Accounting Principles Board Opinions, Interpretations and Recommendations were published by the Accounting Principles Board from 1962 to 1973. The board was created by American Institute of Certified Public Accountants (AICPA) in 1959 and was replaced by Financial Accounting Standards Board (FASB) in 1973. Its mission was to develop an overall conceptual framework of US generally accepted accounting principles (US GAAP). APB was the main organization setting the US GAAP and its opinions are still an important part of it. All of the Opinions have been superseded in 2009 by FASB's Accounting Standards Codification.
{| class=wikitable
|+Opinions
! No.
! Title
! width=9% | Issue Date
! align=center width=40% | Changes
|- align=left valign=top
| 1.
| New Depreciation Guidelines and Rules full-text
| Nov. 1962
|
- Amended
- Parts deleted
- Superseded by FASB Statement 96, para. 203(b), and FASB Statement 109, para. 286(b)
|- align=left valign=top
| 2.
| Accounting for the "Investment Credit" full-text
| Dec. 1962
|
- Amended
- Parts deleted or replaced
|- align=left valign=top
| 3.
| The Statement of Source and Application of Funds full-text
| Oct. 1963
|
- Superseded by APB Opinion 19, para. 3
|- align=left valign=top
| 4.
| Accounting for the "Investment Credit" full-text
| Mar. 1964
|
- None
|- align=left valign=top
| 5.
| Reporting of Leases in Financial Statements of Lessee full-text
| Sept. 1964
|
- Amended
- Parts deleted
- Superseded by FASB Statement 13, para. 2
|- align=left valign=top
| 6.
| Status of Accounting Research Bulletins full-text
| Oct. 1965
|
- Amended
- Many parts deleted
|- align=left valign=top
| 7.
| Accounting for Leases in Financial Statements of Lessors full-text
| May 1966
|
- Amended
- Parts deleted
- Superseded by FASB Statement 13, para. 2
|- align=left valign=top
| 8.
| Accounting for the Cost of Pension Plans full-text
| Nov. 1966
|
- Amended
- Parts deleted
- Superseded by FASB Statement 87, para. 9
|- align=left valign=top
| 9.
| Reporting the Results of Operations full-text
| Dec. 1966
|
- Amended
- Many parts deleted
|- align=left valign=top
| 10.
| Omnibus Opinion-1966 full-text
| Dec. 1966
|
- Amended
- Many parts deleted
|- align=left valign=top
| 11.
| Accounting for Income Taxes full-text
| Dec. 1967
|
- Amended
- Parts deleted
- Superseded by FASB Statement 96, para. 203(c), and FASB Statement 109, para. 286(c)
|- align=left valign=top
| 12.
| Omnibus Opinion—1967 full-text
| Dec. 1967
|
- Amended
- Parts deleted or replaced
|- align=left valign=top
| 13.
| Amending Para. 6 of APB Opinion Opinion No. 9, Application to Commercial Banks full-text
| Mar. 1969
|
- None
|- align=left valign=top
| 14.
| Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants full-text
| Mar. 1969
|
- None
|- align=left valign=top
| 15.
| Earnings per Share full-text
| May. 1969
|
- Amended
- Parts deleted or replaced
- Superseded by FASB Statement 128, para. 160(a)
|- align=left valign=top
| 16.
| Business Combinations full-text
| Aug. 1970
|
- Amended
- Parts deleted or replaced
- Superseded by FASB Statement 141, para. E1(a)
|- align=left valign=top
| 17.
| Intangible Assets full-text
| Aug. 1970
|
- Amended
- Parts deleted
- Superseded by FASB Statement 142, para. D1(a)
|- align=left valign=top
| 18.
| The Equity Method of Accounting for Investments in Common Stock full-text
| Mar. 1971
|
- Heavily amended
- Parts deleted or replaced
|- align=left valign=top
| 19.
| Reporting Changes in Financial Position full-text
| Mar. 1971
|
- Amended
- Superseded by FASB Statement 95, para. 150
|- align=left valign=top
| 20.
| Accounting Changes full-text
| July. 1971
|
- Heavily amended
- Parts deleted or replaced
- Superseded by FASB Statement 154, para. C1(a)
|- align=left valign=top
| 21.
| Interest on Receivables and Payables full-text
| Aug. 1971
|
- Amended
|- align=left valign=top
| 22.
| Disclosure of Accounting Policies full-text
| Apr. 1972
|
- Amended
|- align=left valign=top
| 23.
| Accounting for Income Taxes-Special Areas full-text
| Apr. 1972
|
- Heavily amended
- Parts deleted or replaced
|- align=left valign=top
| 24.
| Accounting for Income Taxes—Investments in Common Stock Accounted for by the Equity Method (Other than Subsidiaries and Corporate Joint Ventures) full-text
| Apr. 1972
|
- Parts deleted
- Superseded by FASB Statement 96, para. 203(d), and FASB Statement 109, para. 286(d)
|- align=left valign=top
| 25.
