What are APB Opinions?

APB opinions are the 31 authoritative issuances of the Accounting Principles Board (APB). Each of these opinions dealt with a different accounting issue. The intent of each opinion was to clarify an accounting topic that was experiencing differing amounts of interpretation from the issuers of financial statements.

The APB issued opinions from 1962 to 1973. Some elements of the opinions have been incorporated into the successor entity to the APB, which is the Financial Accounting Standards Board (FASB). The most recent updates to accounting standards can be found in the FASB codification, which includes all current GAAP standards.

List of APB Opinions

The list of all issued APB Opinions is as follows:

APB Opinion No. 1: Disclosure of Accounting Policies.
APB Opinion No. 2: Accounting for the "Investment Credit."
APB Opinion No. 3: The Statement of Source and Application of Funds.
APB Opinion No. 4: Accounting for the Investment Credit (Revised).
APB Opinion No. 5: Reporting the Results of Operations.
APB Opinion No. 6: Status of Accounting Research Bulletins.
APB Opinion No. 7: Depreciation and High Costs of Inventory.
APB Opinion No. 8: Accounting for the Cost of Pension Plans.
APB Opinion No. 9: Reporting the Results of Operations (Revised).
APB Opinion No. 10: Omnibus Opinion – 1966.
APB Opinion No. 11: Accounting for Income Taxes.
APB Opinion No. 12: Omnibus Opinion – 1967.
APB Opinion No. 13: Accounting for the Investment Credit (Further Revisions).
APB Opinion No. 14: Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants.
APB Opinion No. 15: Earnings per Share.
APB Opinion No. 16: Business Combinations.
APB Opinion No. 17: Intangible Assets.
APB Opinion No. 18: The Equity Method of Accounting for Investments in Common Stock.
APB Opinion No. 19: Reporting Changes in Financial Position.
APB Opinion No. 20: Accounting Changes.
APB Opinion No. 21: Interest on Receivables and Payables.
APB Opinion No. 22: Disclosure of Accounting Policies.
APB Opinion No. 23: Accounting for Income Taxes – Special Areas.
APB Opinion No. 24: Accounting for Sales of Stock by a Subsidiary.
APB Opinion No. 25: Accounting for Stock Issued to Employees.
APB Opinion No. 26: Early Extinguishment of Debt.
APB Opinion No. 27: Accounting for Lease Transactions.
APB Opinion No. 28: Interim Financial Reporting.
APB Opinion No. 29: Accounting for Nonmonetary Transactions.
APB Opinion No. 30: Reporting the Results of Operations – Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions.
APB Opinion No. 31: Disclosure of the Impact of Accounting Changes.