Statements of Financial Accounting Standards

E123135

U.S. GAAP pronouncement accounting standard

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Standards Board that established key accounting principles and reporting requirements under U.S. GAAP before being superseded by the FASB Accounting Standards Codification.

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All labels observed (5)

Label	Occurrences
FASB Statements of Financial Accounting Standards	2
Statements of Financial Accounting Standards canonical	2
FASB Statement No. 109 Accounting for Income Taxes	1
SFAS No. [number]	1
Statements of Financial Accounting Concepts	1

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.
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
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	Statements of Financial Accounting Standards self-linksurface differs ⓘ surface form: SFAS No. [number]
defines	disclosure requirements ⓘ measurement principles ⓘ presentation requirements ⓘ recognition principles ⓘ
documentationForm	numbered statements ⓘ
enforcedBy	Securities and Exchange Commission ⓘ surface form: Securities and Exchange Commission (for SEC registrants)
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 of America ⓘ surface form: United States
language	English ⓘ
legalStatus	authoritative guidance under U.S. GAAP (historical) ⓘ
objective	to improve usefulness of financial reporting ⓘ to provide consistent accounting principles ⓘ
partOf	US GAAP ⓘ surface form: U.S. GAAP hierarchy
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	FASB Accounting Standards Codification ⓘ surface form: 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

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

US GAAP → previouslyComposedOf → Statements of Financial Accounting Standards ⓘ

Financial Accounting Standards Board → issues → Statements of Financial Accounting Standards ⓘ

this entity surface form: Statements of Financial Accounting Concepts

Financial Accounting Standards Board → issues → Statements of Financial Accounting Standards ⓘ

Statements of Financial Accounting Standards → citationStyle → Statements of Financial Accounting Standards self-linksurface differs ⓘ

this entity surface form: SFAS No. [number]

APB Opinions → predecessorOf → Statements of Financial Accounting Standards ⓘ

this entity surface form: FASB Statements of Financial Accounting Standards

ASC 740 Income Taxes → codifiedFrom → Statements of Financial Accounting Standards ⓘ

this entity surface form: FASB Statement No. 109 Accounting for Income Taxes

FASB Accounting Standards Codification → superseded → Statements of Financial Accounting Standards ⓘ