| Accounting for Stock Issued to Employees full-text
| Oct. 1972
|
- Amended
- Parts deleted or replaced
- Superseded by FASB Statement 123r, para. D7
|- align=left valign=top
| 26.
| Early Extinguishment of Debt full-text
| Oct. 1972
|
- Amended
- Parts replaced
|- align=left valign=top
| 27.
| Accounting for Lease Transactions by Manufacturer or Dealer Lessors full-text
| Nov. 1972
|
- Superseded by FASB Statement 13, para. 2
|- align=left valign=top
| 28.
| Interim Financial Reporting full-text
| May. 1973
|
- Heavily amended
- Parts replaced
|- align=left valign=top
| 29.
| Accounting for Nonmonetary Transactions full-text
| May. 1973
|
- Amended
- Parts deleted, added, or replaced
|- align=left valign=top
| 30.
| Reporting the Results of Operations-Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions full-text
| June. 1973
|
- Heavily amended
- Parts deleted or replaced
|- align=left valign=top
| 31.
| Disclosure of Lease Commitments by Lessees full-text
| June. 1973
|
- Superseded by FASB Statement 13, para. 2
|}
{| class="wikitable sortable"
|+Statements
! width="35"|No. !! width="100"|Date !!width="800"|Official title
|-
|align="center" |1|| 1962 April 13 ||Statement by the Accounting Principles Board. See also section 9001 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973.
|-
|align="center" |2|| 1967 September ||Disclosure of supplemental financial information by diversified companies full-text
|-
|align="center" |3|| 1969 June ||Financial statements restated for general price-level changes full-text
|-
|align="center" |4|| 1970 October ||Basic concepts and accounting principles underlying financial statements of business enterprises full-text
|}
{| class="wikitable sortable"
|+Original Pronouncements and Current Text
! width="100"|Date !!width="800"|Official title
|-
|align="center" | 1968 May 1 ||APB accounting principles: volume 1: Current text as of May 1, 1968 full-text
|-
|align="center" | 1968 May 1 ||APB accounting principles: volume 2: Original pronouncements as of May 1, 1968 full-text
|-
|align="center" | 1969 August 1 ||APB accounting principles: volume 1: Current text as of August 1, 1969 full-text
|-
|align="center" | 1969 August 1 ||APB accounting principles: volume 2: Original pronouncements as of August 1, 1969 full-text
|-
|align="center" | 1970 September 1 ||APB accounting principles: volume 1: Current text as of September 1, 1970 full-text
|-
|align="center" | 1970 September 1 ||APB accounting principles: volume 2: Original pronouncements as of September 1, 1970 full-text
|-
|align="center" | 1971 February 1 ||APB accounting principles: volume 1: Current text as of February 1, 1971 full-text
|-
|align="center" | 1971 February 1 ||APB accounting principles: volume 2: Original pronouncements as of February 1, 1971 full-text
|-
|align="center" | 1971 December 1 ||APB accounting principles: volume 1: Current text as of December 1, 1971 full-text
|-
|align="center" | 1971 December 1 ||APB accounting principles: volume 2: Original pronouncements as of December 1, 1971 full-text
|-
|align="center" | 1972 September 1 ||APB accounting principles: volume 1: Current text as of September 1, 1972 full-text
|-
|align="center" | 1972 September 1 ||APB accounting principles: volume 2: Original pronouncements as of September 1, 1972 full-text
|-
|align="center" | 1973 June 30 ||APB accounting principles: volume 1: Current text as of June 30, 1973 full-text
|-
|align="center" | 1973 June 30 ||APB accounting principles: volume 2: Original pronouncements as of June 30, 1973 full-text
|}
Accounting Interpretations
The American Institute of Certified Public Accountants issued Accounting Interpretations between 1968 and November 1973, when the Financial Accounting Standards Board took over the issuing of interpretations in June 1974. The Interpretations were not considered pronouncements from the Accounting Principles Board, but Richard C. Lytle, the administrative director of the Accounting Principles Board, was responsible for their preparation. The Interpretations originally appeared in the Journal of Accountancy. For Interpretations see section 9551 of the final edition of the APB Accounting Principles, Volume 2, Original Pronouncements as of June 30, 1973. The interpretation numbers come from the Financial Accounting Board's Original Pronouncements as amended 2008/2009 Edition, volume 3. Also, consult this volume for detailed listing of amendments, deletions, and other changes to the individual interpretations prior to 2009 (when the Accounting Standards Codification was issued.) Also, consult Fasb Pre-Codification AICPA Copyrighted Standards for those Interpretations (AIN-APB 9, 18, 20, 21, 26, and 30) that were finally superseded by the Codification.
