List of FASB Interpretations
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'''FASB Interpretations''' are published by the [[Financial Accounting Standards Board]] (FASB). They extend or explain existing standards (primarily published in Statements of Financial Accounting Standards). Interpretations are a part of the [[US GAAP|U.S. Generally accepted accounting principles]] (US GAAP). 48 interpretations have been published as of September 2006.
<table class=wikitable>
<tr><th>No.</th><th>Title</th><th width=9%>Issue Date</th><td align=center width=25%>'''Changes''' <br>(note: para. stands for paragraph)</td></tr>
<tr align=left valign=top><td>1.</td><td>Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. 20</td>
<td>June 1974</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>2.</td><td>Imputing Interest on Debt Arrangements Made under the Federal Bankruptcy Act—an interpretation of APB Opinion No. 21</td>
<td>June 1974</td><td>
<li>Superseded by FASB Statement 15, para. 10</td></tr>
<tr align=left valign=top><td>3.</td><td>Accounting for the Cost of Pension Plans Subject to the Employee Retirement Income Security Act of 1974—an interpretation of APB Opinion No. 8</td>
<td>Dec. 1974</td><td>
<li>Superseded by FASB Statement 87, para. 9</td></tr>
<tr align=left valign=top><td>4.</td><td>Applicability of FASB Statement No. 2 to Business Combinations Accounted for by the Purchase Method—an interpretation of FASB Statement No. 2</td>
<td>Feb. 1975</td><td>
<li>Amended</td></tr>
<tr align=left valign=top><td>5.</td><td>Applicability of FASB Statement No. 2 to Development Stage Enterprises—an interpretation of FASB Statement No. 2</td>
<td> Feb. 1975</td><td>
<li>Superseded by FASB Statement 7, para. 6</td></tr>
<tr align=left valign=top><td>6.</td><td> Applicability of FASB Statement No. 2 to Computer Software—an interpretation of FASB Statement No. 2</td>
<td>Feb. 1975</td><td>
<li>Amended
<li>Parts deleted</td></tr>
<tr align=left valign=top><td>7.</td><td>Applying FASB Statement No. 7 in Financial Statements of Established Operating Enterprises—an interpretation of FASB Statement No. 7</td>
<td>Oct. 1975</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>8.</td><td>Classification of a Short-Term Obligation Repaid Prior to Being Replaced by a Long-Term Security—an interpretation of FASB Statement No. 6</td>
<td>Jan. 1976</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>9.</td><td>Applying APB Opinions No. 16 and 17 When a Savings and Loan Association or a Similar Institution is Acquired in a Business Combination Accounted for by the Purchase Method—an interpretation of APB Opinions No. 16 and 17</td>
<td>Feb. 1976</td><td>
<li>Amended
<li>Partially superseded</td></tr>
<tr align=left valign=top><td>10.</td><td> Application of FASB Statement No. 12 to Personal Financial Statements—an interpretation of FASB Statement No. 12 </td>
<td>Sept. 1976</td><td>
<li>Superseded by FASB Statement 83, para. 7 </td></tr>
<tr align=left valign=top><td>11.</td><td> Changes in Market Value after the Balance Sheet Date—an interpretation of FASB Statement No. 12 </td>
<td>Sept. 1976</td><td>
<li>Superseded by FASB Statement 115, para. 124 </td></tr>
<tr align=left valign=top><td>12.</td><td> Accounting for Previously Established Allowance Accounts—an interpretation of FASB Statement No. 12 </td>
<td>Sept. 1976</td><td>
<li>Superseded by FASB Statement 115, para. 124 </td></tr>
<tr align=left valign=top><td>13.</td><td> Consolidation of a Parent and Its Subsidiaries Having Different Balance Sheet Dates—an interpretation of FASB Statement No. 12 </td>
<td>Sept. 1976</td><td>
<li>Superseded by FASB Statement 115, para. 124 </td></tr>
<tr align=left valign=top><td>14.</td><td>Using Reasonable Estimation of the Amount of a Loss—an interpretation of FASB Statement No. 5 </td>
