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The following is a listing of Major SFAS issued by FASB from time to time since.  The list also contains reference to previous SFAS, which are either amended by the new SFAS or superseded ( marked in Bracket) by it. 

Sl No

SFAS No.

Subject

Amendments/  (Annulments)

1.     

 2

Research and Development Costs

SFAS 68

2.     

3

Interim Financial Statements

APB 28

3.     

5

Accounting for Contingencies

11(ARB 43, ARB 50)

4.     

7

Development Stage Enterprises

FASBI-  7

5.     

13

 

 Leases , Sale and Lease back etc

17, 22, 23, 26,27,28,29

( SFAS 91)

6.     

15

Accounting by Debtors and creditors for Troubled debt Restructuring

 

SFAS 118,  78,76, 4

 

 

APBO 30, APB 26

( 114)

7.     

16

Prior Period Adjustments

SFAS 5

8.     

30

Disclosure of Information about major customers

 

9.     

38

Accounting for Pre acquisition contingencies of purchased enterprises

 

10.  

43

Accounting for compensated absences

 

11.  

45

Franchisee Fee revenue

 

12.  

47

Disclosure of Long Term obligations

 

13.  

48

Revenue recognition when right of return exists

 

14.  

49

Accounting for Product Financing Arrangement

 

15.  

52

Foreign Currency Translation

SFAS 8,1,

16.  

57

Related Party Disclosures

 

 

17.  

61

Accounting for Title Plant

 

18.  

62

Capitalization of Interest Cost

SFAS 58,34,

42

19.  

67

Real estate Projects

 

20.  

77

Reporting by transferors for transfer of receivable with recourse

 

21.  

80

Accounting for Futures Contracts

 

22.  

86

Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed

 

23.  

89

Financial Reporting and Changing Prices:  

SFAS 82,54, 41

,40, 33

24.  

91

Accounting for Non refundable fee

SFAS 13, 17,60,

65

25.  

93

Accounting and Reporting for Not for Profit Organisation

SFAS 136, 124,117,93

26.  

94

Consolidation of all Majority owned subsidiary

APB 51, APB 18, ARB 43

27.  

95

Statement of Cash Flows

SFAS 104,102

28.  

101

Regulated Enterprises

SFAS 92,( 71)

29.  

105

Disclosure of Information about Financial Instruments with Off-Balance-Sheet Risk and Financial Instruments with Concentrations of Credit Risk

 

30.  

107

Disclosures about Fair Value of Financial Instruments

 

31.  

109

Accounting for Income Tax

 

108, 103, 100, 96

32.  

115

Accounting for Certain Investments in Debt and Equity Securities

 

65, ( 12 )

33.  

116

Accounting for contributions received and made

 

34.  

128

Earnings per Share

 

21

35.  

129

Disclosure of Information about Capital Structure

 

36.  

130

Reporting Comprehensive Income

 

37.  

131

 

Disclosures about Segments of an Enterprise and Related Information

SFAS 24,18,14

38.  

132

Employers’ Accounting for Postretirement Benefits, pensions & Other Benefits

SFAS 112,106, 88,87,81, 74,43,36

39.  

133

Derivative Instruments and Hedging Activities

SFAS 149,138,137,119, 20,80,8

40.  

134

Accounting for Mortgage based Security

 SFAS 122, 65

41.  

140

Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities-

 SFAS ( 125,127)

42.  

141

Business Combinations

SFAS 125, 38, APBO 16,

43.  

142

Goodwill and Other Intangible Assets

 

44.  

143

Accounting for Asset Retirement Obligations

 

45.  

144

Accounting for impairment or disposal of long lived assets

SFAS 121

46.  

146

Accounting for Costs Associated with Exit or Disposal Activities

 

47.  

147

Acquisitions of Certain Financial Institutions
 

  SFAS 72 ,  144  

48.  

148

Accounting for Stock-Based Compensation—Transition and Disclosure 

SFAS 123

49.  

150

Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity

 

50.  

151

Inventory Costs

ARB No. 43, Chapter 4

51.  

152

Accounting for Real Estate Time-Sharing Transactions

 SFAS 67,66

52.  

153

Exchanges of Non-monetary Assets

APB 29

53.  

 

Some Industry Specific SFAS

 

       

51

Cable TV Operators

 

       

50

Record and Music Companies

 

       

53(46)

Motion Picture Companies

 

       

44

Motor carrier Companies

 

 

       

63

Broad casting Companies

 

 

       

120

Accounting for certain insurance Companies

SFAS 60,97,113,

FASBI 40

       

69

Disclosure about Gas and Oil Producing Activities

SFAS 39,25,

19

 

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@ Copyright -Sanjoy Banka, FCA,FCS ( Calcutta, India)