# Statement of Financial Accounting Standards, SFAS

- Canonical URL: https://www.gerhardmerk.de/statement-of-financial-accounting-standards-sfas
- Post ID: 591383
- Modified: 2023-07-25T21:12:45+00:00
- Language: en

## Definition

Accounting standard(s) for U.S. companies issued by the Financial Accounting Standards Board. Since about 2000, efforts have been made to align SFAS as closely as possible with IAS and IFRS. On several occasions, cases have been presented in which SFAS shows a profit, while IFRS shows a loss with the same data basis - and vice versa. - See Audit, International Accounting Standards Board, GAAP, International Financial Reporting Standards. - Cf. 2010 Annual Report of BaFin, p. 66 f. (FASB's draft standard on accounting for financial instruments) and the respective BaFin Annual Report, chapter "International. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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