Statements of Financial Accounting Standards
E123135
Statements of Financial Accounting Standards were authoritative pronouncements issued by the Financial Accounting Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
All labels observed (11)
How this entity was disambiguated
This entity first appeared as the object of triple T1080053 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Statements of Financial Accounting Standards Context triple: [US GAAP, previouslyComposedOf, Statements of Financial Accounting Standards]
-
A.
US GAAP
US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
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B.
Standards Code
The Standards Code was a multilateral trade agreement under the GATT that established detailed rules to prevent technical regulations and product standards from becoming disguised barriers to international trade.
-
C.
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
-
D.
United Nations System of National Accounts
The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
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E.
Code of Federal Regulations
The Code of Federal Regulations is the codification of the general and permanent rules and regulations issued by the departments and agencies of the United States federal government.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Statements of Financial Accounting Standards Target entity description: Statements of Financial Accounting Standards were authoritative pronouncements issued by the Financial Accounting Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
-
A.
US GAAP
US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
-
B.
Standards Code
The Standards Code was a multilateral trade agreement under the GATT that established detailed rules to prevent technical regulations and product standards from becoming disguised barriers to international trade.
-
C.
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
-
D.
United Nations System of National Accounts
The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
-
E.
Code of Federal Regulations
The Code of Federal Regulations is the codification of the general and permanent rules and regulations issued by the departments and agencies of the United States federal government.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. GAAP pronouncement
ⓘ
accounting standard ⓘ |
| abbreviation | SFAS ⓘ |
| appliesTo |
U.S. generally accepted accounting principles
ⓘ
historical cost accounting and other measurement bases ⓘ |
| basedOn | conceptual framework developed by FASB ⓘ |
| citationStyle |
SFAS No. [number]
ⓘ
linked to:
Statements of Financial Accounting Standards
|
| defines |
disclosure requirements
ⓘ
measurement principles ⓘ presentation requirements ⓘ recognition principles ⓘ |
| documentationForm | numbered statements ⓘ |
| enforcedBy |
Securities and Exchange Commission (for SEC registrants)
ⓘ
linked to:
Securities and Exchange Commission
|
| field | financial accounting standard-setting ⓘ |
| governs |
financial accounting
ⓘ
financial reporting ⓘ general-purpose financial statements ⓘ |
| hasComponent | individual SFAS numbers ⓘ |
| influenced | international accounting standard-setting ⓘ |
| issuedBy | Financial Accounting Standards Board ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| language | English ⓘ |
| legalStatus | authoritative guidance under U.S. GAAP (historical) ⓘ |
| objective |
to improve usefulness of financial reporting
ⓘ
to provide consistent accounting principles ⓘ |
| partOf |
U.S. GAAP hierarchy
ⓘ
linked to:
US GAAP
|
| regulates |
accounting for business combinations
ⓘ
accounting for financial instruments ⓘ accounting for leases ⓘ accounting for pensions and other postretirement benefits ⓘ impairment of long-lived assets and goodwill ⓘ recognition of revenue ⓘ stock-based compensation accounting ⓘ |
| relatedTo |
Emerging Issues Task Force (EITF) Issues
ⓘ
FASB Interpretations ⓘ FASB Technical Bulletins ⓘ |
| replacedBy |
Accounting Standards Codification
ⓘ
linked to:
FASB Accounting Standards Codification
|
| status |
no longer updated
ⓘ
retained in codified form within the FASB Accounting Standards Codification ⓘ |
| supersededBy | FASB Accounting Standards Codification ⓘ |
| timePeriod | prior to the FASB Accounting Standards Codification ⓘ |
| usedBy |
auditors
ⓘ
financial statement preparers ⓘ financial statement users ⓘ not-for-profit entities in the United States ⓘ private companies in the United States ⓘ public companies in the United States ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Statements of Financial Accounting Standards Description of subject: Statements of Financial Accounting Standards were authoritative pronouncements issued by the Financial Accounting Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
Referenced by (16)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
FASB Accounting Standards Codification
→
superseded
→
FASB Statements of Financial Accounting Standards
ⓘ
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
linked to: Statements of Financial Accounting Standards
Accounting Standards Codification
→
predecessor
→
FASB Statements of Financial Accounting Standards
ⓘ
subject linked to:
ASC
linked to: Statements of Financial Accounting Standards