<td> Sept. 1976</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>15.</td><td> Translation of Unamortized Policy Acquisition Costs by a Stock Life Insurance Company—an interpretation of FASB Statement No. 8</td>
<td> Sept. 1976</td><td>
<li>Amended
<li>Superseded by FASB Statement 52, para. 3</td></tr>
<tr align=left valign=top><td>16.</td><td> Clarification of Definitions and Accounting for Marketable Equity Securities That Become Nonmarketable—an interpretation of FASB Statement No. 12</td>
<td>Feb. 1977</td><td>
<li>Superseded by FASB Statement 115, para. 124</td></tr>
<tr align=left valign=top><td>17.</td><td> Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8</td>
<td>Feb. 1977</td><td>
<li>Superseded by FASB Statement 52, para. 3</td></tr>
<tr align=left valign=top><td>18.</td><td> Accounting for Income Taxes in Interim Periods—an interpretation of APB Opinion No. 28</td>
<td>Mar. 1977</td><td>
<li>Heavily amended
<li>Parts deleted or replaced
</td></tr>
<tr align=left valign=top><td>19.</td><td>Lessee Guarantee of the Residual Value of Leased Property—an interpretation of FASB Statement No. 13</td>
<td>Oct. 1977</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>20.</td><td>Reporting Accounting Changes under AICPA Statements of Position—an interpretation of APB Opinion No. 20</td>
<td>Nov. 1977</td><td>
<li>Amended</td></tr>
<tr align=left valign=top><td>21.</td><td>Accounting for Leases in a Business Combination—an interpretation of FASB Statement No. 13</td>
<td>Apr. 1978</td><td>
<li>Amended
<li>Parts deleted </td></tr>
<tr align=left valign=top><td>22.</td><td>Using Applicability of Indefinite Reversal Criteria to Timing Differences—an interpretation of APB Opinions No. 11 and 23 </td>
<td>Apr. 1978</td><td>
<li>Amended
<li>Parts deleted
<li>Superseded by FASB Statement 96, para. 203(k), and FASB Statement 109, para. 286(n)
</td></tr>
<tr align=left valign=top><td>23.</td><td> Leases of Certain Property Owned by a Governmental Unit or Authority—an interpretation of FASB Statement No. 13 </td>
<td>Aug. 1978</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>24.</td><td>Using Leases Involving Only Part of a Building—an interpretation of FASB Statement No. 13 </td>
<td>Sept. 1978</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>25.</td><td> Accounting for an Unused Investment Tax Credit—an interpretation of APB Opinions No. 2, 4, 11, and 16 </td>
<td>Sept. 1978</td><td>
<li>Parts deleted
<li>Superseded by FASB Statement 96, para. 203(l), and FASB Statement 109, para. 286(o)
</td></tr>
<tr align=left valign=top><td>26.</td><td> Accounting for Purchase of a Leased Asset by the Lessee during the Term of the Lease—an interpretation of FASB Statement No. 13 </td>
<td>Sept. 1978</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>27.</td><td> Accounting for a Loss on a Sublease—an interpretation of FASB Statement No. 13 and APB Opinion No. 30 </td>
<td>Nov. 1978</td><td>
<li>Parts deleted</td></tr>
<tr align=left valign=top><td>28.</td><td>Accounting for Stock Appreciation Rights and Other Variable Stock Option or Award Plans—an interpretation of APB Opinions No. 15 and 25</td>
<td>Dec. 1978</td><td>
<li>Amended
<li>Parts replaced</td></tr>
<tr align=left valign=top><td>29.</td><td>Reporting Tax Benefits Realized on Disposition of Investments in Certain Subsidiaries and Other lnvestees—an interpretation of APB Opinions No. 23 and 24</td>
<td>Feb. 1979</td><td>
<li>Superseded by FASB Statement 96, para. 203(m), and FASB Statement 109, para. 286(p)</td></tr>
<tr align=left valign=top><td>30.</td><td> Accounting for Involuntary Conversions of Nonmonetary Assets to Monetary Assets—an interpretation of APB Opinion No. 29</td>
<td>Sept. 1979</td><td>
<li>Amended</td></tr>
<tr align=left valign=top><td>31.</td><td>Treatment of Stock Compensation Plans in EPS Computations—an interpretation of APB Opinion No. 15 and a modification of FASB Interpretation No. 28</td>
<td>Feb. 1980</td><td>
<li>Amended
<li>Superseded by FASB Statement 128, para. 160(e) </td></tr>
