Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:abbreviation |
gptkb:US_GAAP
|
| gptkbp:appliesTo |
nonprofit organizations
public companies private companies |
| gptkbp:basisFor |
accrual accounting
financial statements in the US |
| gptkbp:compatibleWith |
gptkb:law
|
| gptkbp:contrastsWith |
gptkb:IFRS
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:distinctFrom |
gptkb:IFRS
|
| gptkbp:enforcedBy |
gptkb:U.S._Securities_and_Exchange_Commission
|
| gptkbp:firstIssueDate |
1930s
|
| gptkbp:fullName |
gptkb:Generally_Accepted_Accounting_Principles_(United_States)
|
| gptkbp:governingBody |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:hasHierarchy |
authoritative guidance
non-authoritative guidance |
| gptkbp:heldBy |
set of standards
|
| https://www.w3.org/2000/01/rdf-schema#label |
United States GAAP
|
| gptkbp:includes |
bulletins
accounting standard opinions interpretations |
| gptkbp:language |
English
|
| gptkbp:principle |
conservatism principle
economic entity assumption full disclosure principle going concern assumption matching principle monetary unit assumption revenue recognition principle time period assumption cost principle |
| gptkbp:purpose |
standardize financial reporting
|
| gptkbp:relatedTo |
gptkb:International_Financial_Reporting_Standards
|
| gptkbp:requires |
disclosure of significant accounting policies
auditor's report for public companies comparative financial statements |
| gptkbp:source |
gptkb:FASB_Accounting_Standards_Codification
|
| gptkbp:subject |
SEC oversight
PCAOB standards for audits |
| gptkbp:updated |
FASB pronouncements
|
| gptkbp:usedBy |
nonprofit organizations
private companies auditors accountants publicly traded companies |
| gptkbp:bfsParent |
gptkb:ASC_340
|
| gptkbp:bfsLayer |
7
|