US GAAP

E23924

accounting standard framework financial reporting framework set of generally accepted accounting principles

US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.

Jump to: Surface forms Statements Referenced by

Observed surface forms (8)

Surface form	Occurrences
U.S. GAAP	3
ASC 230 Statement of Cash Flows	1
ASC 260 Earnings Per Share	1
ASC 280 Segment Reporting	1
ASC 320 Investments—Debt and Equity Securities	1
ASC 606 Revenue from Contracts with Customers	1
Accounting Standards Codification	1
United States Generally Accepted Accounting Principles	1

Statements (105)

Predicate	Object
instanceOf	accounting standard framework ⓘ financial reporting framework ⓘ set of generally accepted accounting principles ⓘ
aimsTo	enhance transparency in financial reporting ⓘ reduce information asymmetry between management and investors ⓘ
appliesTo	U.S. private companies ⓘ U.S. public companies ⓘ not-for-profit organizations in the United States ⓘ state and local governments in certain contexts ⓘ
basisOf	accrual accounting ⓘ
codificationEffectiveFrom	2009 ⓘ
codifiedIn	FASB Accounting Standards Codification ⓘ
composedOf	US GAAP self-linksurface differs ⓘ surface form: Accounting Standards Codification
contrastedWith	IFRS ⓘ
countryOfApplication	United States of America ⓘ surface form: United States
differsFrom	International Financial Reporting Standards ⓘ
emphasizes	historical cost measurement in many areas ⓘ
enforcedBy	Securities and Exchange Commission for public companies ⓘ
fullName	US GAAP self-linksurface differs ⓘ surface form: United States Generally Accepted Accounting Principles
governs	accounting changes and error corrections ⓘ asset retirement obligations ⓘ business combination accounting ⓘ cash flow statement presentation ⓘ comprehensive income reporting ⓘ consolidation of financial statements ⓘ consolidation of majority-owned subsidiaries ⓘ consolidation of variable interest entities ⓘ contingencies and provisions ⓘ debt and equity classification ⓘ disclosure requirements in financial reports ⓘ discontinued operations reporting ⓘ earnings per share reporting ⓘ fair value measurement ⓘ financial instruments accounting ⓘ foreign currency translation ⓘ goodwill impairment testing ⓘ hedge accounting ⓘ impairment of long-lived assets ⓘ income tax accounting ⓘ insurance contract accounting ⓘ intangible assets accounting ⓘ interim financial reporting ⓘ inventory accounting ⓘ lease accounting ⓘ measurement of assets ⓘ measurement of liabilities ⓘ noncontrolling interests in consolidated financial statements ⓘ nonmonetary transactions ⓘ oil and gas accounting in certain industries ⓘ pension and other postretirement benefit accounting ⓘ preparation of financial statements ⓘ presentation of balance sheet ⓘ presentation of financial statements ⓘ presentation of income statement ⓘ presentation of statement of cash flows ⓘ presentation of statement of shareholders’ equity ⓘ recognition of expenses ⓘ recognition of revenues ⓘ related party disclosures ⓘ restructuring charges ⓘ revenue recognition for contracts with customers ⓘ segment disclosures ⓘ segment reporting ⓘ share-based payment accounting ⓘ software development cost accounting ⓘ subsequent events reporting ⓘ troubled debt restructurings ⓘ
includesConcept	comparability ⓘ conservatism ⓘ consistency ⓘ full disclosure ⓘ going concern assumption ⓘ matching principle ⓘ materiality ⓘ relevance ⓘ reliability ⓘ revenue recognition principle ⓘ
includesStandard	US GAAP self-linksurface differs ⓘ surface form: ASC 230 Statement of Cash Flows US GAAP self-linksurface differs ⓘ surface form: ASC 260 Earnings Per Share US GAAP self-linksurface differs ⓘ surface form: ASC 280 Segment Reporting US GAAP self-linksurface differs ⓘ surface form: ASC 320 Investments—Debt and Equity Securities ASC 350 Intangibles—Goodwill and Other ⓘ US GAAP self-linksurface differs ⓘ surface form: ASC 606 Revenue from Contracts with Customers ASC 718 Compensation—Stock Compensation ⓘ ASC 740 Income Taxes ⓘ ASC 805 Business Combinations ⓘ ASC 842 Leases ⓘ
influencedBy	Securities and Exchange Commission ⓘ
language	English ⓘ
objective	provide decision-useful financial information to investors and creditors ⓘ
overseenBy	Financial Accounting Foundation ⓘ
previouslyComposedOf	APB Opinions ⓘ Accounting Research Bulletins ⓘ Statements of Financial Accounting Standards ⓘ
primaryRegulator	Financial Accounting Standards Board ⓘ
requires	audit by independent auditors for most public companies ⓘ
standardSetter	Financial Accounting Standards Board ⓘ
supports	comparability of financial statements across U.S. entities ⓘ
timePerspective	primarily historical financial information ⓘ
usedBy	companies whose securities trade in U.S. public markets ⓘ many U.S. private companies ⓘ
usedFor	SEC filings ⓘ annual reports to shareholders ⓘ external financial reporting ⓘ quarterly financial reports ⓘ

Referenced by (12)

Full triples — surface form annotated when it differs from this entity's canonical label.

US GAAP → composedOf → US GAAP self-linksurface differs ⓘ

this entity surface form: Accounting Standards Codification

TXN → filingStandard → US GAAP ⓘ

US GAAP → fullName → US GAAP self-linksurface differs ⓘ

this entity surface form: United States Generally Accepted Accounting Principles

DBX → hasReportingStandard → US GAAP ⓘ

this entity surface form: U.S. GAAP

Federal Realty Investment Trust → hasReportingStandard → US GAAP ⓘ

this entity surface form: U.S. GAAP

NYSE:FRT → hasReportingStandard → US GAAP ⓘ

subject surface form: Federal Realty Investment Trust

this entity surface form: U.S. GAAP