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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 SEC FASBUS 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 -

US GAAP Special Interest Group

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Forum about US GAAP  

Discussions 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? (...)
US GAAP and the Financial Crisis
What was the role of US GAAP to check over the failing in the financial system? (...)
🔥 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 (...)

Best Practices about US GAAP

Here you find the most valuable discussions from the past.

🥇 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 (...)
🥈 Comprehension of US GAAP
I want to understand how to use the US GAAP in the oil and gas domain. (...)
🥉 Exchange Ratio Statement
Which SEC filings must I search if I want see the exchange ratio statement?? Exchange ratio statement = the statement t (...)

Expert Tips about US GAAP

Here you will find advices by experts.

Information Sources about US GAAP

Here you will find powerpoints, videos, news, etc.

Dealing with Complexity / Transparency in Financial Information

Corporate Transparency, Financial Complexity, Information Complexity, Information Transparancy (...)

USGAAP versus IFRS on Intangibles Accounting

Intangible Assets, Accounting, USGAAP, IFRS (...)

Choosing for IFRS or US GAAP

Accounting regime differences (...)


IAS, US GAAP, Accounting Quali (...)

Compare with: Fair Value

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