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Selected Staff Accounting Bulletins

Staff Accounting Bulletins reflect the Commission staff's views regarding accounting-related disclosure practices. They represent interpretations and policies followed by the Division of Corporation Finance and the Office of the Chief Accountant in administering the disclosure requirements of the federal securities laws.

* Codification of Staff Accounting Bulletins
 (Last updated as of: November 2014)

Bulletins currently available include:

Bulletin No. Date Details
SAB 115 Nov. 18, 2014 Staff Accounting Bulletin No. 115:   This Staff Accounting Bulletin rescinds portions of the interpretive guidance included in the codification of the Staff Accounting Bulletin Series in order to make the relevant interpretive guidance consistent with authoritative accounting guidance and Securities and Exchange Commission rules and regulations. Specifically, the staff is updating the Series in order to bring existing guidance into conformity with a recent consensus of the Financial Accounting Standards Board Emerging Issues Task Force, Accounting Standards Update No. 2014-17 – Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). (PDF version)
Effective Date: November 21, 2014
SAB 114 Mar. 7, 2011 Staff Accounting Bulletin No. 114:   This Staff Accounting Bulletin (SAB) revises or rescinds portions of the interpretive guidance included in the codification of the Staff Accounting Bulletin Series. This update is intended to make the relevant interpretive guidance consistent with current authoritative accounting guidance issued as part of the Financial Accounting Standards Board's Accounting Standards Codification. The principal changes involve revision or removal of accounting guidance references and other conforming changes to ensure consistency of referencing throughout the SAB Series.
SAB 113 Oct. 30, 2009 Staff Accounting Bulletin No. 113:   This SAB revises or rescinds portions of the interpretative guidance included in SAB Topic 12 of the codification of staff accounting bulletins in order to make the interpretive guidance consistent with the Commission’s FR-78, Modernization of Oil and Gas Reporting, issued December 31, 2008. The principal revisions include: the price used in determining quantities of oil and gas reserves; elimination of post-quarter-end prices to evaluate limitations of capitalized costs under the full cost method of accounting; removal of the exclusion of unconventional oil and gas extraction methods as oil and gas producing activities, and removal of certain questions and interpretative guidance which are no longer necessary. (PDF version)
SAB 112 Jun. 4, 2009 Staff Accounting Bulletin No. 112:   This Staff Accounting Bulletin ("SAB") revises or rescinds portions of the interpretative guidance included in the codification of SABs, called the Staff Accounting Bulletin Series, in order to make the interpretive guidance consistent with current U.S. GAAP. The principal revisions include deletion of material no longer necessary or has been superseded because of the issuance by the Financial Accounting Standards Board (FASB) of Statement of Financial Accounting Standards No. 141(R), Business Combinations (SFAS 141R), and Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements (SFAS 160). (PDF version)
SAB 111 Apr. 13, 2009 Staff Accounting Bulletin No. 111:   This staff accounting bulletin ("SAB") amends Topic 5.M. in the Staff Accounting Bulletin Series entitled Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities (Topic 5.M.). On April 9, 2009, the FASB issued FASB Staff Position No. FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments (FSP 115-2) to provide guidance for assessing whether an impairment of a debt security is other than temporary. This SAB maintains the staff’s previous views related to equity securities. It also amends Topic 5.M. to exclude debt securities from its scope. (PDF version)
SAB 110 Dec. 21, 2007 Staff Accounting Bulletin No. 110:   This staff accounting bulletin ("SAB") expresses the views of the staff regarding the use of a "simplified" method, as discussed in SAB No. 107 ("SAB 107"), in developing an estimate of expected term of "plain vanilla" share options in accordance with Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment. (PDF version)
SAB 109 Nov. 5, 2007 Staff Accounting Bulletin No. 109:   Revises and rescinds portions of the interpretative guidance included in Topic 5:DD of the codification of staff accounting bulletins in order to make this interpretive guidance consistent with current authoritative accounting literature. SAB 109 discusses the staff’s views on the accounting for written loan commitments that are recorded at fair value through earnings under generally accepted accounting principles. (PDF version)
SAB 108 Sep. 13, 2006 Staff Accounting Bulletin No. 108:   Expresses the staff's views regarding the process of quantifying financial statement misstatements. (PDF version)
SAB 107 Mar. 29, 2005 Staff Accounting Bulletin No. 107:   Summarizes the views of the staff regarding the interaction between Statement of Financial Accounting Standards Statement No. 123 (revised 2004), Share-Based Payment and certain Securities and Exchange Commission rules and regulations and provides the staff’s views regarding the valuation of share-based payment arrangements for public companies.
See also: Securities and Exchange Commission's Office of Economic Analysis Memorandum, "Economic Perspective on Employee Option Expensing" (PDF version)
