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.
All labels observed (13)
How this entity was disambiguated
This entity first appeared as the object of triple T189054 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: US GAAP Context triple: [TXN, filingStandard, US GAAP]
-
A.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
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B.
National Economic Accounts
The National Economic Accounts are a system of U.S. macroeconomic statistics that track aggregate measures like gross domestic product, income, and expenditure to assess overall economic performance.
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C.
GSA
GSA is the commonly used abbreviation for the Golden Spikes Award, an annual honor recognizing the top amateur baseball player in the United States.
-
D.
USCP
USCP is the federal law enforcement agency responsible for protecting the U.S. Capitol complex, its members, staff, and visitors.
-
E.
Code of Federal Regulations
The Code of Federal Regulations is the codification of the general and permanent rules and regulations issued by the departments and agencies of the United States federal government.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: US GAAP Target entity description: US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
-
A.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
-
B.
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
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C.
National Economic Accounts
The National Economic Accounts are a system of U.S. macroeconomic statistics that track aggregate measures like gross domestic product, income, and expenditure to assess overall economic performance.
-
D.
GSA
GSA is the commonly used abbreviation for the Golden Spikes Award, an annual honor recognizing the top amateur baseball player in the United States.
-
E.
USCP
USCP is the federal law enforcement agency responsible for protecting the U.S. Capitol complex, its members, staff, and visitors.
- F. None of above. chosen
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 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: US GAAP Description of subject: US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
Referenced by (23)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
U.S. GAAP
this entity surface form:
United States Generally Accepted Accounting Principles
this entity surface form:
Accounting Standards Codification
this entity surface form:
ASC 606 Revenue from Contracts with Customers
this entity surface form:
ASC 320 Investments—Debt and Equity Securities
this entity surface form:
ASC 230 Statement of Cash Flows
this entity surface form:
ASC 280 Segment Reporting
this entity surface form:
ASC 260 Earnings Per Share
this entity surface form:
U.S. GAAP
subject surface form:
Federal Realty Investment Trust
this entity surface form:
U.S. GAAP
this entity surface form:
Generally Accepted Accounting Principles
this entity surface form:
U.S. GAAP hierarchy
this entity surface form:
U.S. generally accepted accounting principles
this entity surface form:
US Generally Accepted Accounting Principles
this entity surface form:
Generally Accepted Accounting Principles
this entity surface form:
U.S. GAAP
this entity surface form:
U.S. GAAP
subject surface form:
Public Service Enterprise Group Incorporated
subject surface form:
onsemi