Accounting Research Bulletins (ARBs)

Unraveling the Legacy of Accounting Research Bulletins (ARBs)

Exploring the historical significance and evolution of accounting standards in the United States

Understanding the Origin of Accounting Research Bulletins (ARBs)

During the period spanning from 1938 to 1959, the Committee on Accounting Procedure (CAP) issued a series of publications known as Accounting Research Bulletins (ARBs). These bulletins aimed to address emerging challenges and issues within the accounting profession. Despite lacking binding authority, they played a pivotal role in shaping early accounting practices.

Transition to Modern Standards

In 1959, the Accounting Research Bulletins were succeeded by the Accounting Principles Board (APB), marking a transition towards more authoritative accounting standards. The APB operated until 1973, contributing to the refinement and consolidation of accounting principles.

Contemporary Accounting Standards

Today, accounting standards in the United States are primarily governed by the Financial Accounting Standards Board (FASB) at the federal level and the Government Accounting Standards Board (GASB) for state and local governments. These organizations oversee the development of generally accepted accounting principles (GAAP), ensuring consistency and reliability in financial reporting.

Impact on Corporate Accounting

The issuance of ARBs aimed to establish a framework of unbiased principles to guide corporate accounting practices. By addressing a wide range of topics, from tax notes to intangible assets, the Committee sought to promote transparency and accountability in financial reporting.

Accessing Historical Documents

Enthusiasts and researchers interested in exploring the rich history of accounting standards can access the complete archive of ARBs on the University of Mississippi's website, providing valuable insights into the evolution of accounting practices in the United States.