FASB meaning in Accounts and Finance ?

Answer:

What is Financial Accounting Standards Board mean?

The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the US. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973. The FASB is run by the nonprofit Financial Accounting Foundation.

FASB accounting standards are accepted as authoritative by many organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA).

reference

Full Form	Category
Fatty Acid Synthase B	Academic & Science
Financial Accounting Standards Board	Accounts and Finance
A Financial Accountants State Board	Business
A Financial Accounting Statements Bureau	Business
Factory Authorized Service Center	Business
Financial Accounting Services Board	Business
Financial Accounting Standard Board	Business
Financial Accounting Standarts Board	Business
Florida Association of School Boards	Community
Frederick Albert Sutton Building	General
Furukawa Automotive Systems Do Brasil	General
Fitness and Amateur Sport Branch	Sports