BNET Business Dictionary
Business Definition for: SFAS
- Statement of Financial Accounting Standards
Additional Resources
- The predictive ability of geographic segment disclosures by U.S. companies: SFAS No. 131 vs. SFAS No. 14.
- ABSTRACT This research considers whether recent modifications to segment reporting adequately address analysts' concerns regarding the usefulness of geographic data. Forecast errors for models utilizing SFAS No. 131 geographic sales data are compared to forecast errors for models utilizing SFAS No. 14 geographic sales data. The results indicate...
- Research articles 2002-01-01
- Who is an employee: Some implications of SFAS No. 123
- In October 1995, after much controversy and concern, the FASB issued SFAS No. 123, Accounting for Stock Based Compensation. In spite of its title, the reality is that, for most situations, SFAS No. 123 specifies "disclosure" rather than "accounting" standards, since it is clear that the vast majority of companies...
- Research articles 1998-06-01
- Goodwill Valuation Under SFAS 142
- This article is about SFAS 142 raises many issues for business valuation experts, auditors, and managers. It unravel the complex and confusing threads of SFAS 142's requirement to assess whether goodwill has been impaired and to revalue it if necessary. It analyzes FASB's fair value concept in the context of...
- White papers 2003-01-01
- Frontier Financial Corporation Elects Early Adoptions of SFAS 159 and 157
- Frontier Financial Corporation (NASDAQ: FTBK), has elected early adoption of Statements of Financial Accounting Standard SFAS 157 and 159, effective January 1, 2007. SFAS 157, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principals GAAP, and expands disclosures about fair...
- Research articles 2007-04-17
- Alternative approaches to testing hedge effectiveness under SFAS No. 133.
- INTRODUCTION Statement of Financial Accounting Standards SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities, as amended by SFAS No. 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities--An Amendment of FASH Statement No. 133, prescribes comprehensive new rules for accounting for derivative instruments (FASB 1998,2000)....
- Research articles 2002-06-01
- SFAS No. 115: new accounting rules for investments in debt and equity securities. (Statement of Financial Accounting Standards)
- SFAS No. 115 supersedes SFAS No. 12 and amends SFAS No. 65. No. 115 provides a situational approach for investments in debt and equity that have readily-determinable fair values which is based on managerial intent regarding investments in financial instruments. (Reprinted by permission of the publisher.)Financial instruments are risky investments.(1)...
- Research articles 1994-02-01
- Will SFAS 157 Achieve A Higher And Better Use?: Financial Reporting For Real Estate
- When Statements of Financial Accounting Standards SFAS 157 is fully implemented with regard to real estate assets, companies will need to look beyond their own intended use for an asset and instead consider the asset's highest and best use for financial reporting purposes. As this may be a significant change...
- White papers 2008-05-06
- Auditing deferred tax valuation allowances: the intersection of SAS 57 and SFAS 109.(Accounting & Auditing Update)
- Statement of Financial Accounting Standards SFAS 109, Accounting for Income Taxes, specifies criteria to be considered in recording a valuation allowance to reduce deferred tax assets to the amount that is expected to be realized ("more likely tStatement of Financial Accounting Standards SFAS 109, Accounting for...
- Research articles 1997-02-01
- Zale Corporation Clarifies Impact Of SFAS 133
- DALLAS -- As disclosed in its Form 10-K filed today, Zale Corporation (NYSE: ZLC) is subject to derivative accounting for its derivative instruments under SFAS 133 "Accounting for Derivative Instruments and Hedging Activities." SFAS 133 requires the Company to mark-to-market forward gold and silver contracts used in its hedging strategy...
- Research articles 2006-10-13
- ACCOUNTING FOR DERIVATIVES UNDER SFAS No. 133.
- The Financial Accounting Standards Board FASB recently released SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities. This pronouncement is the result of prolonged deliberations that began in 1992 due to the increased use and complexity of derivatives, resulting in growing concern about the accounting...
