FASB Interpretations
E453753
FASB Interpretations are authoritative pronouncements issued by the Financial Accounting Standards Board that clarify, explain, or elaborate on existing accounting standards to ensure consistent application in financial reporting.
All labels observed (2)
| Label | Occurrences |
|---|---|
| FASB Interpretations canonical | 5 |
| FASB Interpretation No. 46(R) | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4575690 — 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 Interpretations Context triple: [Statements of Financial Accounting Standards, relatedTo, FASB Interpretations]
-
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Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.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.
FASB Accounting Standards Codification
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.
-
C.
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.
-
D.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
-
E.
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.
- 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 Interpretations Target entity description: FASB Interpretations are authoritative pronouncements issued by the Financial Accounting Standards Board that clarify, explain, or elaborate on existing accounting standards to ensure consistent application in financial reporting.
-
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.
FASB Accounting Standards Codification
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.
-
C.
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.
-
D.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
-
E.
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.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. GAAP guidance
ⓘ
accounting standard interpretation ⓘ authoritative accounting literature ⓘ |
| appliesTo |
entities reporting under U.S. GAAP
ⓘ
financial reporting ⓘ |
| audience |
auditors
ⓘ
financial statement users ⓘ preparers of financial statements ⓘ regulators ⓘ |
| authorityLevel | authoritative ⓘ |
| clarify |
application of recognition and measurement principles
ⓘ
definitions in existing standards ⓘ scope of existing standards ⓘ |
| complianceRequiredBy |
SEC registrants following U.S. GAAP
ⓘ
private companies following U.S. GAAP ⓘ |
| documentationForm | written pronouncements ⓘ |
| field | corporate financial reporting ⓘ |
| governedPeriod | pre-FASB Codification era ⓘ |
| governingBodyType | private-sector standard setter ⓘ |
| governs |
disclosure in financial statements
ⓘ
measurement in financial statements ⓘ presentation in financial statements ⓘ recognition in financial statements ⓘ |
| incorporatedInto | FASB Accounting Standards Codification ⓘ |
| influencedBy |
FASB due process procedures
ⓘ
emerging practice issues ⓘ stakeholder feedback ⓘ |
| issuedAs | numbered interpretations ⓘ |
| issuedBy | Financial Accounting Standards Board ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| language | English ⓘ |
| legalStatus |
not statutory law
ⓘ
recognized by SEC as part of U.S. GAAP ⓘ |
| objective |
enhance transparency in financial reporting
ⓘ
improve comparability of financial statements ⓘ |
| partOf |
FASB accounting standards codification history
ⓘ
linked to:
FASB Accounting Standards Codification
|
| purpose |
clarify existing FASB Statements
ⓘ
elaborate on existing accounting guidance ⓘ ensure consistent application of accounting standards ⓘ |
| relatedTo |
Accounting Principles Board Opinions
ⓘ
linked to:
Accounting Principles Board
FASB Staff Positions ⓘ FASB Statements ⓘ
linked to:
Statements of Financial Accounting Standards
FASB Technical Bulletins ⓘ |
| sector | financial accounting ⓘ |
| standardSettingFramework |
U.S. GAAP hierarchy
ⓘ
linked to:
US GAAP
|
| statusAfterCodification | superseded by FASB Accounting Standards Codification ⓘ |
| usedFor |
providing implementation guidance
ⓘ
reducing diversity in practice ⓘ resolving questions about existing standards ⓘ |
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 Interpretations Description of subject: FASB Interpretations are authoritative pronouncements issued by the Financial Accounting Standards Board that clarify, explain, or elaborate on existing accounting standards to ensure consistent application in financial reporting.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: FASB Interpretations
subject linked to:
ASC
subject linked to:
Presentation (Topic 205 and related)