United States Generally Accepted Accounting Principles

United States Generally Accepted Accounting Principles "US GAAP" is United States GAAP and generally accepted accounting practice.

For corporations and private companies, the accounting standards recognized by the Financial Accounting Standards Board ("FASB") as US GAAP are of paramount importance, as they are regulated by the Securities and Exchange Commission ("SEC"), the US Securities and Exchange Commission Stock Exchange, and the American Institute of Certified Public Accountants ("AICPA").
The SEC may use its powers to prescribe the accounting rules for US corporations and organizations.

The US GAAP of the FASB has been developed essentially to better inform current and potential investors and is characterized by this objective. They originally consisted of a series of individual case regulations issued by various bodies. In 2009, the FASB selected and systematised the individual case rules that it considered relevant and summarized them in the Accounting Standards Codification ("FASB ASC").
This is now the sole source of FASB-authorized US GAAP, in addition to the SEC's pronouncements.

Your feedback?

Average 0 / 5. Number of votes: 0

Be the first to rate 🙂

Great. Thank you very much!

Maybe you want to follow us on ...

We are sorry that you did not like this post so much.

How can we improve that?

Your feedback?

Average 0 / 5. Number of votes: 0

Be the first to rate :-)

Great. Thank you very much!

Maybe you want to follow us on ...

We are sorry that you did not like this post so much.

How can we improve that?

Zurück
US GAAP
Weiter
move management
Do NOT follow this link or you will be banned from the site!