- Research articles 2000-03-01
- Accounting for contributions: the controversy and resolution of SFAS No. 116. (Statement of Financial Accounting Standards Number 116)
- What contributed assets must a business capitalize? What contributed services constitute a revenue and/or an expense? With the issuance of SFAS No. 116, FASB has answered these questions. (Reprinted by permission of the publisher.)Since 1986, the Financial Accounting Standards Board FASB has been struggling with the establishment of accounting...
- Research articles 1994-06-01
- Analysis of SFAS 157, Fair Value Measurements
- Starting Point for Making Difficult Valuations Issued by FASB in 2006, SFAS 157, Fair Value Measurements, provides a comprehensive framework plus specific implementation guidance on the measurement of fair value and required disclosures. It supersedes the piecemeal guidance on fair value contained in previous standards. The 2006 standard...
- Research articles 2008-01-01
- SFAS 141 and 142: Relevance to prior and future mergers and acquisitions in the oil, gas, and energy industry
- Accounting for business combinations was dramatically changed in 2001. New accounting standards will impact accounting for goodwill by firms in the energy field, and the impact will be greatest for those firms with substantial amounts of goodwill on their books. In June of 2001 the Financial Accounting Standards Board FASB...
- Research articles 2002-10-01
- effect of SFAS 135 technical corrections on measurement of net periodic pension expense, The
- For fiscal periods ending after February 15, 1999, the net periodic pension cost will reflect the actual return on assets held by corporate pension funds. The inclu sion of the actual return instead of the previously required expected return is due to the issuance of SFAS 135, Rescission of FASB...
- Research articles 2000-05-01
- Implementation of SFAS 138, amendments to SFAS 133
- In June 2000, FASB issued SFAS 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities-an amendment of FASB Statement No. 133. It includes the following four major amendments: * The normal purchases and normal sales exception is expanded to certain commodity contracts. * The risk that can...
- Research articles 2001-11-01
- SFAS 115: a victory for fair value accounting
- Statement on Financial Accounting Standards No. 115 (SFAS 115), Accounting for Certain Investments in Debt and Equity Securities, represents another victory for proponents of fair value accounting. Accounting for financial instruments i general has recently been a priority of the FASB. Previous standards have focused on disclosures of fair value....
- Research articles 1994-10-01
- Abraxas Announces the Adoption of Fair Value Method of Accounting for Stock-Based Compensation Under SFAS 123R
- SAN ANTONIO -- Abraxas Petroleum Corporation (AMEX:ABP) announced today that it adopted the fair value method of accounting for stock-based compensation under Statement of Financial Accounting Standards No. 123, as revised ("SFAS 123R"), during the fourth quarter of 2005, as allowed by the Securities and Exchange Commission. This adoption will...
- Research articles 2006-01-27
- Segment reporting transparency—caveat emptor: financial analysts, M&A managers, and others need to understand The required segment reporting disclosures under SFAS no. 131. The authors offer some of its key points and a glimpse into the manageria
- EXECUTIVE SUMMARY Cooper Tire & Rubber adheres to the standards prescribed in SFAS No. 131, whereas Briggs & Stratton and Caterpillar follow the "management approach" in reconciling their segment numbers to their enterprise numbers. Despite their diverging from SFAS No. 131, the annual reports of the latter two companies received...
- Research articles 2006-09-22
- Fair value measurements in impairment testing: how SFAS No. 157 increases consistency and comparability
- Abstract In September 2006, the Financial Accounting Standards Board issued a new standard, Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). Prior to this Statement, U.S. Generally Accepted Accounting Principles included different definitions of fair value, and limited and dispersed application measurement guidance. SFAS 157...
- Research articles 2007-10-01
- Testing Hedge Effectiveness Under SFAS 133
- SFAS 133, Accounting for Derivative Instruments and Hedging Activities, marked a large step forward in FASB's quest to record financial instruments at fair value. The new accounting for hedges can introduce some complexity into the financial statements that can be avoided if the hedge qualifies as a "highly effective" hedge....
- White papers 2003-01-01
