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Financial Accounting Standards Board (FASB)

Financial Accounting Standards Board (FASB) definition - business

Financial Accounting Standards Board (FASB)

The independent accounting organization that determines the standards for financial accounting and reporting. The rules set by the FASB play a large role in determining the numbers that companies show the financial analysts and stockholders. See also exposure draft, FASB statement, Government Accounting Standards Board.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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