GAAPviitekehysten

GAAPviitekehysten refers to the frameworks or structures that underlie Generally Accepted Accounting Principles (GAAP). These frameworks provide the foundational concepts and principles that guide the development and application of accounting standards. They are not accounting standards themselves, but rather a conceptual basis for creating those standards.

The purpose of a GAAPviitekehys is to ensure that financial reporting is consistent, comparable, and transparent. By establishing a common understanding of fundamental accounting concepts, such as the qualitative characteristics of useful financial information (e.g., relevance, faithful representation) and the elements of financial statements (e.g., assets, liabilities, equity, income, expenses), these frameworks help preparers of financial statements and users of that information make informed decisions.

Different countries or regions may have their own specific GAAPviitekehysten. For example, the United States has its Conceptual Framework for Financial Reporting, which is developed by the Financial Accounting Standards Board (FASB). Internationally, the International Accounting Standards Board (IASB) has developed its own Conceptual Framework for Financial Reporting. While the core objectives are similar, there can be nuances in the underlying principles and their interpretation. These frameworks are periodically reviewed and updated to reflect changes in the economic environment and the needs of financial statement users.