U.S. GAAP

Generally Accepted Accounting Principles
in the United States

GAAP

Sources of GAAP

Accounting Topics

Financial Accounting Standards Board (FASB)
Statements of Financial Accounting Standards (SFAS)

U.S. GAAP by Topic

Accounting Principles Board (APB) Opinions

Statements of Financial Accounting Concepts (SFAC)

Statements of Financial Accounting Standards (SFAS)

SFAS No.	Issued	Title and Key Topics
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)
157	September 2006	Fair Value Measurements
156	March 2006	Accounting for Servicing of Financial Assets—an amendment of FASB Statement No. 140
155	February 2006	Accounting for Certain Hybrid Financial Instruments—an amendment of FASB Statements No. 133 and 140
154	May 2005	Accounting Changes and Error Corrections—a replacement of APB Opinion No. 20 and FASB Statement No. 3
153	December 2004	Exchanges of Nonmonetary Assets—an amendment of APB Opinion No. 29
123	October 1995 Revised December 2004	1995 version: Accounting for Stock-Based Compensation 2004 version: Share-Based Payment
152	December 2004	Accounting for Real Estate Time-Sharing Transactions—an amendment of FASB Statements No. 66 and 67
151	November 2004	Inventory Costs—an amendment of ARB No. 43, Chapter 4
150	May 2003	Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity
149	April 2003	Amendment of Statement 133 on Derivative Instruments and Hedging Activities
148	December 2002	Accounting for Stock-Based Compensation—Transition and Disclosure— an amendment of FASB Statement No. 123 FASB Statement No. 123 was revised in December 2004 and renamed as "Share-Based Payment."
147	October 2002	Acquisitions of Certain Financial Institutions —an amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9
146	June 2002	Accounting for Costs Associated with Exit or Disposal Activities
145	April 2002	Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections
144	August 2001	Accounting for the Impairment or Disposal of Long-Lived Assets
143	June 2001	Accounting for Asset Retirement Obligations
142	June 2001	Goodwill and Other Intangible Assets
141	June 2001	Business Combinations
140	September 2000	Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities-a replacement of FASB Statement No. 125
1	December 1973	Disclosure of Foreign Currency Translation Information -->SFAS No. 1: superseded by SFAS No. 8, October, 1975 -->SFAS No. 8: superseded by SFAS No. 52, December 1981
2	October 1974	Accounting for Research and Development Costs
3	December 1974	Reporting Accounting Changes in Interim Financial Statements -->SFAS No. 3: superseded by SFAS No. 154, May 2005
4	March 1975	Reporting Gains and Losses from Extinguishment of Debt
5	March 1975	Accounting for Contingencies
6	May 1975	Classification of Short-Term Obligations Expected to Be Financed: An Amendment of ARB No. 43, Chapter 3A
7	June 1975	Accounting and Reporting by Development Stage Enterprises
8	October 1975	Accounting for the Translation of Foreign Currency Transactions and Foreign Currency Financial Statements -->SFAS No. 8: superseded by SFAS No. 52, December 1981
9	October 1975	Accounting for Income Taxes: Oil and Gas Producing Companies—an amendment of APB Opinions No. 11 and 23 -->SFAS No. 9: superseded by SFAS No. 19, December 1977
10	October 1975	Extension of "Grandfather" Provisions for Business Combinations—an amendment of APB Opinion No. 16 -->SFAS No. 10: superseded by SFAS No. 141, June 2001
11	December 1975	Accounting for Contingencies: Transition Method—an amendment of FASB Statement No. 5
12	December 1975	Accounting for Certain Marketable Securities -->SFAS No. 12: superseded by SFAS No. 115, May 1993
13	November 1976	Accounting for Leases
14	November 1976	Financial Reporting for Segments of a Business Enterprise -->SFAS No. 14: superseded by SFAS No. 131, June 1997
15	June 1977	Accounting by Debtors and Creditors for Troubled Debt Restructurings
16	June 1977	Prior Period Adjustments -->SFAS No. 16: superseded by SFAS No. 115, May 1993
17	November 1977	Accounting for Leases: Initial Direct Costs—an amendment of FASB Statement No. 13 -->SFAS No. 17: superseded by SFAS No. 91, December 1986
18	November 1977	Financial Reporting for Segments of a Business Enterprise: Interim Financial Statements—an amendment of FASB Statement No. 14 -->SFAS No. 18: superseded by SFAS No. 131, June 1997