SAB 106 Sep. 28, 2004 Staff Accounting Bulletin No. 106:   Summarizes the views of the staff regarding the application of FASB Statement No. 143, Accounting for Asset Retirement Obligations, by oil and gas producing companies following the full cost accounting method.
SAB 105 Mar. 9, 2004 Staff Accounting Bulletin No. 105:   Summarizes the views of the staff regarding the application of generally accepted accounting principles to loan commitments accounted for as derivative instruments.
SAB 104 Dec. 17, 2003 Staff Accounting Bulletin No. 104: Revenue Recognition, corrected copy.   Revises or rescinds portions of the interpretative guidance included in Topic 13 of the codification of staff accounting bulletins in order to make this interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The principal revisions relate to the rescission of material no longer necessary because of private sector developments in U.S. generally accepted accounting principles. Also rescinds the Revenue Recognition in Financial Statements Frequently Asked Questions and Answers document issued in conjunction with Topic 13. Selected portions of that document have been incorporated into Topic 13.
SAB 103 May 9, 2003 Staff Accounting Bulletin No. 103.   "Update of Codification of Staff Accounting Bulletins"
SAB 102 Jul. 6, 2001 Staff Accounting Bulletin No. 102.   Expresses certain of the staff's views on the development, documentation, and application of a systematic methodology as required by Financial Reporting Release No. 28 for determining allowances for loan and lease losses in accordance with generally accepted accounting principles. In particular, the guidance focuses on the documentation the staff normally would expect registrants to prepare and maintain in support of their allowances for loan losses.
SAB 101B Jun. 26, 2000 Staff Accounting Bulletin No. 101B.   Since the issuance of SAB 101 and SAB 101A (below), the staff has continued to receive requests from a number of groups asking for additional time to determine the effect, if any, on registrant's revenue recognition practices. This staff accounting bulletin delays the implementation date of SAB 101 until no later than the fourth fiscal quarter of fiscal years beginning after December 15, 1999.
SAB 101A Mar. 24, 2000 Staff Accounting Bulletin No. 101A.   Since the issuance of SAB 101 (below), the staff received requests from a number of groups asking for additional time to study the guidance. Many registrants have calendar year-ends and may need more time to perform a detailed review of the SAB since its issuance on December 3, 1999. This staff accounting bulletin delays the implementation date of SAB 101 for registrants with fiscal years that begin between December 16, 1999 and March 15, 2000.
SAB 101 Dec. 3, 1999 Staff Accounting Bulletin No. 101.   Summarizes certain of the staff's views in applying generally accepted accounting principles to revenue recognition in financial statements. The staff is providing this guidance due, in part, to the large number of revenue recognition issues that registrants encounter.
SAB 100 Nov. 24, 1999 Staff Accounting Bulletin No. 100.   Expresses views of the staff regarding the accounting for and disclosure of certain expenses commonly reported in connection with exit activities and business combinations, including accrual of exit and employee termination costs pursuant to Emerging Issues Task Force (EITF) Issues No. 94-3 and No. 95-3, and the recognition of impairment charges pursuant to Accounting Principles Board (APB) Opinion No. 17 and Statement of Financial Accounting Standards (SFAS) No. 121.
SAB 99 Aug. 13, 1999 Staff Accounting Bulletin No. 99.   Expresses the views of the staff that exclusive reliance on certain quantitative benchmarks to assess materiality in preparing financial statements and performing audits of those financial statements is inappropriate; misstatements are not immaterial simply because they fall beneath a numerical threshold.
SAB 98 Feb. 3, 1998 Staff Accounting Bulletin No. 98.   Revises the views of the staff contained in certain topics of the staff accounting bulletin series to be consistent with the provisions of certain accounting standards recently adopted by the Financial Accounting Standards Board, including Statement of Financial Accounting Standards No. 128, Earnings per Share.
SAB 97 Jul. 31, 1996 Staff Accounting Bulletin No. 97. Expresses the views of the staff regarding (1) the inappropriate application of Staff Accounting Bulletin No. 48 (Transfers of Nonmonetary Assets by Promoters or Shareholders) to purchase business combinations consummated just prior to or concurrent with an initial public offering, and (2) the identification of an accounting acquirer in accordance with APB Opinion No. 16 (Business Combinations) for purchase business combinations involving more than two entities.
SAB 96 Mar. 19, 1996 Staff Accounting Bulletin No. 96. This Staff Accounting Bulletin indicates the views of the staff with regard to treasury stock acquisitions following a business combination that is accounted for as a pooling-of-interests.
SAB 95 Dec. 15, 1995 Staff Accounting Bulletin No. 95. This Staff Accounting Bulletin rescinds Staff Accounting Bulletin 57 (Contingent Stock Purchase Warrants).
SAB 94 Apr. 18, 1995 Staff Accounting Bulletin No. 94. The interpretations in this staff accounting bulletin express the views of the staff regarding the period in which a gain or loss is recognized on the early extinguishment of debt.

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Modified: 11/21/2014