US GAAP

Knowledge Center

• About
• Home
• Dictionary
• Encyclopedia
• Question?
• Views

• Register
• Log in
• Help

• Change & Organization
• Communication & Skills
• Decision-making & Valuation
• Ethics & Responsibility
• Finance & Investing
• HRM
• Knowledge & Intangibles
• Leadership
• Marketing
• Program & Project
• Strategy
• Supply Chain & Quality

Generally Accepted Accounting Principles. Explanation of US GAAP.

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 -

US GAAP Special Interest Group Special Interest Group (1480 members)

US GAAP Forum   Recent topics   Differences Between US GAAP & IFRS If you are allowed to give only 5 major differences between ...           US GAAP and the Financial Crisis What was the role of US GAAP to check over the failing in th...           Market value differing significantly from book values What items will most likely have market value that differ si...           Exchange Ratio Statement Which SEC filings must I search if I want see the exchange r...           Comprehension of US GAAP I want to understand how to use the US GAAP in the oil and g...

Best Practices - US GAAP

Expert Tips - US GAAP

Resources - US GAAP 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 and US GAAP IAS, US GAAP, Accounting Quali...     News about Us Gaap Fasb         News about Us Gaap Sec         Videos about Us Gaap Fasb         Videos about Us Gaap Sec         Presentations about Us Gaap Fasb         Presentations about Us Gaap Sec         Books about Us Gaap Fasb         Books about Us Gaap Sec         More about Us Gaap Fasb         More about Us Gaap Sec

Compare with: Fair Value

Return to Management Hub: Finance & Investing

More Management Methods, Models and Theory