United States Generally Accepted Accounting Principles
Those United States Generally Accepted Accounting Principles (US GAAP; German: Generally recognized accounting principles) is the general name for those as well as that that .
The US-GAAP is very strongly individual case-regulation-referred. D.h. there are no generally which were laws (like z.B. the German are). Instead the US-GAAP regulates very particularly and in detail individual ranges of accounting. Contrary to generally which were laws these special regulations are only very reduced lay outable.
There are different Hierachieebenen of the US-GAAP, called the "House OF GAAP". The most important standards become of FASB (Financial Accounting standard board) fixed. The FASB is carried by a private donation, which is essentially financed by the American economy.
The standards are compiled by the FASB. Before the entry into force first a suggestion (draft) is published to the discussion. Everyone has opportunity to take for this position. After conclusion of this discussion (COMMENT by iodine) the standard revised if necessary again is finally adopted and published.
Beside the standards published by the FASB there are still further standards, which are necessary essentially so far interpretations, in the so-called House OF GAAP these obligatorily specifies.
| House OF GAAP | ||||
|---|---|---|---|---|
| Category (D) (lowest) | AICPA Accounting interpretation | FASB Implementation Guides (Q and A) | Widely recognized and prevalent industry practices | |
| Category (C) | FASB Emerging Issues task Force | AICPA AcSEC Practice bulletin | ||
| Category (B) | FASB Technical bulletin | AICPA Industry audit and Accounting Guides | AICPA statement OF position | |
| Category (A) (highest) | FASB standard and interpretation | APB Opinions (forerunner of the FASB standards) | AICPA Accounting Research Bulletins(Vorlaeufer of the FASB standards) | |
Accounting after international standards such as US-GAAP (or alternatively IFRS/IAS) a condition for German enterprises for the admission is into the market segment Prime standard at that . The permission to Prime standard a criterion is for the admission in most important German DAX.
See also: ,
| Please you consider also that ! |
