ASB | Tags | Accounting Terms Lexicon

Definitions

ASB Accounting Standards Financial Reporting UK Accounting Financial Reporting Council (FRC) Financial Reporting Standards (FRS) Dearing Report Urgent Issues Task Force (UITF)

The Accounting Standards Board (ASB) was the recognised body for setting accounting standards in the UK from its establishment in 1990 until its functions were subsumed under the Financial Reporting Council (FRC) in 2012.

Definitions

Accounting Standards Committee (ASC)

Accounting Standards Committee ASC Accounting Financial Reporting United Kingdom ASB SSAP SORP

The Accounting Standards Committee (ASC) was a joint committee established in 1976 to create and issue accounting standards in the UK. It was later replaced by the Accounting Standards Board (ASB) due to concerns about its effectiveness.

Definitions

ASB (Accounting Standards Board / Asset-Backed Security)

ASB Accounting Standards Board Asset-Backed Security Financial Instruments Accounting Standards Securities

The abbreviation ASB can refer to two distinct financial terms: the Accounting Standards Board, which oversees the development and implementation of accounting standards, and asset-backed security, a financial instrument backed by an underlying asset.

Definitions

Committee on Accounting for Smaller Entities (CASE)

Committee on Accounting for Smaller Entities CASE Accounting Standards Board ASB Financial Reporting Standard for Smaller Entities FRSSE Small Business Accounting UK Accounting Standards

A specialist committee established by the Accounting Standards Board to advise on the application of accounting standards to smaller entities.

Definitions

Financial Reporting Standard for Smaller Entities (FRSSE)

Financial Reporting Standard for Smaller Entities FRSSE Accounting Standards Small Entities ASB Financial Reporting Small Companies

The Financial Reporting Standard for Smaller Entities (FRSSE) was a former accounting standard by the Accounting Standards Board (ASB). It provided simplified financial reporting requirements for small entities.

Definitions

Statement of Principles

Statement of Principles Accounting Standards Conceptual Framework Financial Reporting UK Accounting ASB Financial Statements

A significant document issued by the Accounting Standards Board (ASB) intended to establish a conceptual framework for UK accounting standards, comprising seven key chapters and serving as the cornerstone for the Financial Reporting Standard Applicable in the UK and Republic of Ireland.