Bundle catalog

frameworks bundle

US GAAP

A free, open-source set of 17 Markdown files that shows an AI assistant how to apply US GAAP to evidence, decisions, and reviewable outputs.

Use this bundle to apply US GAAP to a concrete question while keeping evidence, assumptions, stakeholder judgment, and review criteria visible. The page previews a framework guide, a workflow, and a template; the intended output is Accounting research memo. Start source review with FASB Standards.

Project-reviewed beta

17 Markdown files · 2,553 words · no signup · CC-BY-4.0

Professional review status

No professional domain review recorded

This bundle covers financial, accounting, legal subject matter. It uses cited sources to support research, but it is not professional advice and should not be the sole basis for consequential decisions.

Review before reliance: A qualified accounting or audit professional appropriate to the reporting context and jurisdiction.

Maintainer, editorial, or technical review addresses the bundle as a published artifact. It does not constitute legal, medical, financial, accounting, or other regulated professional approval.

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See what is inside

These previews come from the published bundle files, so you can judge the method and writing before using it.

Example task

Our SaaS company pays a large upfront implementation cost for a new customer contract. Can we capitalize it under U.S. GAAP? Give me a short answer for the controller. Assume no contract text, reporting period, ASC citation, materiality threshold, or policy excerpt is provided.

Without the bundle

You can generally capitalize implementation costs if they relate directly to obtaining or fulfilling a customer contract and expect to recover them. The controller should record an asset and amortize it over the customer relationship. This answer is weak because it gives a conclusion without source category, contract facts, reporting period, policy election, materiality, or professional-review caveat.

Using the bundle

Source note: This draft needs current FASB Codification/ASU inspection and company-specific contract evidence. No ASC paragraph text, reporting period, materiality threshold, or policy excerpt was provided. Short answer: I would not give the controller a final capitalization conclusion yet. The supportable answer is a research plan and preliminary issue framing: determine whether the upfront implementation cost is within the relevant U.S. GAAP guidance for contract costs or another topic, then test the exact facts against current source text and company policy. User-provided facts: SaaS company; upfront implementation cost; new customer contract.

Why this is better: The bundle-assisted output is better because it refuses to invent an ASC conclusion, separates user facts from missing evidence, names the source category, and gives a controller-ready next step. It is less convenient than a confident answer, but safer for U.S. GAAP work.

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Who it is for

  • Practitioners using US GAAP to structure analysis, decisions, facilitation, or review
  • Teams working in cross-industry, finance, accounting

When to use it

  • A team needs to apply US GAAP to a concrete decision without skipping evidence, constraints, or stakeholder judgment.
  • An existing analysis needs its assumptions, reasoning, affected parties, and review criteria checked.

What you need to provide

  • The decision or question, available evidence, operating constraints, affected stakeholders, and desired outcome.
  • Existing analysis, definitions, assumptions, examples, and review criteria that the framework must reconcile.

Tasks and expected outputs

Questions it helps answer

  • Structure source-backed U.S. GAAP research questions.
  • Draft accounting research memos that separate verified source facts, user-provided facts, assumptions, and open verification items.
  • Review GAAP versus non-GAAP reconciliation questions without treating either number as automatically correct.
  • Prevent invented ASC citations, effective dates, disclosure requirements, and entity-specific accounting conclusions.

What it helps produce

  • Accounting research memo

Practical example

Use it with an agent

Load the bundle as context, provide the evidence named above, then adapt this example to your situation.

Provide the decision or question, available evidence, operating constraints, affected stakeholders, and desired outcome. Ask the agent to apply US GAAP and produce Accounting research memo that shows how evidence maps to the framework, where judgment is required, and what remains unresolved. Begin with FASB Standards, then confirm that the reference is current and applicable. Inspect US GAAP source-backed Research Framework before drafting.

Context path: bundles/frameworks/us-gaap

What the bundle includes

Tools

  • FASB Accounting Standards Codification
  • FASB Accounting Standards Updates
  • SEC EDGAR

Frameworks

  • US GAAP
  • FASB Accounting Standards Codification

Evaluations

  • GAAP source awareness check

Sources used to build this bundle

These are the public references behind the role definition and operating guidance. The bundle does not replace current documentation or evidence from your site.

Limitations and safe use

Do not use this for

  • Applying the framework mechanically when the decision requires missing evidence, stakeholder judgment, or qualified review.

Known limitations

  • Not professional accounting, audit, tax, legal, securities, valuation, or investment advice.
  • Does not reproduce FASB Codification text or replace inspection of current authoritative sources.
  • Requires user-provided transaction facts, reporting period, entity status, policy elections, and source excerpts before final conclusions.
  • Governmental accounting standards issued by GASB are out of scope.

Safety notes

  • Require qualified professional review before filing, audit support, board approval, lender delivery, investor communication, regulator response, or accounting-policy adoption.
  • Do not claim access to Codification, EDGAR filings, contracts, workpapers, accounting systems, or auditor files unless the user provides evidence or authorized tool access.

Next step

Inspect it before relying on it

Download the bundle for use, review its source files and evidence, or read the agent guidance. If the project is useful, starring the repository helps others discover it.