ASC
E544868
ASC is the comprehensive, authoritative single source of U.S. Generally Accepted Accounting Principles (GAAP) for nongovernmental entities, organized and maintained by the Financial Accounting Standards Board.
All labels observed (1)
| Label | Occurrences |
|---|---|
| ASC canonical | 2 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf | accounting standards codification ⓘ |
| abbreviation | ASC NERFINISHED ⓘ |
| accessMethod | online research system ⓘ |
| appliesTo |
nongovernmental entities
ⓘ
not-for-profit organizations ⓘ private companies ⓘ public companies ⓘ |
| authoritativeFor | FASB standards for nongovernmental entities ⓘ |
| category | financial reporting standards ⓘ |
| citationFormat | Topic-Subtopic-Section-Paragraph (e.g., 605-10-25-1) ⓘ |
| contains |
sections
ⓘ
subsections ⓘ subtopics ⓘ topics ⓘ |
| describedAs | single authoritative source of U.S. GAAP for nongovernmental entities ⓘ |
| effectiveFrom | 2009-07-01 ⓘ |
| fullName | Accounting Standards Codification NERFINISHED ⓘ |
| geographicScope | United States financial reporting ⓘ |
| governingBody | Financial Accounting Foundation NERFINISHED ⓘ |
| governs |
disclosure requirements under U.S. GAAP
ⓘ
measurement of transactions under U.S. GAAP ⓘ presentation of financial statements under U.S. GAAP ⓘ recognition of transactions under U.S. GAAP ⓘ |
| includes |
SEC guidance for public entities in separate sections
ⓘ
general accounting guidance ⓘ industry-specific accounting guidance ⓘ |
| issuedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| language | English ⓘ |
| legalStatus | recognized as authoritative U.S. GAAP for nongovernmental entities ⓘ |
| maintainedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| organizedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| predecessor |
FASB Interpretations
NERFINISHED
ⓘ
FASB Statements of Financial Accounting Standards NERFINISHED ⓘ FASB Technical Bulletins NERFINISHED ⓘ |
| purpose |
to organize U.S. GAAP by topic
ⓘ
to simplify user access to all authoritative U.S. GAAP ⓘ |
| replaced |
AICPA accounting standards as primary GAAP source for nongovernmental entities
ⓘ
EITF abstracts as primary GAAP source ⓘ FASB original pronouncements as primary GAAP source ⓘ |
| shortName | FASB Codification NERFINISHED ⓘ |
| structure | topic-subtopic-section-subsection hierarchy ⓘ |
| updatedBy | Accounting Standards Updates NERFINISHED ⓘ |
| usedBy |
accountants
ⓘ
auditors ⓘ financial statement preparers ⓘ financial statement users ⓘ regulators ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.