FAS 119

FAS 119
An accounting rule that used to govern disclosures of financial derivatives. Superseded by FAS 133. American Banker Glossary

Financial and business terms. 2012.

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  • FAS — statement of financial accounting standards (SFAS or FAS) A ruling issued by the Financial Standards Accounting Board ( FASB) covering a particular topic. Usually, these statements are referenced with the acronym FAS followed by the numeral for a …   Financial and business terms

  • FAS 133 — Statement of Financial Accounting Standard No. 133, Accounting for Derivative Instruments and Hedging Activities. A rule promulgated by the AICPA that establishes accounting and reporting standards for derivative instruments. The scope of the… …   Financial and business terms

  • SFAS — statement of financial accounting standards (SFAS or FAS) A ruling issued by the Financial Standards Accounting Board ( FASB) covering a particular topic. Usually, these statements are referenced with the acronym FAS followed by the numeral for a …   Financial and business terms

  • statement of financial accounting standards — (SFAS or FAS) A ruling issued by the Financial Standards Accounting Board ( FASB) covering a particular topic. Usually, these statements are referenced with the acronym FAS followed by the numeral for a specific statement. For example, FAS 119… …   Financial and business terms

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