# US GAAP

> US GAAP — Generally accepted accounting principles in the United States — for nongovernmental entities, the FASB Accounting Standards Codification; for SEC registrants, also the SEC's rules and interpretive releases.

Source: https://lopifi.com/glossary/us-gaap
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is us gaap?** In accounting, US GAAP means generally accepted accounting principles in the United States — for nongovernmental entities, the FASB Accounting Standards Codification; for SEC registrants, also the SEC's rules and interpretive releases.

## Words this system refuses for it

- GAAP alone where IFRS is meant
- GAAP rules

- **Category:** Foundations
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)