Statement Of Financial Accounting Concepts 2002

The FASB Statements of Financial Accounting Concepts contains the full text of the seven Statements of Financial Accounting Concepts issued to date. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish Generally Accepted Accounting Principles.

The 2002 FASB Accounting Standards publications give accounting professionals and financial executives a complete source of the current authoritative accounting pronouncements issued by the FASB and its predecessors.

 ORIGINAL PRONOUNCEMENTS

The 2002 Original Pronouncements contains the FASB and AICPA pronouncements in three volumes:

• Original Pronouncements: Volume I--FASB Statement 1-100 (0-471-21860-X2)
• Original Pronouncements: Volume II--FASB Statements 101-145 (0-471-21860-X)
• Original Pronouncements: Volume III--AICPA Pronouncements and FASB Interpretations, Concepts Statements, and Technical Bulletins (0-471-21860-X)

Features:

• Paragraphs containing amended standards are shaded to alert the reader.
• Status pages before each pronouncement. Completely superseded pronouncements that may no longer be applied are omitted, and status pages ate retained for those omitted pronouncements.
• EITF Issues are cross-referenced on applicable status pages.
• Separate appendixes identify amended paragraphs, effective dates for all pronouncements, and topics discussed by the FASB Emergency Issues Task Force (EITF).
• Volume III contains the appendixes and a topical index to material in the Original Pronouncements and Current Text volumes, EITF Issues, and the FASBs question-and-answer Special Reports.

CURRENT TEXT
The 2002 Current Text is an integration of financial accounting and reporting standards arranged by topic for General and Industry Standards and includes all current effective (as of June 1, 2001) FASB Statements, Interpretations, and Technical Bulleting and AICPA APB Opinions, Interpretations, and Accounting Research Bulletins in two volumes:

• Current Text: Volume I--General Standard (0-471-21856-1)
• Current Text: Volume II--Industry Standards (0-471-21854-5)

Features

• Arranged alphabetically by topics for easy reference.
• EITF Issues are listed by topic and where applicable linked to specific paragraphs.
• Topical index is included in both Volumes I and II for the convenience of the reader.
• Links Current Text paragraphs to the original pronouncements in a Volume II appendix.
• Contains the appendixes as described above for Volume II of Original Pronouncements.

STATEMENTS OF FINANCIAL ACCOUNTING CONCEPTS (0-471-21858-8)
The FASB Statements of Financial Accounting Concepts are published in a separate volume, which includes an index for easy reference. The Concepts are also included in Volume III of Original Pronouncements.

Any accountant or financial executive who needs to refer to FASB pronouncements will not want to be without these timely accounting publications.