U.S. GAAP Codification of Accounting Standards Guide by AccountingINFO.com

Generally Accepted Accounting Principles
in the United States

Recognition and Measurement
in Financial Statements of Business Enterprises
(SFAC No. 5)

Principles of Accounting, U.S. GAAP Financial Reporting Guide

Accounting by Topic, Accounting Terms Dictionary

SFAC No. 5

Statement of Financial Accounting Concepts (SFAC) No. 5
        a. Recognition and Measurement in Financial Statements of Business Enterprises
        b. Issued in December 1984

SFAC No. 5 includes the concepts of
     Financial Statements
     Full Set of Financial Statements
     Purposes of Financial Statements
     Recognition
     Recognition Criteria
     Relevance
     Reliability
     Recognition of Revenues
     Recognition of Expenses
     Recognition of Gains
     Recognition of Losses
     Recognition of Changes in Assets
     Recognition of Changes in Liabilities

Other Statements of Financial Accounting Concepts (SFAC)

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3	Superseded by SFAC No. 6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

U.S. GAAP Codification

Accounting Topics

Inventory Valuation Methods

Depreciation Methods

Revenue Recognition Principle

Accrual Basis vs. Cash Basis Accounting

Basics of Journal Entries

Ratios for Financial Statement Analysis

Overview of Financial Statements