<tr align=left valign=top><td>32.</td><td> Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11 </td>
<td>Mar. 1980</td><td>
<li>Superseded by FASB Statement 96, para. 203(n), and FASB Statement 109, para. 286(q) </td></tr>
<tr align=left valign=top><td>33.</td><td> Applying FASB Statement No. 34 to Oil and Gas Producing Operations Accounted for by the Full Cost Method—an interpretation of FASB Statement No. 34 </td>
<td>Aug. 1980</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>34.</td><td> Disclosure of Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statement No. 5 </td>
<td>Mar. 1981</td><td>
<li>Superseded by FASB Interpretation 45, para. 19 </td></tr>
<tr align=left valign=top><td>35.</td><td> Criteria for Applying the Equity Method of Accounting for Investments in Common Stock—an interpretation of APB Opinion No. 18 </td>
<td>May 1981</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>36.</td><td> Accounting for Exploratory Wells in Progress at the End of a Period—an interpretation of FASB Statement No. 19 </td>
<td>Oct. 1981</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>37.</td><td> Accounting for Translation Adjustments upon Sale of Part of an Investment in a Foreign Entity—an interpretation of FASB Statement No. 52 </td>
<td>July 1983</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>38.</td><td> Determining the Measurement Date for Stock Option, Purchase, and Award Plans Involving Junior Stock—an interpretation of APB Opinion No. 25 </td>
<td>Aug. 1984</td><td>
<li>Amended
<li>Parts replaced</td></tr>
<tr align=left valign=top><td>39.</td><td> Offsetting of Amounts Related to Certain Contracts—an interpretation of APB Opinion No. 10 and FASB Statement No. 105 </td>
<td>Mar. 1992</td><td>
<li>Amended</td></tr>
<tr align=left valign=top><td>40.</td><td> Applicability of Generally Accepted Accounting Principles to Mutual Life Insurance and Other Enterprises—an interpretation of FASB Statements No. 12, 60, 97, and 113 </td>
<td>Apr. 1993</td><td>
<li>Amended </td></tr>
<tr align=left valign=top><td>41.</td><td> Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements—an interpretation of APB Opinion No. 10 and a modification of FASB Interpretation No. 39 </td>
<td>Dec. 1994</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>42.</td><td> Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116 </td>
<td>Sept. 1996</td><td>
<li>Superseded by FASB Statement 136, para. 7 </td></tr>
<tr align=left valign=top><td>43.</td><td> Real Estate Sales—an interpretation of FASB Statement No. 66 </td>
<td>June 1999</td><td>
<li>Amended </td></tr>
<tr align=left valign=top><td>44.</td><td> Accounting for Certain Transactions involving Stock Compensation—an interpretation of APB Opinion No. 25 </td>
<td>Mar. 2000</td><td>
<li>Amended
<li>Parts deleted </td></tr>
<tr align=left valign=top><td>45.</td><td> Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No. 34 </td>
<td>Nov. 2002</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>[[FIN46|46]].</td><td> Consolidation of Variable Interest Entities—an interpretation of ARB No. 51 </td>
<td>Jan. 2003</td><td>
<li>Superseded by FASB Interpretation 46(R), para. 4 </td></tr>
<tr align=left valign=top><td>46(R)</td><td>Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51</td>
<td>Dec. 2003</td><td>
<li>Amended</td></tr>
<tr align=left valign=top><td>47.</td><td>Accounting for Conditional Asset Retirement Obligations—an interpretation of FASB Statement No. 143</td>
<td>Mar. 2005</td><td>
<li>None</td></tr>
<tr align=left valign=top><td>48.</td><td>Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109</td>
<td>Jun. 2006</td><td>
<li>Amended
<li>Parts deleted </td></tr>
</table>
==External links==
* [[US GAAP|U.S. Generally accepted accounting principles]]
* [[Financial Accounting Standards Board]]
* [http://www.fasb.org/st/#int48 FASB Interpretations - Full Text, Summary, and Status]
[[Category:US GAAP]]