FASB Accounting Standards Codification
E127361
U.S. GAAP framework
accounting standards codification
authoritative accounting literature
online research system
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
All labels observed (5)
| Label | Occurrences |
|---|---|
| FASB Accounting Standards Codification canonical | 8 |
| Accounting Standards Codification | 2 |
| FASB ASC | 1 |
| FASB standards | 1 |
| Generally Accepted Accounting Principles in the United States | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1080056 — 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: FASB Accounting Standards Codification Context triple: [US GAAP, codifiedIn, FASB Accounting Standards Codification]
-
A.
Statements of Financial Accounting Standards
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Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.
-
B.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
-
C.
Financial Accounting Standards Board
The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
-
D.
Accounting Research Bulletins
Accounting Research Bulletins were early authoritative pronouncements issued by the American Institute of Accountants’ Committee on Accounting Procedure that helped shape and standardize U.S. accounting practices before modern GAAP codification.
-
E.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
- 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: FASB Accounting Standards Codification Target entity description: The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
-
A.
Statements of Financial Accounting Standards
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.
-
B.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
-
C.
Financial Accounting Standards Board
The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
-
D.
Accounting Research Bulletins
Accounting Research Bulletins were early authoritative pronouncements issued by the American Institute of Accountants’ Committee on Accounting Procedure that helped shape and standardize U.S. accounting practices before modern GAAP codification.
-
E.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
- F. None of above. chosen
Statements (53)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. GAAP framework
ⓘ
accounting standards codification ⓘ authoritative accounting literature ⓘ online research system ⓘ |
| abbreviation | ASC ⓘ |
| accessMethod |
online subscription
ⓘ
professional view ⓘ |
| alsoKnownAs |
ASC
ⓘ
FASB ASC ⓘ
linked to:
FASB Accounting Standards Codification
|
| appliesTo |
employee benefit plans
ⓘ
not-for-profit organizations ⓘ private companies ⓘ public companies ⓘ |
| becameAuthoritativeOn | 2009-07-01 ⓘ |
| citationFormat | Topic-Subtopic-Section-Paragraph (e.g., 606-10-25-1) ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| effectiveDate | 2009-07-01 ⓘ |
| governingBody | Financial Accounting Standards Board ⓘ |
| hasComponent |
Assets (Topic 305 and related)
ⓘ
Broad Transactions (various Topics) ⓘ Equity (Topic 505 and related) ⓘ
linked to:
ASC 505 Equity
Expenses (various Topics) ⓘ General Principles (Topic 105) ⓘ Industry (industry-specific Topics) ⓘ Liabilities (Topic 405 and related) ⓘ Presentation (Topic 205 and related) ⓘ Revenue (Topic 606) ⓘ |
| includes |
SEC guidance sections for public entities
ⓘ
glossary definitions ⓘ implementation guidance ⓘ |
| includesStandard |
Topic 326 Financial Instruments—Credit Losses
ⓘ
Topic 606 Revenue from Contracts with Customers ⓘ Topic 842 Leases ⓘ
linked to:
ASC 842 Leases
|
| isOrganizedAs | numerically ordered Topics ⓘ |
| jurisdiction | nongovernmental U.S. entities ⓘ |
| language | English ⓘ |
| legalStatus | single authoritative source of nongovernmental U.S. GAAP ⓘ |
| maintainedBy | Financial Accounting Standards Board ⓘ |
| publisher | Financial Accounting Standards Board ⓘ |
| replaces | multiple categories of prior FASB and AICPA literature ⓘ |
| scope | nongovernmental U.S. GAAP ⓘ |
| structure |
Paragraphs
ⓘ
Sections ⓘ Subtopics ⓘ Topics ⓘ |
| subjectArea |
financial accounting
ⓘ
financial reporting ⓘ |
| superseded |
AICPA accounting standards in SOPs and Guides to the extent incorporated
ⓘ
EITF Abstracts ⓘ
linked to:
Emerging Issues Task Force (EITF) Issues
FASB Interpretations ⓘ FASB Statements of Financial Accounting Standards ⓘ
linked to:
Statements of Financial Accounting Standards
FASB Technical Bulletins ⓘ |
| updateMechanism | Accounting Standards Updates ⓘ |
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: FASB Accounting Standards Codification Description of subject: The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
Referenced by (13)
Full triples — surface form annotated when it differs from this entity's canonical label.
Financial Accounting Standards Board
→
develops
→
Generally Accepted Accounting Principles in the United States
ⓘ
linked to: FASB Accounting Standards Codification
Statements of Financial Accounting Standards
→
supersededBy
→
FASB Accounting Standards Codification
ⓘ
linked to: FASB Accounting Standards Codification
linked to: FASB Accounting Standards Codification
linked to: FASB Accounting Standards Codification
subject linked to:
ASC 842 Leases
linked to: FASB Accounting Standards Codification