Generally Accepted Accounting Principles (GAAP)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	accounting standard
gptkbp:abbreviation	gptkb:GAAP
gptkbp:appliesTo	gptkb:United_States
gptkbp:basisFor	financial reporting in the United States
gptkbp:compatibleWith	most countries outside the United States
gptkbp:contrastsWith	gptkb:International_Financial_Reporting_Standards
gptkbp:enforcedBy	gptkb:Securities_and_Exchange_Commission
gptkbp:firstIssueDate	1930s
gptkbp:governedBy	gptkb:Financial_Accounting_Standards_Board
https://www.w3.org/2000/01/rdf-schema#label	Generally Accepted Accounting Principles (GAAP)
gptkbp:includes	principle of consistency principle of continuity principle of materiality principle of non-compensation principle of periodicity principle of permanence of methods principle of prudence principle of regularity principle of sincerity principle of utmost good faith accounting standards codification
gptkbp:language	English
gptkbp:purpose	protect investors ensure consistency in accounting standardize financial reporting
gptkbp:relatedTo	accounting auditing financial statements
gptkbp:updated	gptkb:Financial_Accounting_Standards_Board
gptkbp:usedBy	public companies in the United States private companies in the United States
gptkbp:bfsParent	gptkb:Fixed_Asset_Management
gptkbp:bfsLayer	6