title: List of FASB Interpretations
text: # List of FASB Interpretations
  
  FASB Interpretations are published by the Financial Accounting Standards Board (FASB). They extend or explain existing standards (primarily published in Statements of Financial Accounting Standards). Interpretations are a part of the U.S. Generally accepted accounting principles (US GAAP). 48 interpretations have been published as of September 2006.
  
  | No. | Title | Issue Date | Changes (note: para. stands for paragraph) |
  | - | - | - | - |
  | 1. | Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. 20 | June 1974 | None |
  | 2. | Imputing Interest on Debt Arrangements Made under the Federal Bankruptcy Act—an interpretation of APB Opinion No. 21 | June 1974 | Superseded by FASB Statement 15, para. 10 |
  | 3. | Accounting for the Cost of Pension Plans Subject to the Employee Retirement Income Security Act of 1974—an interpretation of APB Opinion No. 8 | Dec. 1974 | Superseded by FASB Statement 87, para. 9 |
  | 4. | Applicability of FASB Statement No. 2 to Business Combinations Accounted for by the Purchase Method—an interpretation of FASB Statement No. 2 | Feb. 1975 | Amended |
  | 5. | Applicability of FASB Statement No. 2 to Development Stage Enterprises—an interpretation of FASB Statement No. 2 | Feb. 1975 | Superseded by FASB Statement 7, para. 6 |
  | 6. | Applicability of FASB Statement No. 2 to Computer Software—an interpretation of FASB Statement No. 2 | Feb. 1975 | Amended Parts deleted |
  | 7. | Applying FASB Statement No. 7 in Financial Statements of Established Operating Enterprises—an interpretation of FASB Statement No. 7 | Oct. 1975 | None |
  | 8. | Classification of a Short-Term Obligation Repaid Prior to Being Replaced by a Long-Term Security—an interpretation of FASB Statement No. 6 | Jan. 1976 | None |
  | 9. | Applying APB Opinions No. 16 and 17 When a Savings and Loan Association or a Similar Institution is Acquired in a Business Combination Accounted for by the Purchase Method—an interpretation of APB Opinions No. 16 and 17 | Feb. 1976 | Amended Partially superseded |
  | 10. | Application of FASB Statement No. 12 to Personal Financial Statements—an interpretation of FASB Statement No. 12 | Sept. 1976 | Superseded by FASB Statement 83, para. 7 |
  | 11. | Changes in Market Value after the Balance Sheet Date—an interpretation of FASB Statement No. 12 | Sept. 1976 | Superseded by FASB Statement 115, para. 124 |
  | 12. | Accounting for Previously Established Allowance Accounts—an interpretation of FASB Statement No. 12 | Sept. 1976 | Superseded by FASB Statement 115, para. 124 |
  | 13. | Consolidation of a Parent and Its Subsidiaries Having Different Balance Sheet Dates—an interpretation of FASB Statement No. 12 | Sept. 1976 | Superseded by FASB Statement 115, para. 124 |
  | 14. | Using Reasonable Estimation of the Amount of a Loss—an interpretation of FASB Statement No. 5 | Sept. 1976 | None |
  | 15. | Translation of Unamortized Policy Acquisition Costs by a Stock Life Insurance Company—an interpretation of FASB Statement No. 8 | Sept. 1976 | Amended Superseded by FASB Statement 52, para. 3 |
  | 16. | Clarification of Definitions and Accounting for Marketable Equity Securities That Become Nonmarketable—an interpretation of FASB Statement No. 12 | Feb. 1977 | Superseded by FASB Statement 115, para. 124 |
  | 17. | Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8 | Feb. 1977 | Superseded by FASB Statement 52, para. 3 |
  | 18. | Accounting for Income Taxes in Interim Periods—an interpretation of APB Opinion No. 28 | Mar. 1977 | Heavily amended Parts deleted or replaced |
  | 19. | Lessee Guarantee of the Residual Value of Leased Property—an interpretation of FASB Statement No. 13 | Oct. 1977 | None |
  | 20. | Reporting Accounting Changes under AICPA Statements of Position—an interpretation of APB Opinion No. 20 | Nov. 1977 | Amended |
  | 21. | Accounting for Leases in a Business Combination—an interpretation of FASB Statement No. 13 | Apr. 1978 | Amended Parts deleted |
  | 22. | Using Applicability of Indefinite Reversal Criteria to Timing Differences—an interpretation of APB Opinions No. 11 and 23 | Apr. 1978 | Amended Parts deleted Superseded by FASB Statement 96, para. 203(k), and FASB Statement 109, para. 286(n) |
