Statements (60)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:International_Organization_for_Standardization
|
| gptkbp:applies_to |
private companies
public companies |
| gptkbp:developed_by |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:facilitates |
comparability of financial statements
|
| gptkbp:founded_in |
1930s
|
| gptkbp:governed_by |
gptkb:Securities_and_Exchange_Commission
|
| gptkbp:governs |
financial reporting in the United States
|
| https://www.w3.org/2000/01/rdf-schema#label |
US GAAP
|
| gptkbp:includes |
gptkb:International_Organization_for_Standardization
reporting standards guidance on leases guidance on pensions FASB Statements EITF Abstracts FASB Interpretations guidance on stock compensation |
| gptkbp:influences |
investment decisions
|
| gptkbp:international_recognition |
as a standard for US companies
|
| gptkbp:is_a_framework_for |
financial decision making
|
| gptkbp:is_based_on |
historical cost principle
matching principle revenue recognition principle |
| gptkbp:is_compared_to |
gptkb:IFRS
|
| gptkbp:is_critical_for |
regulatory compliance
tax reporting |
| gptkbp:is_essential_for |
risk assessment
stakeholder communication financial transparency credit analysis |
| gptkbp:is_often_compared_to |
local GAAPs in other countries
|
| gptkbp:is_recognized_by |
financial analysts
|
| gptkbp:is_subject_to |
peer review
changes in regulations interpretation by auditors |
| gptkbp:is_taught_in |
accounting programs
|
| gptkbp:is_updated_by |
gptkb:FASB
to reflect changes in the economy |
| gptkbp:is_used_for |
financial forecasting
performance evaluation budgeting purposes |
| gptkbp:is_used_in |
financial modeling
mergers and acquisitions |
| gptkbp:mandates |
audited financial statements for public companies
|
| gptkbp:provides |
framework for financial audits
guidance for asset valuation guidance for liability recognition guidance for revenue recognition |
| gptkbp:requires |
quarterly financial statements
annual financial statements management discussion and analysis disclosure of accounting policies consistent financial statements |
| gptkbp:supports |
investor confidence
market efficiency |
| gptkbp:used_by |
gptkb:auditors
|
| gptkbp:was_developed_in_response_to |
financial scandals
|
| gptkbp:was_influenced_by |
gptkb:Great_Depression
|
| gptkbp:bfsParent |
gptkb:IFRS_9
|
| gptkbp:bfsLayer |
5
|