Accounting Standards Updates
E453734
Accounting Standards Updates are formal pronouncements that revise or clarify U.S. generally accepted accounting principles, providing authoritative guidance on financial reporting and accounting practices.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Accounting Standards Updates canonical | 2 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
FASB standard-setting output
ⓘ
U.S. GAAP guidance document ⓘ authoritative accounting pronouncement ⓘ |
| affects |
comparability of financial statements over time
ⓘ
consistency of accounting practices across entities ⓘ |
| appliesTo | U.S. generally accepted accounting principles ⓘ |
| availableAt | FASB website NERFINISHED ⓘ |
| componentOf | FASB Accounting Standards Codification update process ⓘ |
| documentFormat | written pronouncement ⓘ |
| governs | accounting policies under U.S. GAAP ⓘ |
| hasCharacteristic |
authoritative for entities that apply U.S. GAAP
ⓘ
identified by a unique number and year ⓘ may amend multiple Codification topics ⓘ may converge U.S. GAAP with international standards ⓘ may include transition and effective date guidance ⓘ may provide implementation guidance and examples ⓘ may supersede existing guidance ⓘ publicly exposed for comment before finalization ⓘ |
| includesSection |
amendments to the Codification
ⓘ
background and basis for change ⓘ basis for conclusions ⓘ effective date and transition ⓘ |
| issuedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| language | English ⓘ |
| publishedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| purpose |
clarify U.S. GAAP
ⓘ
provide authoritative guidance on accounting practices ⓘ provide authoritative guidance on financial reporting ⓘ revise U.S. GAAP ⓘ |
| regulates |
disclosure in financial statements
ⓘ
financial reporting ⓘ measurement of financial statement items ⓘ presentation of financial statements ⓘ recognition of transactions ⓘ |
| relatedTo |
Accounting Principles Board Opinions
NERFINISHED
ⓘ
FASB Accounting Standards Codification NERFINISHED ⓘ Statements of Financial Accounting Standards NERFINISHED ⓘ |
| standardSetterRole | implement FASB decisions on technical agenda projects ⓘ |
| subjectArea |
auditing and assurance reference
ⓘ
corporate reporting ⓘ financial accounting ⓘ |
| timeScope | may have different effective dates for different entity types ⓘ |
| usedBy |
auditors of U.S. GAAP financial statements
ⓘ
not-for-profit organizations applying U.S. GAAP ⓘ private companies in the United States ⓘ public companies in the United States ⓘ regulators overseeing U.S. financial reporting ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.