GAAP - Generally Accepted Accounting Principles
in the United States

, US GAAP , , , :

: GAAP, (IAS, IFRS)

US GAAP
Accounting Research Bulletins (ARB)
Accounting Principles Board (APB) Opinions
FASB Statements of Financial Accounting Standards (SFAS)
FASB Statements of Financial Accounting Concepts (SFAC)

Accounting Research Bulletins (ARB)
   Accounting Research Bulletins (No. 43, 45, 51)
ARB No. Issued

Title and Key Topics

43 June
1953
Restatement and Revision of Accounting Research Bulletins
(ARB No. 43 replaced ARBs issued September 1939 through January 1953.)
45 October
1955
Long-Term Construction-Type Contracts
(Percentage-of-Completion Method, Completed-Contract Method)
51 August
1959
Consolidated Financial Statements
(Consolidated Financial Statements, Combined Financial Statements, Minority Interests)

Accounting Principles Board (APB) Opinions
   APB Opinions Summary
Opinion Issued

Title and Key Topics

APB Opinion
No. 2
December
1962
Accounting for the Investment Credit
APB Opinion
No. 4
March
1964
Accounting for the Investment Credit
(Amendment of APB Opinion No. 2)
APB Opinion
No. 6
October
1965
Status of Accounting Research Bulletins
(Amendment of ARB No. 43)
APB Opinion
No. 7
November
1966
Reporting the Results of Operations
(I. Net Income and the Treatment of Extraordinary Items and Prior Period Adjustments
II. Computation and Reporting of Earnings per Shares.)
APB Opinion
No. 10
December
1966
Omnibus Opinion
(Consolidated Financial Statements, Poolings of Interest,
Convertible Debt and Debt Issued with Stock Warrants
Installment Method of Accounting )
APB Opinion
No. 11
December
1967
Accounting for Income Taxes
(Superseded by Statement of Financial Accounting Standards No. 96
issued in December 1987.)
APB Opinion
No. 14
March
1969
Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants
APB Opinion
No. 15
May
1969
Earnings per Share
(Superseded by Statement of Financial Accounting Standard No. 128
issued in February 1997.)
APB Opinion
No. 16
August
1970
Business Combinations
APB Opinion
No. 17
August
1970
Intangible Assets
APB Opinion
No. 18
March
1971
The Equity Method of Accounting for Investments in Common Stock
APB Opinion
No. 19
March
1971
Reporting Changes in Financial Position
(Superseded by Statement of Financial Accounting Standards No. 95
issued in November 1987.)
APB Opinion
No. 20
July
1971
Accounting Changes
APB Opinion
No. 21
August
1971
Interest on Receivables and Payables
APB Opinion
No. 22
April
1972
Disclosure of Accounting Policies
APB Opinion
No. 23
April
1972
Accounting for Income Taxes - Special Areas
APB Opinion
No. 25
October
1972
Accounting for Stock Issued to Employees
APB Opinion
No. 26
October
1972
Early Extinguishment of Debt
APB Opinion
No. 28
May
1973
Interim Financial Reporting
APB Opinion
No. 29
May
1973
Accounting for Nonmonetary Transactions
APB Opinion
No. 30
June
1973
Reporting the Results of Operations
Reporting the Effects of Disposal of a Segment of a Business,
and Extraordinary, Unusual and Infrequently Occurring Events and Transactions
APB Opinion
No. 31
June
1973
Disclosure of Lease Commitments by Lessees
(Superseded by Statement of Financial Accounting Standards No. 13
issued in November 1976.)

Statements of Financial Accounting Concepts (SFAC)
   FASB Concept Statements Summary
SFAC
No.

Title

Issue Date
1 Objectives of Financial Reporting by Business Enterprises November 1978
2 Qualitative Characteristics of Accounting Information May 1980
3 Superseded by SFAC No. 6  
4 Objectives of Financial Reporting by Nonbusiness Organizations December 1980
5 Recognition and Measurement in Financial Statements of Business Enterprises December 1984
6 Elements of Financial Statements December 1985
7 Using Cash Flow Information and Present Value in Accounting Measurements February 2000

Statements of Financial Accounting Standards (SFAS)
   FASB Statements Summary
SFAS No. Issued

