Summary of Statement No. 7
Summary of Statement No. 7
Accounting and Reporting by Development Stage Enterprises (Issued 6/75)
Summary
This Statement specifies the guidelines for identifying an
enterprise in the development stage and the standards of financial
accounting and reporting for such an enterprise. This Statement
requires development stage companies to do their accounting and to
prepare their financial statements using the same accounting
principles as established operating companies.
STANDARDS
- Accounting Standards Codification
- Accounting Standards Updates
- Concepts Statements
- Pre-Codification Standards
- Standards Issued
- Standards Issued in 2013
- Standards Issued in 2012
- Standards Issued in 2011
- Standards Issued in 2010
- Standards Issued in 2009
- Standards Issued in 2008
- Standards Issued in 2007
- Standards Issued in 2006
- Standards Issued in 2005
- Effective Dates of Recent FASB Pronouncements