SFAS No. 124 versus SFAS No. 115: a review and a critique.(Statements of Financial Accounting Standards): An article from: The National Public Accountant

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From the supplier: Statements of Financial Accounting Standards (SFAS) No 115 and No 124, two Financial Accounting Standard Board (FASB) pronouncements, are considered to be very different from each other. SFAS No. 124, which concerns not-for-profit (NFP) organizations, contains two exemptions in subsidiaries and equities. SFAS No. 115, which concerns commercial entities, classifies investments into three categories. Comparison shows major differences, such as in reporting by NFP organizations and commercial entities.

Citation Details
Title: SFAS No. 124 versus SFAS No. 115: a review and a critique.(Statements of Financial Accounting Standards)
Author: Quinton Booker
Publication:The National Public Accountant (Magazine/Journal)
Date: September 1, 1998
Publisher: National Society of Public Accountants
Volume: 43 Issue: 7 Page: 29(4)

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