InvestorWords.com
Statement of Financial Accounting Standards
Definition
SFAS. A statement released by the Financial Accounting Standards Board, to clarify or explain accounting standards policies. The policies explained and described in these statements, as well as any new instructions outlined in the SFASs, are to be followed by all publicly traded companies.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!
Nearby Terms
- Statement of Cash Flows
- Statement of Changes in Net Assets Available for Pension Benefits
- statement of condition
- statement of ERISA rights
- Statement of Financial Accounting Concepts (SFAC)
- Statement of Financial Accounting Standards
- statement of owner's equity
- statement of retain earnings
- statement of retained earnings
- statement of stockholders equity
- statement shock
