Chuẩn mực kế toán tài chính Hội đồng quản trị, phát triển các nguyên tắc kế toán sử dụng tại Hoa Kỳ. Nguyên tắc kế toán được phát triển bởi các FASB có sự hỗ trợ của SEC. Như vậy, SEC không đóng một vai trò quan trọng trong việc phát triển các nguyên tắc kế toán. | The Financial Numbers Game Financial Accounting Standards Board to develop accounting principles for use in the United States. Accounting principles developed by the FASB have the full support of the SEC. As such the SEC does not play a major role in the development of accounting principles. The commission does however make its mark on generally accepted accounting principles. For example the SEC will prod the FASB into taking quicker action on accounting issues where it sees a need. The reference earlier to the SEC chairman s call for clarification on the definition of liabilities is a case in point. The SEC was also instrumental in pushing the FASB to develop accounting and disclosure requirements for financial derivatives eventually leading to SFAS No. 133 Accounting for Derivatives Instruments and Hedging In other instances the SEC may refuse to accept an accounting standard established by the FASB leading the FASB to reconsider and revise its position. For example in 1962 the Accounting Principles Board APB a predecessor to the FASB released a standard calling for deferral of the investment tax credit with recognition in income over the life of the related asset the so-called deferral The SEC balked at this approach preferring instead to see the investment tax credit recognized in income cur-rently the so-called flow-through method. The APB went along with the SEC and amended its standard permitting both the deferral and flow-through In another example in 1977 the FASB released a standard for oil- and gas-producing companies calling for only very limited capitalization of exploration expenditures the so-called successful-efforts Here again the SEC did not consider the practice acceptable. Eventually the FASB amended its standard permitting both the successful-efforts method and a more liberal full-cost The SEC also will communicate problems to the FASB respond to accounting standards proposed by the FASB .