19	December 1977	Financial Accounting and Reporting by Oil and Gas* Producing Companies*
20	December 1977	Accounting for Forward Exchange Contracts—an amendment of FASB Statement No. 8 -->SFAS No. 20: superseded by SFAS No. 52, December 1981
21	April 1978	Suspension of the Reporting of Earnings per Share and Segment Information* by Nonpublic Enterprises—an amendment of APB Opinion No. 15 and FASB Statement No. 14* -->SFAS No. 21: superseded by SFAS No. 131, June 1997
22	June 1978	Changes in the Provisions of Lease Agreements* Resulting from Refundings of Tax-Exempt Debt—an amendment of FASB Statement No. 13*
23	August 1978	Inception of the Lease—an amendment of FASB Statement No. 13
24	December 1978	Reporting Segment Information* in Financial Statements That Are Presented in Another Enterprise's Financial Report—an amendment of FASB Statement No. 14* -->SFAS No. 24: superseded by SFAS No. 131, June 1997
25	February 1979	Suspension of Certain Accounting Requirements for Oil and Gas* Producing Companies—an amendment of FASB Statement No. 19*
26	April 1979	Profit Recognition on Sales-Type Leases* of Real Estate—an amendment of FASB Statement No. 13* -->SFAS No. 26: superseded by SFAS No. 98, May 1988
27	May 1979	Classification of Renewals or Extensions of Existing Sales-Type or Direct Financing Leases—an amendment of FASB Statement No. 13
28	May 1979	Accounting for Sales with Leasebacks—an amendment of FASB Statement No. 13
29	June 1979	Determining Contingent Rentals—an amendment of FASB Statement No. 13
30	August 1979	Disclosure of Information about Major Customers—an amendment of FASB Statement No. 14 -->SFAS No. 30: superseded by SFAS No. 131, June 1997
31	September 1979	Accounting for Tax Benefits* Related to U.K. Tax Legislation Concerning Stock Relief* -->SFAS No. 31: superseded by SFAS No. 96, December 1987 -->SFAS No. 96: superseded by SFAS No. 109, February 1992
32	September 1979	Specialized Accounting and Reporting Principles and Practices in AICPA Statements of Position and Guides on Accounting and Auditing Matters—an amendment of APB Opinion No. 20
33	September 1979	Financial Reporting and Changing Prices -->SFAS No. 33: superseded by SFAS No. 89, December 1986
34	October 1979	Capitalization of Interest Cost
35	March 1980	Accounting and Reporting by Defined Benefit Pension Plans
36	May 1980	Disclosure of Pension* Information—an amendment of APB Opinion No. 8* -->SFAS No. 36: superseded by SFAS No. 87, December 1985
37	July 1980	Balance Sheet Classification of Deferred Income Taxes—an amendment of APB Opinion No. 11 -->SFAS No. 37: superseded by SFAS No. 96, December 1987 -->SFAS No. 96: superseded by SFAS No. 109, February 1992
38	September 1980	Accounting for Preacquisition Contingencies of Purchased Enterprises—an amendment of APB Opinion No. 16 -->SFAS No. 38: superseded by SFAS No. 141, June 2001
39	October 1980	Financial Reporting and Changing Prices: Specialized Assets-Timberlands and Growing Timber -->SFAS No. 39: superseded by SFAS No. 89, December 1986
40	November 1980	Financial Reporting and Changing Prices: Specialized Assets-Timberlands and Growing Timber -->SFAS No. 40: superseded by SFAS No. 89, December 1986
41	November 1980	Financial Reporting and Changing Prices: Specialized Assets-Income-Producing Real Estate -->SFAS No. 41: superseded by SFAS No. 89, December 1986
42	November 1980	Determining Materiality for Capitalization of Interest* Cost—an amendment of FASB Statement No. 34*
43	November 1980	Accounting for Compensated Absences
44	December 1980	Accounting for Intangible Assets* of Motor Carriers* -->SFAS No. 44: superseded by SFAS No. 145, April 2002
45	March 1981	Accounting for Franchise Fee* Revenue*
46	March 1981	Financial Reporting and Changing Prices: Motion Picture Films -->SFAS No. 46: superseded by SFAS No. 89, December 1986
47	March 1981	Disclosure of Long-Term Obligations
48	June 1981	Revenue Recognition When Right of Return* Exists*
49	June 1981	Accounting for Product Financing* Arrangements*
50	November 1981	Financial Reporting in the Record and Music Industry
51	November 1981	Financial Reporting by Cable Television Companies
52	December 1981	Foreign Currency Translation
