U.S. GAAP definition: Copy, customize, and use instantly
Introduction
The term "U.S. GAAP" refers to the generally accepted accounting principles used in the United States for financial reporting. These principles establish the framework for financial accounting and reporting standards to ensure consistency, transparency, and accuracy in financial statements.
Below are various examples of how "U.S. GAAP" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "U.S. GAAP" in financial reporting
This definition ties "U.S. GAAP" to the standards governing financial statements in the U.S.
"U.S. GAAP" means the set of accounting principles, standards, and procedures used in the United States for financial reporting, as established by the Financial Accounting Standards Board (FASB).
Definition of "U.S. GAAP" in compliance
This definition connects "U.S. GAAP" to regulatory compliance.
"U.S. GAAP" refers to the standardized set of accounting principles that companies in the U.S. must follow to ensure compliance with financial reporting regulations and requirements.
Definition of "U.S. GAAP" in audits
This definition links "U.S. GAAP" to auditing practices.
"U.S. GAAP" means the set of accounting standards used by auditors in the U.S. to evaluate the financial statements of entities, ensuring transparency and reliability in financial reporting.
Definition of "U.S. GAAP" in tax accounting
This definition connects "U.S. GAAP" to tax-related accounting procedures.
"U.S. GAAP" refers to the accounting framework followed in the preparation of financial statements for tax purposes, ensuring proper reflection of income, expenses, and tax obligations in compliance with U.S. tax law.
Definition of "U.S. GAAP" in corporate governance
This definition applies "U.S. GAAP" to corporate decision-making.
"U.S. GAAP" means the accounting rules and guidelines that corporate entities in the U.S. must adhere to in order to prepare financial statements and report earnings accurately for stakeholders.
Definition of "U.S. GAAP" in financial analysis
This definition links "U.S. GAAP" to the analysis of financial statements.
"U.S. GAAP" refers to the standardized accounting principles that financial analysts use to interpret and assess the financial health of U.S.-based companies.
Definition of "U.S. GAAP" in earnings reports
This definition ties "U.S. GAAP" to the reporting of financial results.
"U.S. GAAP" means the accounting standards used to prepare and present earnings reports, ensuring that the financial results of companies are accurately reported in accordance with national accounting principles.
Definition of "U.S. GAAP" in investor relations
This definition connects "U.S. GAAP" to financial communication with investors.
"U.S. GAAP" refers to the accounting framework companies use when providing financial statements to investors, ensuring the accuracy and consistency of financial disclosures.
Definition of "U.S. GAAP" in consolidations
This definition links "U.S. GAAP" to the preparation of consolidated financial statements.
"U.S. GAAP" refers to the set of accounting standards used to consolidate the financial statements of parent companies and their subsidiaries into a single, unified report.
Definition of "U.S. GAAP" in revenue recognition
This definition applies "U.S. GAAP" to the recognition of income.
"U.S. GAAP" means the accounting principles that govern how and when revenue is recognized, ensuring companies in the U.S. report their income accurately and consistently.
Definition of "U.S. GAAP" in financial reporting for non-profit organizations
This definition connects "U.S. GAAP" to financial statements of non-profits.
"U.S. GAAP" refers to the accounting standards followed by non-profit organizations in the U.S. for preparing financial statements that comply with regulatory requirements and reflect the organization’s true financial condition.
Definition of "U.S. GAAP" in public company disclosures
This definition ties "U.S. GAAP" to the disclosure of financial data for public companies.
"U.S. GAAP" refers to the set of accounting rules public companies must follow when preparing and disclosing their financial statements to ensure transparency and accuracy in their reporting.
Definition of "U.S. GAAP" in the preparation of financial statements
This definition links "U.S. GAAP" to the preparation process of financial documents.
"U.S. GAAP" means the accounting principles used by U.S. companies to prepare financial statements that are consistent with accepted standards of financial reporting.
Definition of "U.S. GAAP" in the context of audits and reviews
This definition connects "U.S. GAAP" to the scope of audit and review processes.
"U.S. GAAP" refers to the generally accepted accounting principles used by auditors and reviewers to evaluate a company's financial statements for compliance with reporting standards.
