US GAAP

Knowledge Center

Description

US GAAP are the Generally Accepted Accounting Principles used by companies based in the USA or listed at Wall Street. US GAAP comprises a massive volume of standards, interpretations, opinions and bulletins and are developed by the FASB (Financial Accounting Standards Board), the accounting profession (AICPA) and the SEC (Securities and Exchange Commission).

US GAAP is a combination of authoritative standards by policy organizations and the accepted ways of doing accounting.

US GAAP standards are certainly equivalent to IAS. However, they are developed without any input from outside the US. US GAAP is very detailed, reflecting the litigious environment in the US which calls for more and more detailed regulation. US GAAP cannot be detached from regulatory intervention by the SEC.

Book: Wiley - GAAP 2004 -

Forum about US GAAP   The most recent topics about: US GAAP. Differences Between US GAAP & IFRS If you are allowed to give only 5 major differences between US GAAP & IFRS, what would they be? (...) 8 4 reactions   US GAAP and the Financial Crisis What was the role of US GAAP to check over the failing in the financial system? (...) 6 1 reactions   🔥 NEW US-GAAP Costs versus Capitalization Hello, I need a US-GAAP Accounting advise for following business cases: 1. A new stairs for a production building. It i (...) 3 1 reactions

Best Practices about US GAAP Here you will find the most valuable ideas and practical suggestions. 🥇 Market value differing significantly from book values What items will most likely have market value that differ significantly from the book values reported? What principles (...) 5 0 reactions   🥈 Comprehension of US GAAP I want to understand how to use the US GAAP in the oil and gas domain. (...) 4 0 reactions   🥉 Exchange Ratio Statement Which SEC filings must I search if I want see the exchange ratio statement?? Exchange ratio statement = the statement t (...) 3 0 reactions

Compare with: Fair Value

Return to Management Hub: Finance & Investing

More Management Methods, Models and Theory