SIC Interpretations
E453762
SIC Interpretations are authoritative guidance documents issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
All labels observed (4)
How this entity was disambiguated
This entity first appeared as the object of triple T4575816 — 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: SIC Interpretations Context triple: [IFRS, component, SIC Interpretations]
-
A.
SICA
SICA is a regional organization that promotes political, economic, and social integration among Central American countries.
-
B.
ABA Interpretations of Standards
ABA Interpretations of Standards are official explanatory guidelines issued by the American Bar Association that clarify how its law school accreditation standards should be understood and applied.
-
C.
SCIAC
SCIAC is an NCAA Division III athletic conference composed of small private colleges and universities in Southern California.
-
D.
ILCS
ILCS is the abbreviation for the Illinois Compiled Statutes, the codified collection of the general and permanent laws of the state of Illinois.
-
E.
CIC
CIC is the commonly used abbreviation for the Cement Industry Committee, an organization associated with the cement sector.
- 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: SIC Interpretations Target entity description: SIC Interpretations are authoritative guidance documents issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
-
A.
SICA
SICA is a regional organization that promotes political, economic, and social integration among Central American countries.
-
B.
ABA Interpretations of Standards
ABA Interpretations of Standards are official explanatory guidelines issued by the American Bar Association that clarify how its law school accreditation standards should be understood and applied.
-
C.
SCIAC
SCIAC is an NCAA Division III athletic conference composed of small private colleges and universities in Southern California.
-
D.
ILCS
ILCS is the abbreviation for the Illinois Compiled Statutes, the codified collection of the general and permanent laws of the state of Illinois.
-
E.
CIC
CIC is the commonly used abbreviation for the Cement Industry Committee, an organization associated with the cement sector.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
IFRS interpretative guidance
ⓘ
accounting interpretation ⓘ authoritative accounting literature ⓘ |
| appliesTo |
International Accounting Standards
ⓘ
linked to:
International Financial Reporting Standards
International Financial Reporting Standards ⓘ |
| basedOn | existing IFRS and IAS requirements ⓘ |
| bindingOn | IFRS-compliant financial statements ⓘ |
| category | international accounting guidance ⓘ |
| citationForm | SIC followed by interpretation number ⓘ |
| clarifies |
disclosure requirements under IFRS
ⓘ
measurement principles under IFRS ⓘ presentation principles under IFRS ⓘ recognition principles under IFRS ⓘ |
| developedBy | IFRS Interpretations Committee ⓘ |
| documentationType | interpretation document ⓘ |
| exampleOf | interpretive guidance in financial reporting ⓘ |
| governedBy |
International Accounting Standards Board (IASB)
ⓘ
linked to:
International Accounting Standards Board
|
| governedByDueProcess | public consultation procedures ⓘ |
| historicalPhase | developed mainly before formation of IFRS Interpretations Committee ⓘ |
| influences | accounting policies adopted by IFRS reporters ⓘ |
| issuedBy |
IFRS Interpretations Committee
ⓘ
International Accounting Standards Committee (IASC) ⓘ
linked to:
International Accounting Standards Committee
|
| jurisdiction | countries that have adopted IFRS ⓘ |
| language | issued in English and translated into multiple languages ⓘ |
| legalStatus | authoritative under IFRS framework ⓘ |
| maintainedBy | IFRS Foundation ⓘ |
| mayBeSupersededBy |
IFRIC Interpretations
ⓘ
new IFRS standards ⓘ |
| nameDerivedFrom | Standing Interpretations Committee ⓘ |
| objective | ensure consistent application of IFRS requirements ⓘ |
| partOf |
IFRS hierarchy of guidance
ⓘ
IFRS literature ⓘ |
| precededBy |
IASC Standing Interpretations Committee
ⓘ
linked to:
Inter-Agency Standing Committee
|
| purpose |
address accounting issues not explicitly covered in standards
ⓘ
clarify application of IFRS in specific scenarios ⓘ reduce diversity in financial reporting practice ⓘ |
| referencedIn | IFRS accounting policies and notes ⓘ |
| relatedTo | IFRIC Interpretations ⓘ |
| scope | narrow and specific accounting issues ⓘ |
| statusUnderIFRS | mandatory when relevant to an entity’s transactions ⓘ |
| targetAudience |
entities preparing general purpose financial statements
ⓘ
users of IFRS financial statements ⓘ |
| usedBy |
auditors
ⓘ
entities applying IFRS ⓘ financial statement preparers ⓘ professional accountants ⓘ regulators ⓘ |
| usedIn | preparation of IFRS financial statements ⓘ |
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: SIC Interpretations Description of subject: SIC Interpretations are authoritative guidance documents issued by the IFRS Interpretations Committee to clarify the application of International Financial Reporting Standards in specific accounting scenarios.
Referenced by (7)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: SIC Interpretations
IFRS 16 Leases
→
replaces
→
SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease
ⓘ
linked to: SIC Interpretations
IFRS 10 Consolidated Financial Statements
→
replacedStandard
→
SIC-12 Consolidation—Special Purpose Entities
ⓘ
linked to: SIC Interpretations