Fasb

Overview

The Financial Accounting Standards Board (FASB) operates within the Business Services industry, specifically focusing on accounting services. Established in 1973 and based in the United States, FASB is responsible for developing and improving financial accounting and reporting standards. The organization publishes various documents, including implementation guides that assist users in understanding the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy. For instance, the "Income Taxes (Topic 740)" guide outlines the modeling for the reporting of income taxes, providing examples to illustrate how these elements are structured within the GAAP Taxonomy. Additionally, FASB offers guidance on financial statement location dimensions, which aids in the application of accounting standards. With a workforce of 51 to 200 employees and reported revenue of approximately 36.5 million USD, FASB plays a crucial role in ensuring transparency and consistency in financial reporting across various entities.

Industry