SEC Staff Training Manual — Division of Corporation Finance: Accounting Disclosure Rules and Practices
The SEC's Division of Corporation Finance issued the Financial Reporting Manual on December 9, 2008. The Financial Reporting Manual supersedes this document.
An Overview
Training Material
2000 Edition (3/31/00)
U.S. Securities and Exchange Commission
Notice to Users of This Manual
The accompanying outlines are intended for use as training and review material, and should not be used as "review checklists". Staff accountants should consult source literature before citing comments or advising registrants.
Staff Accounting Bulletins and guidance designated as "staff practice" do not constitute rules or interpretations bearing the official approval of the Commission. They represent interpretations and practices followed by the staffing administering the disclosure requirements.
This manual is made available for inspection and copying by the public for its general information. However, persons not affiliated with the Commission should be aware that the manual is intended for use in connection with internal staff training programs and odes not receive the level or extent of review that official publications of the Commission receive. Moreover, this manual does not include correcting and updating information regarding the Commission’s rules and staff practices that are supplied to the staff during training courses and throughout the year.
Special Thanks to the Editor-in-Chief of the 2000 Edition: Melanie Dolan
Explanation of Abbreviations
ACRS - Accelerated Cost Recovery System
AcSEC - Accounting Standards Executive Committee of the AICPA
ADC - Acquisition, Development and Construction
AICPA - American Institute of Certified Public Accountants
AIN-APB - Accounting Principles Board Opinion Interpretation
APB - Accounting Principles Board Opinion
ARB - Accounting Research Bulletin
ASR - Accounting Series Release
AU - Codification of Statements on Auditing Standards
CF - Division of Corporation Finance Memo
CON - FASB Concepts Statement
DCAO - Division of Corporation Finance, Chief Accountant’s Office
EAR - Exchange Act Rules
EAS - Exchange Act Section
EITF - FASB’s Emerging Task Force (by issue #)
EPS - Earnings Per Share
FAS - FASB Statement of Financial Accounting Standards
FASB - Financial Accounting Standards Board
FIN - FASB Interpretation
FRC - Codification of Financial Reporting Policies
FRR - SEC Financial Reporting Release
FTB - FASB Technical Bulletin
GAAP - Generally Accepted Accounting Principles (in the U.S.)
GAAS - Generally Accepted Auditing Standards (in the U.S.)
GP - General Partner(s)
IPO - Initial Public Offering
IRS - U.S. Internal Revenue Service
LIFO - Last-in-First-Out
LP - Limited Partner(s)
MD&A- Management’s Discussion and Analysis
OCA - Office of the Chief Accountant
OCC - Division of Corporation Finance, Chief Counsel’s Office
OMA - Division of Corporation Finance, Office of Mergers and Acquisitions
PP&E - Property, Plant and Equipment
PR - Proxy Rules
RC - Regulation C
REIG - Real Estate Industry Guide
REIT - Real Estate Investment Trust
RTC - Resolution Trust Corporation
R33 - Securities Act Release
R34 - Exchange Act Release
SAB - Staff Accounting Bulletins (by topic)
SAS - AICPA Statements of Auditing Standards
SB - Regulation S-B
SEC - U.S. Securities and Exchange Commission
SK - Regulation S-K
SOP - AICPA Statement of Position
SP - Staff Practice
ST - Regulation S-T (EDGAR)
SX - Regulation S-X
TPA - AICPA’s Technical Practice Aids
UK - United Kingdom