US-GAAP-TAXONOMY

XBRL taxonomy of US-GAAP standards.

Definition

The US-GAAP Taxonomy is jointly managed by FASB and SEC, with ~17000 concepts. Annual edition (US-GAAP Taxonomy 2024). Covers Statement of Operations, Balance Sheet, Cash Flows, Statement of Equity, and all Subject Topics (revenue, leases, financial instruments). Extended by SRT (SEC Reporting Taxonomy), DEI (Document Entity Information).

Origin

First US-GAAP XBRL Taxonomy published 2008 ; SEC mandate since 2009.

Example in context

Microsoft Corp files its 10-K with custom extension on top of the US-GAAP Taxonomy 2024 for its Azure cloud-specific concepts.

Related terms

• XBRL Taxonomy — general concept.