Title and Key Topics

2 October
1974
Accounting for Research and Development Costs
5 March
1975
Accounting for Contingencies
13 November
1976
Accounting for Leases
15 June
1977
Accounting by Debtors and Creditors for Troubled Debt Restructurings
16 June
1977
Prior Period Adjustments
34 October
1979
Capitalization of Interest Cost
52 December 1981 Foreign Currency Translation
57 March
1982
Related Party Disclosures
80 August
1984
Accounting for Futures Contracts
86 August
1985
Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed
87 December
1985
Employers' Accounting for Pensions
95 November
1987
Statement of Cash Flows
96 December
1987
Accounting for Income Taxes
100 December
1988
Accounting for Income Taxes-Deferral of the Effective Date of FASB Statement No. 96an amendment of FASB Statement No. 96
101 December
1988
Regulated Enterprises-Accounting for the Discontinuation of Application of FASB Statement No. 71
102 February
1989
Statement of Cash Flows-Exemption of Certain Enterprises and Classification of Cash Flows from Certain Securities Acquired for Resalean amendment of FASB Statement No. 95
103 December
1989
Accounting for Income Taxes-Deferral of the Effective Date of FASB Statement No. 96an amendment of FASB Statement No. 96
104 December
1989
Statement of Cash Flows-Net Reporting of Certain Cash Receipts and Cash Payments and Classification of Cash Flows from Hedging Transactionsan amendment of FASB Statement No. 95
105 March
1990
Disclosure of Information about Financial Instruments with Off-Balance-Sheet Risk and Financial Instruments with Concentrations of Credit Risk
106 December
1990
Employers' Accounting for Postretirement Benefits Other Than Pensions
107 December
1991
Disclosures about Fair Value of Financial Instruments
108 December
1991
Accounting for Income Taxes-Deferral of the Effective Date of FASB Statement No. 96an amendment of FASB Statement No. 96
109 February
1992
Accounting for Income Taxes
110 August
1992
Reporting by Defined Benefit Pension Plans of Investment Contractsan amendment of FASB Statement No. 35
111 November
1992
Rescission of FASB Statement No. 32 and Technical Corrections
112 November
1992
Employers' Accounting for Postemployment Benefitsan amendment of FASB Statements No. 5 and 43
113 December
1992
Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts
114 May
1993
Accounting by Creditors for Impairment of a Loanan amendment of FASB Statements No. 5 and 15
115 May
1993
Accounting for Certain Investments in Debt and Equity Securities
116 June
1993
Accounting for Contributions Received and Contributions Made
117 June
1993
Financial Statements of Not-for-Profit Organizations
118 October
1994
Accounting by Creditors for Impairment of a Loan-Income Recognition and Disclosuresan amendment of FASB Statement No. 114
119 October
1994
Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments
120 January
1995
Accounting and Reporting by Mutual Life Insurance Enterprises and by Insurance Enterprises for Certain Long-Duration Participating Contractsan amendment of FASB Statements 60, 97, and 113 and Interpretation No. 40
121 March
1995
Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of
122 May
1995
Accounting for Mortgage Servicing Rightsan amendment of FASB Statement No. 65
123 October
1995
Revised December 2004
1995 version:  Accounting for Stock-Based Compensation

2004 version:  Share-Based Payment

124 November
1995
Accounting for Certain Investments Held by Not-for-Profit Organizations
125 June
1996
Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities
126 December
1996
Exemption from Certain Required Disclosures about Financial Instruments for Certain Nonpublic Entitiesan amendment to FASB Statement No. 107
127 December
1996
Deferral of the Effective Date of Certain Provisions of FASB Statement No. 125an amendment to FASB Statement No. 125
128 February
1997
Earnings per Share
129 June
1997
Disclosure of Information about Capital Structure
130 June
1997
Reporting Comprehensive Income
131 June
1997
Disclosures about Segments of an Enterprise and Related Information
132 February
1998
Revised December 2003
Employers' Disclosures about Pensions and Other Postretirement Benefitsan amendment of FASB Statements No. 87, 88, and 106
133 June
1998
Accounting for Derivative Instruments and Hedging Activities
134 October
1998
Accounting for Mortgage-Backed Securities Retained after the Securitization of Mortgage Loans Held for Sale by a Mortgage Banking Enterprisean amendment of FASB Statement No. 65
135 February
1999
Rescission of FASB Statement No. 75 and Technical Corrections
136 June
1999
Transfers of Assets to a Not-for-Profit Organization or Charitable Trust That Raises or Holds Contributions for Others
137 June
1999
Accounting for Derivative Instruments and Hedging Activities--
Deferral of the Effective Date of FASB Statement No. 133an amendment of FASB Statement No. 133
138 June
2000
Accounting for Certain Derivative Instruments and Certain Hedging Activities-an amendment of FASB Statement No. 133
139 June
2000
Rescission of FASB Statement No. 53 and amendments to FASB Statements No. 63, 89, and 121
140 September
2000
Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities-a replacement of FASB Statement No. 125
141 June
2001
Business Combinations
142 June
2001
Goodwill and Other Intangible Assets
143 June
2001
Accounting for Asset Retirement Obligations
144 August
2001
Accounting for the Impairment or Disposal of Long-Lived Assets
145 April
2002
Rescission of FASB Statements No. 4, 44, and 64, 
Amendment of FASB Statement No. 13, and Technical Corrections
146 June
2002
Accounting for Costs Associated with Exit or Disposal Activities
147 October
2002
Acquisitions of Certain Financial Institutions
an amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9
148 December
2002
Accounting for Stock-Based CompensationTransition and Disclosure
an amendment of FASB Statement No. 123

FASB Statement No. 123 was revised in December 2004 and renamed as "Share-Based Payment."

149 April
2003
Amendment of Statement 133 on Derivative Instruments and Hedging Activities
150 May
2003
Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity
151 November
2004
Inventory Costsan amendment of ARB No. 43, Chapter 4
152 December
2004
Accounting for Real Estate Time-Sharing Transactionsan amendment of FASB Statements No. 66 and 67
153 December
2004
Exchanges of Nonmonetary Assetsan amendment of APB Opinion No. 29
154 May
2005
Accounting Changes and Error Correctionsa replacement of APB Opinion No. 20 and FASB Statement No. 3
155 February
2006
Accounting for Certain Hybrid Financial Instrumentsan amendment of FASB Statements No. 133 and 140
156 March
2006
Accounting for Servicing of Financial Assetsan amendment of FASB Statement No. 140
157 September
2006
Fair Value Measurements
158 September
2006
Employers Accounting for Defined Benefit Pension and Other Postretirement Plans
an amendment of FASB Statements No. 87, 88, 106, and 132(R)