Status of Interpretation No. 1

Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. 20


Issued: June 1974

Effective Date:
July 1, 1974


No other pronouncements


Affected by:
Paragraphs 1 and 5 amended by FAS 154, paragraph C16


Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides