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 | 3 |
How this entity was disambiguated
This entity first appeared as the object of triple T5772544 — 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: ASC Context triple: [FASB Accounting Standards Codification, alsoKnownAs, ASC]
-
A.
ASC
ASC is the French-language abbreviation for the Canadian Space Agency, Canada’s national civil space organization responsible for the country’s space program and activities.
-
B.
ASC
ASC is the commonly used abbreviation for the American Society of Cinematographers, a professional organization of film and television cinematographers.
-
C.
ASCI
ASCI is a prestigious U.S. honor society of physician-scientists dedicated to advancing clinical and translational research.
-
D.
ACS
ACS is a high-resolution imaging instrument aboard the Hubble Space Telescope used for deep-space surveys and detailed astronomical observations.
-
E.
ACS
ACS is an organization whose name is abbreviated from the Special Committee for Transport, likely functioning as a body focused on transportation policy or oversight.
- 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: ASC Target entity description: 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.
-
A.
ASC
ASC is the French-language abbreviation for the Canadian Space Agency, Canada’s national civil space organization responsible for the country’s space program and activities.
-
B.
ASC
ASC is the commonly used abbreviation for the American Society of Cinematographers, a professional organization of film and television cinematographers.
-
C.
ASCI
ASCI is a prestigious U.S. honor society of physician-scientists dedicated to advancing clinical and translational research.
-
D.
ACS
ACS is an organization whose name is abbreviated from the Special Committee for Transport, likely functioning as a body focused on transportation policy or oversight.
-
E.
ACS
ACS is a high-resolution imaging instrument aboard the Hubble Space Telescope used for deep-space surveys and detailed astronomical observations.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf | accounting standards codification ⓘ |
| abbreviation | ASC ⓘ |
| 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
ⓘ
linked to:
FASB Accounting Standards Codification
|
| geographicScope | United States financial reporting ⓘ |
| governingBody | Financial Accounting Foundation ⓘ |
| 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 ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| language | English ⓘ |
| legalStatus | recognized as authoritative U.S. GAAP for nongovernmental entities ⓘ |
| maintainedBy | Financial Accounting Standards Board ⓘ |
| organizedBy | Financial Accounting Standards Board ⓘ |
| predecessor |
FASB Interpretations
ⓘ
FASB Statements of Financial Accounting Standards ⓘ
linked to:
Statements of Financial Accounting Standards
FASB Technical Bulletins ⓘ |
| 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
ⓘ
linked to:
FASB Accounting Standards Codification
|
| structure | topic-subtopic-section-subsection hierarchy ⓘ |
| updatedBy | Accounting Standards Updates ⓘ |
| usedBy |
accountants
ⓘ
auditors ⓘ financial statement preparers ⓘ financial statement users ⓘ regulators ⓘ |
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: ASC Description of subject: 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.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject linked to:
ASC