Accounting Research Bulletin
Number 8 had been in favor of an all-inclusive concept of reporting net income.
6 issued in October 1965, in which it was to announce which of the CAP's Accounting Research Bulletins
should be continued without amendment and which should either be revised or be withdrawn entirely.
Master GAAP Guide analyzes Accounting Research Bulletins
and opinions, and FASB statements, interpretations and technical bulletins.
The first introduction of the going-concern assumption into the formal accounting literature occurred in 1953, when the CAP issued ARB 43, Restatement and Revision of Accounting Research Bulletins
Even though the opinions expressed in the CAP's Accounting Research Bulletins
were not binding on members of the Institute (10) (which was, after all, a voluntary association of CPAs licensed by the states), the committee knew that the SEC's accounting staff was inclined to enforce compliance with its opinions.
It includes analysis and explanations of the pronouncements of the Accounting Principles Board (APB) and the Financial Accounting Standards Board (FASB) and analyzes Accounting Research Bulletins
, APB Opinions, FASB statements, interpretations, and technical bulletins.
The first section in the Current Text represented a synthesis of FASB Statements and Interpretations, Accounting Principles Board (APB) Opinions, and Accounting Research Bulletins
43, Restatement and Revision of Accounting Research Bulletins
, was the last such compilation, and it was issued nearly half a century ago.
The guide explains the applicability to NPOs of SOP 93-7, Reporting on Advertising Costs, incorporates SOP 94-3, Reporting of Related Entities by Not-for-Profit Organizations, and incorporates and supersedes SOP 94-2, The Application of the Requirements of Accounting Research Bulletins
, Opinions of the Accounting Principles Board, and Statements and Interpretations of the Financial Accounting Standards Board to Not-for-Profit Organizations.