  | 23. | Leases of Certain Property Owned by a Governmental Unit or Authority—an interpretation of FASB Statement No. 13 | Aug. 1978 | None |
  | 24. | Using Leases Involving Only Part of a Building—an interpretation of FASB Statement No. 13 | Sept. 1978 | None |
  | 25. | Accounting for an Unused Investment Tax Credit—an interpretation of APB Opinions No. 2, 4, 11, and 16 | Sept. 1978 | Parts deleted Superseded by FASB Statement 96, para. 203(l), and FASB Statement 109, para. 286(o) |
  | 26. | Accounting for Purchase of a Leased Asset by the Lessee during the Term of the Lease—an interpretation of FASB Statement No. 13 | Sept. 1978 | None |
  | 27. | Accounting for a Loss on a Sublease—an interpretation of FASB Statement No. 13 and APB Opinion No. 30 | Nov. 1978 | Parts deleted |
  | 28. | Accounting for Stock Appreciation Rights and Other Variable Stock Option or Award Plans—an interpretation of APB Opinions No. 15 and 25 | Dec. 1978 | Amended Parts replaced |
  | 29. | Reporting Tax Benefits Realized on Disposition of Investments in Certain Subsidiaries and Other Investees—an interpretation of APB Opinions No. 23 and 24 | Feb. 1979 | Superseded by FASB Statement 96, para. 203(m), and FASB Statement 109, para. 286(p) |
  | 30. | Accounting for Involuntary Conversions of Nonmonetary Assets to Monetary Assets—an interpretation of APB Opinion No. 29 | Sept. 1979 | Amended |
  | 31. | Treatment of Stock Compensation Plans in EPS Computations—an interpretation of APB Opinion No. 15 and a modification of FASB Interpretation No. 28 | Feb. 1980 | Amended Superseded by FASB Statement 128, para. 160(e) |
  | 32. | Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11 | Mar. 1980 | Superseded by FASB Statement 96, para. 203(n), and FASB Statement 109, para. 286(q) |
  | 33. | Applying FASB Statement No. 34 to Oil and Gas Producing Operations Accounted for by the Full Cost Method—an interpretation of FASB Statement No. 34 | Aug. 1980 | None |
  | 34. | Disclosure of Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statement No. 5 | Mar. 1981 | Superseded by FASB Interpretation 45, para. 19 |
  | 35. | Criteria for Applying the Equity Method of Accounting for Investments in Common Stock—an interpretation of APB Opinion No. 18 | May 1981 | None |
  | 36. | Accounting for Exploratory Wells in Progress at the End of a Period—an interpretation of FASB Statement No. 19 | Oct. 1981 | None |
  | 37. | Accounting for Translation Adjustments upon Sale of Part of an Investment in a Foreign Entity—an interpretation of FASB Statement No. 52 | July 1983 | None |
  | 38. | Determining the Measurement Date for Stock Option, Purchase, and Award Plans Involving Junior Stock—an interpretation of APB Opinion No. 25 | Aug. 1984 | Amended Parts replaced |
  | 39. | Offsetting of Amounts Related to Certain Contracts—an interpretation of APB Opinion No. 10 and FASB Statement No. 105 | Mar. 1992 | Amended |
  | 40. | Applicability of Generally Accepted Accounting Principles to Mutual Life Insurance and Other Enterprises—an interpretation of FASB Statements No. 12, 60, 97, and 113 | Apr. 1993 | Amended |
  | 41. | Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements—an interpretation of APB Opinion No. 10 and a modification of FASB Interpretation No. 39 | Dec. 1994 | None |
  | 42. | Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116 | Sept. 1996 | Superseded by FASB Statement 136, para. 7 |
  | 43. | Real Estate Sales—an interpretation of FASB Statement No. 66 | June 1999 | Amended |
  | 44. | Accounting for Certain Transactions involving Stock Compensation—an interpretation of APB Opinion No. 25 | Mar. 2000 | Amended Parts deleted |
  | 45. | Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No. 34 | Nov. 2002 | None |
  | 46. | Consolidation of Variable Interest Entities—an interpretation of ARB No. 51 | Jan. 2003 | Superseded by FASB Interpretation 46(R), para. 4 |
  | 46(R) | Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51 | Dec. 2003 | Amended |
  | 47. | Accounting for Conditional Asset Retirement Obligations—an interpretation of FASB Statement No. 143 | Mar. 2005 | None |
  | 48. | Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109 | Jun. 2006 | Amended Parts deleted |
  