" | 1973 June 30APB accounting principles: volume 2: Original pronouncements as of June 30, 1973 [https://egrove.olemiss.edu/aicpa_assoc/167 full-text]

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 Fasb [http://www.fasb.org/cs/ContentServer?c=Page&pagename=FASB%2FPage%2FPreCodSectionPage&cid=1176156405418 Pre-Codification AICPA Copyrighted Standards] for those Interpretations (AIN-APB 9, 18, 20, 21, 26,and 30) that were finally superseded by the Codification.

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! width="150"|Date !!width="800"|Official title!!width "150"|Interpretation No.!!width "200"|Comments

align="center" |1970 JulyComputing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101AIN-APB15Superseded by FAS 128
align="center" |1971 MarchCompensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1AIN-ARB43,Ch 13BSuperseded by APB 25
align="center" |1971 February and AprilReporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2AIN-APB9Interpretation 2 deleted by FAS 111
align="center" |1972 MarchAccounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1AIN-APB11Superseded by FAS 96 and 109
align="center" |1970 NovemberDeferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1AIN-Key Man LifeSuperseded by FASB Technical Bulletin 85-4
align="center" |1970 December-1971 AprilBusiness combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17AIN-APB16Superseded by FAS 141
align="center" |1971 April; 1973 MarchIntangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2AIN-APB17Superseded by FAS 142
align="center" |1968Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28AIN-APB8Superseded by FAS 111
align="center" |1969-1972 MarchAccounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25AIN-APB11Superseded by FAS 96 and 109
align="center" |1971 SeptemberComputing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102AIN-APB15Superseded by FAS 128
align="center" |1971 September and NovemberBusiness combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25AIN-APB16Superseded by FAS 141
align="center" |1971 NovemberAccounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1AIN-APB7Superseded by FAS 111
align="center" |1971 November-1972 FebruaryEquity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3AIN-APB18Amended by FAS 96
align="center" |1972 February and JuneReporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3AIN-APB19Superseded by FAS 95
align="center" |1972 FebruaryAccounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1AIN-APB4
align="center" |1972 FebruaryConsolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1AIN-ARB51Superseded by FAS 111
align="center" |1971 December-1972 May 31Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36AIN-APB16Superseded by FAS 141
align="center" |1972 MarchAccounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6AIN-APB4Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111
align="center" |1972 JuneInterest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1AIN-APB21
align="center" |1972 November-1973 MarchBusiness combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39AIN-APB16Superseded by FAS 141
align="center" |1973 MarchAccounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2AIN-APB20Superseded by FAS 128
align="center" |1973 MarchAccounting for income taxes--Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1AIN-APB23Superseded by FAS 96 and 109
align="center" |1973 MarchEarly extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1AIN-APB26Amended by FAS 111
align="center" |1973 JuneAccounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1AIN-APB25Amended by FAS 196, 111, and 123
align="center" |1973 NovemberDisclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1AIN-APB22Superseded by FAS 111
align="center" |1973 NovemberReporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1AIN-APB30

See also

Category:United States Generally Accepted Accounting Principles