{| class="wikitable sortable"
! width="150"|Date !!width="800"|Official title!!width "150"|Interpretation No.!!width "200"|Comments
|-
|align="center" |1970 July ||Computing earnings per share: Unofficial Accounting Interpretations of APB Opinion No. 15, Interpretations 1-101 ||AIN-APB15||Superseded by FAS 128
|-
|align="center" |1971 March ||Compensation involved in stock option and stock purchase plans: Unofficial Accounting Interpretations of Accounting Research Bulletin No. 43, Chapter 13B, Interpretation 1 ||AIN-ARB43, Ch 13B||Superseded by APB 25
|-
|align="center" |1971 February and April ||Reporting the results of operations: Unofficial Accounting Interpretations of APB Opinion No. 9, Interpretations 1 and 2 ||AIN-APB9||Interpretation 2 deleted by FAS 111
|-
|align="center" |1972 March ||Accounting for income taxes: Unofficial Accounting Interpretations of APB Opinion No. 11, Interpretation 1 ||AIN-APB11||Superseded by FAS 96 and 109
|-
|align="center" |1970 November ||Deferred compensation Contracts: Unofficial Accounting Interpretations, Interpretation No. 1 ||AIN-Key Man Life||Superseded by FASB Technical Bulletin 85-4
|-
|align="center" |1970 December-1971 April ||Business combinations: Unofficial Accounting Interpretations of APB Opinion No. 16, Interpretations 1-17 ||AIN-APB16||Superseded by FAS 141
|-
|align="center" |1971 April; 1973 March ||Intangible assets: Unofficial Accounting Interpretations of APB Opinion No. 17, Interpretations 1-2 ||AIN-APB17||Superseded by FAS 142
|-
|align="center" |1968 ||Accounting for the cost of pension plans: Unofficial Accounting Interpretations of APB Opinion No. 8, Interpretations 1-28 ||AIN-APB8||Superseded by FAS 111
|-
|align="center" |1969-1972 March ||Accounting for income taxes: Accounting Interpretations of APB Opinion No. 11, Interpretations 2-25 ||AIN-APB11||Superseded by FAS 96 and 109
|-
|align="center" |1971 September ||Computing earnings per share: Accounting Interpretations of APB Opinion No. 15, Interpretation 102 ||AIN-APB15||Superseded by FAS 128
|-
|align="center" |1971 September and November ||Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 18-25 ||AIN-APB16||Superseded by FAS 141
|-
|align="center" |1971 November ||Accounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1 ||AIN-APB7||Superseded by FAS 111
|-
|align="center" |1971 November-1972 February ||Equity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3 ||AIN-APB18||Amended by FAS 96
|-
|align="center" |1972 February and June ||Reporting changes in financial position: Accounting Interpretations of APB Opinion No. 19, Interpretations 1-3 ||AIN-APB19||Superseded by FAS 95
|-
|align="center" |1972 February ||Accounting for the investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretation 1 ||AIN-APB4||
|-
|align="center" |1972 February ||Consolidated financial statements: Accounting Interpretations of ARB No. 51, Interpretation 1 ||AIN-ARB51||Superseded by FAS 111
|-
|align="center" |1971 December-1972 May 31 ||Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 26-36 ||AIN-APB16||Superseded by FAS 141
|-
|align="center" |1972 March ||Accounting for investment credit: Accounting Interpretations of APB Opinion No. 4, Interpretations 2-6 ||AIN-APB4||Interpretation 4 and 6 deleted by FAS 96; Interpretation 5 deleted by FAS 111
|-
|align="center" |1972 June ||Interest on receivables and payables: Accounting Interpretations of APB Opinion No. 21, Interpretation 1 ||AIN-APB21||
|-
|align="center" |1972 November-1973 March ||Business combinations: Accounting Interpretations of APB Opinion No. 16, Interpretations 37-39 ||AIN-APB16||Superseded by FAS 141
|-
|align="center" |1973 March ||Accounting changes: Unofficial Accounting Interpretations of APB Opinion No. 20, Interpretations 1-2 ||AIN-APB20||Superseded by FAS 128
|-
|align="center" |1973 March ||Accounting for income taxes—Special areas: Accounting Interpretations of APB Opinion No. 23, Interpretation 1 ||AIN-APB23||Superseded by FAS 96 and 109
|-
|align="center" |1973 March ||Early extinguishment of debt: Unofficial Accounting Interpretations of APB Opinion No. 26, Interpretation 1 ||AIN-APB26||Amended by FAS 111
|-
|align="center" |1973 June ||Accounting for stock issued to employees: Accounting Interpretations of APB Opinion No. 25, Interpretation 1 ||AIN-APB25||Amended by FAS 196, 111, and 123
|-
|align="center" |1973 November ||Disclosure of accounting policies: Accounting Interpretations of APB Opinion No. 22, Interpretation 1 ||AIN-APB22||Superseded by FAS 111
|-
|align="center" |1973 November ||Reporting the results of operations: Accounting Interpretations of APB Opinion No. 30, Interpretation 1 ||AIN-APB30||
|}
See also
- American Institute of Certified Public Accountants
- Financial Accounting Standards Board
- US GAAP
- AICPA Statements of Position