US GAAP

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US GAAP are the Generally Accepted Accounting Principles used by companies based in the USA or listed at Wall Street. US GAAP comprises a massive volume of standards, interpretations, opinions and bulletins and are developed by the FASB (Financial Accounting Standards Board), the accounting profession (AICPA) and the SEC (Securities and Exchange Commission).

US GAAP is a combination of authoritative standards by policy organizations and the accepted ways of doing accounting.

US GAAP standards are certainly equivalent to IAS. However, they are developed without any input from outside the US. US GAAP is very detailed, reflecting the litigious environment in the US which calls for more and more detailed regulation. US GAAP cannot be detached from regulatory intervention by the SEC.

Book: Wiley - GAAP 2004

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Information Sources Various sources of information regarding the US GAAP. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Dealing with Complexity / Transparency in Financial Information Corporate Transparency, Financial Complexity, Information Complexity, Information Transparancy This presentation is about information transparency, and includes the following sections: 1. Introduction: an experimen... USGAAP versus IFRS on Intangibles Accounting Intangible Assets, Accounting, USGAAP, IFRS This presentation compares USGAAP and IFRS, and includes the following sections: 1. Presentation Overview 2. Executive... Choosing for IFRS or US GAAP Accounting regime differences Due to the increased competition on capital markets and given the global importance of US markets, IFRS and US GAAP are ... IAS and US GAAP IAS, US GAAP, Accounting Quali Mary E. Barth a.o. compare measures of accounting quality for firms applying IAS with US firms to investigate whether IA...

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