The FASB Accounting Standards Codification ® is the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (GAAP).

Jun 17, 2025 · GAAP is a set of generally accepted accounting principles widely used in the U.S. for financial reporting by corporations and government entities.

Published and maintained by the Financial Accounting Standards Board (FASB), the Accounting Standards Codification outlines the specific and authoritative rules governing GAAP for non …

Jul 12, 2022 · Generally Accepted Accounting Principles or GAAP are the set of accounting principles, concepts, and guidelines that guide the more detailed and comprehensive accounting rules, …

The standards are known collectively as Generally Accepted Accounting Principles—or GAAP. For all organizations, GAAP is based on established concepts, objectives, standards and conventions that …

4 days ago · Gain insight into the logic of GAAP and how these uniform practices foster the transparency and trust essential for informed economic decision-making.

Learn what GAAP is, its core accounting principles and standards, and how it ensures consistency, transparency, and comparability in financial reporting.