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 All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.

Opinions
No. Title Issue Date Changes (note: para. stands for paragraph)
1. New Depreciation Guidelines and Rules full-text 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  • Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)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" full-text Dec. 1962
  • Amended
  • Parts deleted or replaced
3. The Statement of Source and Application of Funds full-text Oct. 1963
  • Superseded by APB Opinion 19, para. 3
4. Accounting for the "Investment Credit" full-text Mar. 1964
  • None
5. Reporting of Leases in Financial Statements of Lessee full-text Sept. 1964
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
6. Status of Accounting Research Bulletins full-text Oct. 1965
  • Amended
  • Many parts deleted
7. Accounting for Leases in Financial Statements of Lessors full-text May 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 13, para. 2
8. Accounting for the Cost of Pension Plans full-text Nov. 1966
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 87, para. 9
9. Reporting the Results of Operations full-text Dec. 1966
  • Amended
  • Many parts deleted
10. Omnibus Opinion-1966 full-text Dec. 1966
  • Amended
  • Many parts deleted
11. Accounting for Income Taxes full-text Dec. 1967
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
12. Omnibus Opinion—1967 full-text Dec. 1967
  • Amended
  • Parts deleted or replaced
13. Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks full-text Mar. 1969
  • None
14. Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants full-text Mar. 1969
  • None
15. Earnings per Share full-text May. 1969
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 128, para. 160(a)
16. Business Combinations full-text Aug. 1970
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 141, para. E1(a)
17. Intangible Assets full-text Aug. 1970
  • Amended
  • Parts deleted
  • Superseded by FASB Statement 142, para. D1(a)
18. The Equity Method of Accounting for Investments in Common Stock full-text Mar. 1971
  • Heavily amended
  • Parts deleted or replaced
19. Reporting Changes in Financial Position full-text Mar. 1971
  • Amended
  • Superseded by FASB Statement 95, para. 150
20. Accounting Changes full-text July. 1971
  • Heavily amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 154, para. C1(a)
21. Interest on Receivables and Payables full-text Aug. 1971
  • Amended
22. Disclosure of Accounting Policies full-text Apr. 1972
  • Amended
23. Accounting for Income Taxes-Special Areas full-text 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) full-text 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 full-text Oct. 1972
  • Amended
  • Parts deleted or replaced
  • Superseded by FASB Statement 123r, para. D7
26. Early Extinguishment of Debt full-text Oct. 1972
  • Amended
  • Parts replaced
27. Accounting for Lease Transactions by Manufacturer or Dealer Lessors full-text Nov. 1972
  • Superseded by FASB Statement 13, para. 2
28. Interim Financial Reporting full-text May. 1973
  • Heavily amended
  • Parts replaced
29. Accounting for Nonmonetary Transactions full-text 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 full-text June. 1973
  • Heavily amended
  • Parts deleted or replaced
31. Disclosure of Lease Commitments by Lessees full-text June. 1973
  • Superseded by FASB Statement 13, para. 2
Statements
No. Date Official title
1 1962 April 13 Statement by the Accounting Principles Board full-text
2 1967 September Disclosure of supplemental financial information by diversified companies full-text
3 1969 June Financial statements restated for general price-level changes full-text
4 1970 October Basic concepts and accounting principles underlying financial statements of business enterprises full-text

Accounting Interpretations[edit]

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. The links below go to 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 Pre-Codification AICPA Copyrighted Standards for those Interpretations (AIN-APB 9, 18, 20, 21, 26,and 30) that were finally superseded by the Codification.

Date Official title Interpretation No. Comments
1970 July Computing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101 full-text AIN-APB15 Superseded by FAS 128
1971 March Compensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1 full-text AIN-ARB43,Ch 13B Superseded by APB 25
1971 February and April Reporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2 full-text AIN-APB9 Interpretation 2 deleted by FAS 111
1972 March Accounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1 full-text AIN-APB11 Superseded by FAS 96 and 109
1970 November Deferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1 full-text AIN-Key Man Life Superseded by FASB Technical Bulletin 85-4
1970 December-1971 April Business combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17 full-text AIN-APB16 Superseded by FAS 141
1971 April; 1973 March Intangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2 full-text AIN-APB17 Superseded by FAS 142
1968 Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28 full-text AIN-APB8 Superseded by FAS 111
1969-1972 March Accounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25 full-text AIN-APB11 Superseded by FAS 96 and 109
1971 September Computing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102 full-text AIN-APB15 Superseded by FAS 128
1971 September and November Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25 full-text AIN-APB16 Superseded by FAS 141
1971 November Accounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1 full-text AIN-APB7 Superseded by FAS 111
1971 November-1972 February Equity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3 full-text AIN-APB18 Amended by FAS 96
1972 February and June Reporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3 full-text AIN-APB19 Superseded by FAS 95
1972 February Accounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1 full-text AIN-APB4
1972 February Consolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1 full-text AIN-ARB51 Superseded by FAS 111
1971 December-1972 May 31 Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36 full-text AIN-APB16 Superseded by FAS 141
1972 March Accounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6 full-text AIN-APB4 Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111
1972 June Interest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1 full-text AIN-APB21
1972 November-1973 March Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39 full-text AIN-APB16 Superseded by FAS 141
1973 March Accounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2 full-textfull-text AIN-APB20 Superseded by FAS 128
1973 March Accounting for income taxes--Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1 full-text AIN-APB23 Superseded by FAS 96 and 109
1973 March Early extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1 full-text AIN-APB26 Amended by FAS 111
1973 June Accounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1 full-text AIN-APB25 Amended by FAS 196, 111, and 123
1973 November Disclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1 full-text AIN-APB22 Superseded by FAS 111
1973 November Reporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1 full-text AIN-APB30

See also[edit]