53	December 1981	Financial Reporting by Producers and Distributors of Motion Picture Films -->SFAS No. 53: superseded by SFAS No. 139, June 2000
54	January 1982	Financial Reporting and Changing Prices: Investment Companies -->SFAS No. 54: superseded by SFAS No. 89, December 1986
55	February 1982	Determining whether a Convertible Security is a Common Stock Equivalent—an amendment of APB Opinion No. 15 -->SFAS No. 55: superseded by SFAS No. 111, November 1992
56	February 1982	Designation of AICPA Guide and Statement of Position (SOP) 81-1 on Contractor Accounting and SOP 81-2 concerning Hospital-Related Organizations as Preferable for Purposes of Applying APB Opinion 20—an amendment of FASB Statement No. 32 -->SFAS No. 56: superseded by SFAS No. 111, November 1992
57	March 1982	Related Party Disclosures
58	April 1982	Capitalization of Interest Cost in Financial Statements That Include Investments Accounted for by the Equity Method—an amendment of FASB Statement No. 34
59	April 1982	Deferral of the Effective Date of Certain Accounting Requirements for Pension Plans* of State and Local Governmental Units—an amendment of FASB Statement No. 35* -->SFAS No. 59: superseded by SFAS No. 75, November 1983
60	June 1982	Accounting and Reporting by Insurance Enterprises
61	June 1982	Accounting for Title Plant
62	June 1982	Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants—an amendment of FASB Statement No. 34
63	June 1982	Financial Reporting by Broadcasters
64	September 1982	Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements—an amendment of FASB Statement No. 4 -->SFAS No. 64: superseded by SFAS No. 145, April 2002
65	September 1982	Accounting for Certain Mortgage Banking Activities
66	October 1982	Accounting for Sales of Real Estate
67	October 1982	Accounting for Costs and Initial Rental Operations of Real Estate* Projects*
68	October 1982	Research and Development Arrangements
69	November 1982	Disclosures about Oil and Gas* Producing Activities—an amendment of FASB Statements 19, 25, 33, and 39*
70	December 1982	Financial Reporting and Changing Prices: Foreign Currency Translation—an amendment of FASB Statement No. 33 -->SFAS No. 70: superseded by SFAS No. 89, December 1986
71	December 1982	Accounting for the Effects of Certain Types of Regulation
72	March 1983	Accounting for Certain Acquisitions of Banking or Thrift Institutions—an amendment of APB Opinion No. 17, an interpretation of APB Opinions 16 and 17, and an amendment of FASB Interpretation No. 9
73	August 1983	Reporting a Change in Accounting for Railroad Track Structures—an amendment of APB Opinion No. 20 -->SFAS No. 73: superseded by SFAS No. 154, May 2005
74	August 1983	Accounting for Special Termination Benefits Paid to Employees -->SFAS No. 74: superseded by SFAS No. 88, December 1985
75	November 1983	Deferral of the Effective Date of Certain Accounting Requirements for Pension Plans of State and Local Governmental Units—an amendment of FASB Statement No. 35 -->SFAS No. 75: superseded by SFAS No. 135, February 1999
76	November 1983	Extinguishment of Debt-an amendment of APB Opinion No. 26 -->SFAS No. 76: superseded by SFAS No. 125, June 1996
77	November 1983	Reporting by Transferors for Transfers of Receivables* with Recourse* -->SFAS No. 77: superseded by SFAS No. 125, June 1996
78	December 1983	Classification of Obligations That Are Callable by the Creditor—an amendment of ARB No. 43, Chapter 3A
79	February 1984	Elimination of Certain Disclosures for Business Combinations* by Nonpublic Enterprises—an amendment of APB Opinion No. 16* -->SFAS No. 79: superseded by SFAS No. 141, June 2001
80	August 1984	Accounting for Futures Contracts -->SFAS No. 80: superseded by SFAS No. 133, June 1998
81	November 1984	Disclosure of Postretirement Health Care and Life Insurance Benefits -->SFAS No. 81: superseded by SFAS No. 106, December 1990
82	March 1981	Financial Reporting and Changing Prices: Motion Picture Films -->SFAS No. 82: superseded by SFAS No. 89, December 1986
83	March 1985	Designation of AICPA Guides and Statement of Position on Accounting by Brokers and Dealers in Securities, by Employee Benefit Plans, and by Banks as Preferable for Purposes of Applying APB Opinion 20 -->SFAS No. 83: superseded by SFAS No. 111, December 1986
