Dictionary.com
Thesaurus.com

Financial Accounting Standards Board

American  

noun

  1. an independent organization founded in 1973, responsible chiefly for establishing generally accepted accounting principles. FASB


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

The Financial Accounting Standards Board, which sets accounting rules for U.S. companies and nonprofits, has no projects on the standard-setting agenda to explore requiring a breakdown of construction in progress, Chair Rich Jones said.

From The Wall Street Journal ● Dec. 24, 2025

In the 1970s, a new nonprofit, the Financial Accounting Standards Board, was established with government endorsement to replace the discredited Accounting Principles Board.

From Barron's ● Oct. 13, 2025

Large companies also could try to lobby the nongovernmental Financial Accounting Standards Board for favorable changes to the rules for calculating book income.

From Reuters ● Aug. 11, 2022

The Financial Accounting Standards Board, a private organization run by a seven-member board, determine how quarterly and annual profits are calculated.

From New York Times ● Aug. 4, 2022

Since 2007, publicly traded firms have been required to estimate the likelihood of each tax benefit they take being rejected or approved by authorities, according to the Financial Accounting Standards Board.

From Seattle Times ● Jul. 14, 2021

Vocabulary.com logo
by dictionary.com

Just like flashcards, but way more fun

Don't take our word for it. Leave the boring studying behind and join VocabTrainer today. You'll learn even faster and never look back.

Take me to Vocabulary.com