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.

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All labels observed (5)

Label Occurrences
FASB Accounting Standards Codification canonical 8
Accounting Standards Codification 2
FASB ASC 1

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 Accounting Standards Codification ⓘ
surface form: FASB ASC
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 of America ⓘ
surface form: United States
effectiveDate 2009-07-01 ⓘ
governingBody Financial Accounting Standards Board ⓘ
hasComponent Assets (Topic 305 and related) ⓘ
Broad Transactions (various Topics) ⓘ
ASC 505 Equity ⓘ
surface form: Equity (Topic 505 and related)

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 ⓘ
IFRS 15 Revenue from Contracts with Customers ⓘ
surface form: Topic 606 Revenue from Contracts with Customers

ASC 842 Leases ⓘ
surface form: Topic 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superseded AICPA accounting standards in SOPs and Guides to the extent incorporated ⓘ
Emerging Issues Task Force (EITF) Issues ⓘ
surface form: EITF Abstracts

FASB Interpretations ⓘ
Statements of Financial Accounting Standards ⓘ
surface form: FASB 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.

US GAAP → codifiedIn → FASB Accounting Standards Codification ⓘ
Financial Accounting Standards Board → develops → FASB Accounting Standards Codification ⓘ
this entity surface form: Generally Accepted Accounting Principles in the United States
Statements of Financial Accounting Standards → supersededBy → FASB Accounting Standards Codification ⓘ
Statements of Financial Accounting Standards → replacedBy → FASB Accounting Standards Codification ⓘ
this entity surface form: Accounting Standards Codification
Accounting Research Bulletins → supersededBy → FASB Accounting Standards Codification ⓘ
this entity surface form: Accounting Standards Codification
APB Opinions → supersededBy → FASB Accounting Standards Codification ⓘ
this entity surface form: FASB standards
APB Opinions → supersededBy → FASB Accounting Standards Codification ⓘ
APB Opinions → codifiedInto → FASB Accounting Standards Codification ⓘ
ASC 842 Leases → partOf → FASB Accounting Standards Codification ⓘ
subject surface form: ASC 842
ASC 805 Business Combinations → partOf → FASB Accounting Standards Codification ⓘ
ASC 350 Intangibles—Goodwill and Other → partOf → FASB Accounting Standards Codification ⓘ
ASC 718 Compensation—Stock Compensation → partOf → FASB Accounting Standards Codification ⓘ
FASB Accounting Standards Codification → alsoKnownAs → FASB Accounting Standards Codification ⓘ
this entity surface form: FASB ASC