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.
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 NERFINISHED ⓘ |
| influencedBy |
FASB due process procedures
ⓘ
emerging practice issues ⓘ stakeholder feedback ⓘ |
| issuedAs | numbered interpretations ⓘ |
| issuedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| 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 NERFINISHED ⓘ |
| purpose |
clarify existing FASB Statements
ⓘ
elaborate on existing accounting guidance ⓘ ensure consistent application of accounting standards ⓘ |
| relatedTo |
Accounting Principles Board Opinions
NERFINISHED
ⓘ
FASB Staff Positions NERFINISHED ⓘ FASB Statements NERFINISHED ⓘ FASB Technical Bulletins NERFINISHED ⓘ |
| sector | financial accounting ⓘ |
| standardSettingFramework | U.S. GAAP hierarchy NERFINISHED ⓘ |
| statusAfterCodification | superseded by FASB Accounting Standards Codification ⓘ |
| usedFor |
providing implementation guidance
ⓘ
reducing diversity in practice ⓘ resolving questions about existing standards ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.