FASB Statements of Financial Accounting Concepts
GPTKB entity
Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:International_Standard
|
| gptkbp:addressed |
capital maintenance
elements of financial statements objectives of financial reporting recognition and measurement reporting entity qualitative characteristics of accounting information |
| gptkbp:aimsTo |
improve consistency in financial reporting
|
| gptkbp:contributedTo |
transparency in financial reporting
investor confidence market efficiency accounting consistency |
| gptkbp:firstAwarded |
1978
|
| gptkbp:focusArea |
conceptual framework
|
| https://www.w3.org/2000/01/rdf-schema#label |
FASB Statements of Financial Accounting Concepts
|
| gptkbp:impact |
accounting practices
|
| gptkbp:influence |
GAAP
|
| gptkbp:isCriticizedFor |
complexity
overregulation lack of clarity cost of compliance inflexibility |
| gptkbp:isInfluencedBy |
technological advancements
economic conditions regulatory changes business practices stakeholder needs |
| gptkbp:isPartOf |
U.S._accounting_framework
|
| gptkbp:isReferencedIn |
international accounting standards
SEC_regulations FASB_Accounting_Standards_Codification |
| gptkbp:issuedBy |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:numberOfStudents |
8
|
| gptkbp:providesGuidanceOn |
disclosure requirements
capital maintenance concepts financial statement presentation measurement bases recognition criteria reporting entity definition |
| gptkbp:purpose |
provide a framework for financial reporting
|
| gptkbp:relatedTo |
financial statements
accounting principles financial disclosures accounting policies financial reporting standards |
| gptkbp:renovated |
subsequent FASB Statements
|
| gptkbp:supports |
professional development
accounting education financial reporting integrity |
| gptkbp:usedBy |
investors
financial analysts accountants regulators |