US Generally Accepted Accounting Principles

GPTKB entity

Predicate	Object
gptkbp:instanceOf	accounting standard
gptkbp:abbreviation	gptkb:US_GAAP
gptkbp:appliesTo	public companies private companies
gptkbp:basisFor	accrual accounting
gptkbp:category	gptkb:law gptkb:legislation accounting finance
gptkbp:compatibleWith	private companies (in some cases)
gptkbp:contrastsWith	gptkb:International_Financial_Reporting_Standards
gptkbp:countryOfOrigin	gptkb:United_States
gptkbp:enforcedBy	gptkb:SEC gptkb:Securities_and_Exchange_Commission
gptkbp:firstIssueDate	1930s
https://www.w3.org/2000/01/rdf-schema#label	US Generally Accepted Accounting Principles
gptkbp:includes	conservatism principle economic entity assumption full disclosure principle going concern assumption historical cost principle matching principle materiality principle monetary unit assumption revenue recognition principle time period assumption
gptkbp:language	English
gptkbp:oversees	gptkb:FASB gptkb:Financial_Accounting_Standards_Board
gptkbp:purpose	promote transparency ensure consistency in financial statements facilitate comparability
gptkbp:regulates	financial reporting
gptkbp:relatedTo	gptkb:Sarbanes-Oxley_Act gptkb:PCAOB gptkb:IFRS gptkb:AICPA
gptkbp:requires	gptkb:SEC_filings
gptkbp:subjectOf	accounting education CPA exam financial audits
gptkbp:usedBy	investors auditors accountants regulators creditors
gptkbp:bfsParent	gptkb:FASB_Accounting_Standards_Codification
gptkbp:bfsLayer	6