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  • Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)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  • Superseded by APB Opinion 19, para. 3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  • Superseded by FASB Statement 13, para. 2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  • Superseded by FASB Statement 13, para. 2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  • Superseded by FASB Statement 87, para. 9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  • Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)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  • Superseded by FASB Statement 128, para. 160(a)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  • Superseded by FASB Statement 141, para.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  • Superseded by FASB Statement 142, para.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


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