What is a FASB Interpretation?

A FASB Interpretation is an official issuance of the Financial Accounting Standards Board (FASB). This document provides additional information about a previously-issued accounting standard, stating how it should be applied; it is essentially explanatory. An interpretation is considered to be part of generally accepted accounting principles.

FASB Interpretations are no longer issued. Instead, the FASB issues Accounting Standard Updates, which represent amendments to its Accounting Standard Codification.