Business / Taxes / Financial Accounting Standards Board (FASB): The Financial Accounting Standards Board (FASB) is an independent, self-regulatory board that establishes and interprets generally accepted accounting principles (GAAP). It operates under the principle that the economy and the financial services industry work smoothly when credible, concise, and clear financial information is available. FASB periodically revises its rules to make sure corporations are following its principles. The corporations are supposed to fully account for different kinds of income, avoid shifting income from one period to another, and properly categorize their income.
Board Verb Synonyms: go aboard, ship aboard, enter, embark on
Board Noun Synonyms: plank, scantling, timber
Business / Construction / Gyp Board: Drywall. Wall board or gypsum. A panel (normally 4' X 8', 10', 12', or 16')made with a core of Gypsum (chalk-like) rock, which covers interior walls and ceilings. MORE
Entertainment / Bowling / Gray Board: The gutter. Many centers have their gutters painted gray; hitting the gray board is an attempt at humor to tell someone that the shot went in the gutter. MORE