Generally Accepted Accounting Principles (United States)
GPTKB entity
Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:abbreviation |
gptkb:US_GAAP
|
| gptkbp:appliesTo |
nonprofit organizations
public companies private companies |
| gptkbp:basisFor |
financial statements
|
| gptkbp:category |
gptkb:legislation
accounting finance |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:distinctFrom |
gptkb:IFRS
gptkb:International_Financial_Reporting_Standards |
| gptkbp:enforcedBy |
gptkb:Securities_and_Exchange_Commission
|
| gptkbp:established |
1930s
|
| gptkbp:governs |
balance sheet
income statement statement of cash flows statement of shareholders' equity |
| https://www.w3.org/2000/01/rdf-schema#label |
Generally Accepted Accounting Principles (United States)
|
| 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 |
| gptkbp:issuedBy |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:language |
English
|
| gptkbp:purpose |
protect investors
enhance transparency facilitate comparability ensure consistency in financial reporting |
| gptkbp:regulates |
financial reporting
financial accounting |
| gptkbp:relatedTo |
gptkb:International_Financial_Reporting_Standards
|
| gptkbp:subject |
amendments
interpretations periodic updates |
| gptkbp:usedBy |
gptkb:government_agency
corporations auditors accountants |
| gptkbp:website |
https://www.fasb.org/gaap
|
| gptkbp:bfsParent |
gptkb:US_GAAP
|
| gptkbp:bfsLayer |
7
|