US GAAP

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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 New Topic Forum about the 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 comments US GAAP and the Financial Crisis What was the role of US GAAP to check over the failing in the financial system? (...) 6   1 comments Market value differing significantly from book values What items will most likely have market value that differ significantly from the book values reported? What princip (...) 5   Comprehension of US GAAP I want to understand how to use the US GAAP in the oil and gas domain. (...) 4   🔥 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. (...) 3   1 comments Exchange Ratio Statement Which SEC filings must I search if I want see the exchange ratio statement?? Exchange ratio statement = the stateme (...) 3   Start a new forum topic about the US GAAP Share your opinion, knowledge and experience or ask a question (sign up for free first)

Information Sources Sign up Various sources of information regarding the US GAAP. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Dealing with Complexity / Transparency in Financial Information Corporate Transparency, Financial Complexity, Information Complexity, Information Transparancy This presentation is about information transparency, and includes the following sections: 1. Introduction: an experimen (...) USGAAP versus IFRS on Intangibles Accounting Intangible Assets, Accounting, USGAAP, IFRS This presentation compares USGAAP and IFRS, and includes the following sections: 1. Presentation Overview 2. Executive (...) Choosing for IFRS or US GAAP Accounting regime differences Due to the increased competition on capital markets and given the global importance of US markets, IFRS and US GAAP are (...) IAS and US GAAP IAS, US GAAP, Accounting Quali Mary E. Barth a.o. compare measures of accounting quality for firms applying IAS with US firms to investigate whether IA (...)

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