Definition of "U.S. GAAP" in the valuation of assets
This definition links "U.S. GAAP" to asset valuation procedures.
"U.S. GAAP" refers to the accounting guidelines that govern the proper valuation of assets and liabilities on financial statements, ensuring accurate representation of a company’s financial position.
Definition of "U.S. GAAP" in the determination of profit
This definition applies "U.S. GAAP" to profit reporting.
"U.S. GAAP" means the set of accounting standards that dictate how profit is calculated and reported by companies in the United States, ensuring consistency and transparency in financial reporting.
Definition of "U.S. GAAP" in mergers and acquisitions
This definition connects "U.S. GAAP" to financial reporting during business combinations.
"U.S. GAAP" refers to the accounting principles applied in the financial reporting of mergers, acquisitions, and business combinations, ensuring that the transaction is reflected accurately in financial statements.
Definition of "U.S. GAAP" in disclosures of executive compensation
This definition ties "U.S. GAAP" to reporting of executive compensation.
"U.S. GAAP" means the accounting standards that govern the reporting of executive compensation and other related disclosures in financial statements for public companies.
Definition of "U.S. GAAP" in accounting for stock options
This definition connects "U.S. GAAP" to stock option accounting.
"U.S. GAAP" refers to the accounting rules that govern how stock options are valued, recorded, and reported by companies in their financial statements.
Definition of "U.S. GAAP" in the treatment of lease transactions
This definition links "U.S. GAAP" to accounting for leases.
"U.S. GAAP" means the set of standards used to account for lease transactions, including the classification of leases as either operating or capital leases and their impact on financial statements.
Definition of "U.S. GAAP" in the calculation of earnings per share
This definition ties "U.S. GAAP" to earnings calculations.
"U.S. GAAP" refers to the accounting principles used to calculate and report earnings per share (EPS) in financial statements, ensuring consistent measurement across companies.
Definition of "U.S. GAAP" in foreign currency translation
This definition connects "U.S. GAAP" to the translation of foreign transactions.
"U.S. GAAP" refers to the principles governing the translation of foreign currency transactions into U.S. dollars for the purpose of financial reporting.
Definition of "U.S. GAAP" in accounting for pensions
This definition applies "U.S. GAAP" to pension accounting.
"U.S. GAAP" means the accounting standards used to account for pension obligations, including the recognition of pension liabilities and expenses in financial statements.
Definition of "U.S. GAAP" in the treatment of goodwill
This definition links "U.S. GAAP" to goodwill accounting.
"U.S. GAAP" refers to the set of accounting principles that govern the treatment of goodwill in business combinations, including its valuation and impairment testing.
Definition of "U.S. GAAP" in the consolidation of financial statements
This definition connects "U.S. GAAP" to consolidation practices.
"U.S. GAAP" refers to the accounting standards that dictate the consolidation of financial statements, ensuring that financial data from parent and subsidiary companies is combined appropriately.
Definition of "U.S. GAAP" in fair value measurement
This definition ties "U.S. GAAP" to the measurement of asset values.
"U.S. GAAP" means the accounting standards that govern the fair value measurement of financial instruments, assets, and liabilities in financial reporting.
Definition of "U.S. GAAP" in the reporting of earnings and losses
This definition links "U.S. GAAP" to the reporting of profits and losses.
"U.S. GAAP" refers to the principles used to report the earnings and losses of a company, ensuring accurate representation of a company's financial performance.
Definition of "U.S. GAAP" in the recognition of contingent liabilities
This definition connects "U.S. GAAP" to liabilities accounting.
"U.S. GAAP" refers to the accounting rules for recognizing and disclosing contingent liabilities in financial statements, ensuring that potential liabilities are properly considered.
Definition of "U.S. GAAP" in the preparation of cash flow statements
This definition ties "U.S. GAAP" to the preparation of cash flows.
"U.S. GAAP" means the accounting standards used to prepare and present cash flow statements, which outline the sources and uses of a company's cash over a specific period.
Definition of "U.S. GAAP" in the reporting of related party transactions
This definition applies "U.S. GAAP" to related party transactions.
"U.S. GAAP" refers to the principles used to disclose related party transactions in financial statements, ensuring transparency in dealings with parties who have a close relationship with the reporting company.
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