Definition: CFA6 stands for "Corporate Financial Accounting Standards Manual." It's a comprehensive set of accounting standards for businesses that are required to follow when preparing financial statements. Definition: The CFA6, which is often referred to as the "Corporate Financial Accounting Standards Manual," is a set of rules and guidelines created by the American Institute of Certified Public Accountants (AICPA) to govern accounting practices in the United States. The CFA6 was developed with input from more than 300 entities representing businesses and governmental entities. The standards provide guidance on financial reporting, disclosure requirements, auditing, and internal controls. They also cover topics such as accounting for income taxes, preparing a consistent statement of stockholders' equity (the "common stockholder's equity" section), and the recognition of deferred tax assets and liabilities. The CFA6 has been in effect since 1984, with most changes made in subsequent revisions over time. The last major revision occurred in 2007. Note that it can vary depending on context - for example, it's sometimes used to describe a specific accounting standard or framework within the context of a particular industry or business practice.

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