84	March 1985	Induced Conversions of Convertible Debt—an amendment of APB Opinion No. 26
85	March 1985	Yield Test for Determining whether a Convertible Security is a Common Stock Equivalent—an amendment of APB Opinion No. 15 -->SFAS No. 85: superseded by SFAS No. 128, February 1997
86	August 1985	Accounting for the Costs of Computer Software* to Be Sold, Leased, or Otherwise Marketed*
87	December 1985	Employers' Accounting for Pensions
88	December 1985	Employers' Accounting for Settlements and Curtailments of Defined Benefit Pension Plans* and for Termination Benefits*
89	December 1986	Financial Reporting and Changing Prices
90	December 1986	Regulated Enterprises-Accounting for Abandonments and Disallowances of Plant Costs—an amendment of FASB Statement No. 71
91	December 1986	Accounting for Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Costs of Leases—an amendment of FASB Statements No. 13, 60, and 65 and a rescission of FASB Statement No. 17
92	August 1987	Regulated Enterprises-Accounting for Phase-in Plans—an amendment of FASB Statement No. 71
93	August 1987	Recognition of Depreciation by Not-for-Profit Organizations
94	October 1987	Consolidation of All Majority-owned Subsidiaries— an amendment of ARB No. 51, with related amendments of APB Opinion No. 18 and ARB No. 43, Chapter 12
95	November 1987	Statement of Cash Flows
96	December 1987	Accounting for Income Taxes -->SFAS No. 96: superseded by SFAS No. 109, February 1992
97	December 1987	Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments
98	May 1988	Accounting for Leases: Sale-Leaseback Transactions Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease Term, and Initial Direct Costs of Direct Financing Leases—an amendment of FASB Statements No. 13, 66, and 91 and a rescission of FASB Statement No. 26 and Technical Bulletin No. 79-11
99	September 1988	Deferral of the Effective Date of Recognition of Depreciation by Not-for-Profit Organizations—an amendment of FASB Statement No. 93
100	December 1988	Accounting for Income Taxes-Deferral of the Effective Date of FASB Statement No. 96—an 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 Resale—an amendment of FASB Statement No. 95
103	December 1989	Accounting for Income Taxes-Deferral of the Effective Date of FASB Statement No. 96—an 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 Transactions—an 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. 96—an amendment of FASB Statement No. 96
109	February 1992	Accounting for Income Taxes
110	August 1992	Reporting by Defined Benefit Pension Plans of Investment Contracts—an 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 Benefits—an 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 Loan —an 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 Disclosures —an 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 Contracts—an 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 Rights—an 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 Entities—an amendment to FASB Statement No. 107
127	December 1996	Deferral of the Effective Date of Certain Provisions of FASB Statement No. 125—an 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 Benefits—an 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 Enterprise—an 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. 133—an 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 Compensation—Transition 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 Costs—an amendment of ARB No. 43, Chapter 4
123	October 1995 Revised December 2004	1995 version: Accounting for Stock-Based Compensation 2004 version: Share-Based Payment
152	December 2004	Accounting for Real Estate Time-Sharing Transactions—an amendment of FASB Statements No. 66 and 67
153	December 2004	Exchanges of Nonmonetary Assets—an amendment of APB Opinion No. 29
154	May 2005	Accounting Changes and Error Corrections—a replacement of APB Opinion No. 20 and FASB Statement No. 3
155	February 2006	Accounting for Certain Hybrid Financial Instruments—an amendment of FASB Statements No. 133 and 140
156	March 2006	Accounting for Servicing of Financial Assets—an 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)

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