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Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting…

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Key facts & relationships

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Founded
1972 (Operational in 1973)
Location
Norwalk, Connecticut
Key people
Richard R. Jones (Chairman) Hillary H. Salo (Vice Chair)

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Overview

Structure

History

Criticism

FASB 11 concepts

Accounting issues

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Map overview Semantic statistics

Financial Accounting Standards Board

Nodes45
Edges44
Triples10
Avg. degree1.96
Density0.044444
Components1

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Financial Accounting Standards Board

Top relations

Founded · 1
Financial Accounting Standards Board → 1972 (Operational in 1973)
Key people · 1
Financial Accounting Standards Board → Richard R. Jones (Chairman) Hillary H. Salo (Vice Chair)
Location · 1
Financial Accounting Standards Board → Norwalk, Connecticut
Website · 1
Financial Accounting Standards Board → fasb.org

Important terminology Word statistics

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Important terminology

fasb accounting financial standards board reporting convergence gaap international sec report issues would issued standard also set ifrs foundation conceptual

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Financial Accounting Standards BoardFounded1972 (Operational in 1973)1.00infobox
Financial Accounting Standards BoardKey peopleRichard R. Jones (Chairman) Hillary H. Salo (Vice Chair)1.00infobox
Financial Accounting Standards BoardLocationNorwalk, Connecticut1.00infobox
Financial Accounting Standards BoardWebsitefasb.org1.00infobox
academiainstance ofBoard members also come from sectors0.80text
businessinstance ofBoard members also come from sectors0.80text
and legalinstance ofBoard members also come from sectors0.80text
or government agencies.FASB board membersinstance ofBoard members also come from sectors0.80text
as of February 22instance ofBoard members also come from sectors0.80text
2023instance ofBoard members also come from sectors0.80text

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    Min side: 3
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