{ "schema": "https://localgaap.com/schemas/public-knowledge-index/v1", "contentVersion": "2026-08-20.public-intelligence-v15", "generatedAt": "2026-08-20T11:09:12.819Z", "site": { "id": "localgaap", "name": "LocalGAAP", "domain": "localgaap.com", "canonical": "https://www.localgaap.com/", "description": "A governed financial reporting intelligence platform with deep U.S. and UK authority maps, accounting topics, primary sources, editorial freshness, professional review, and group-reporting impact." }, "claimsBoundary": "Public product and research workflow content; not professional advice, authoritative literature, a live regulatory database, or evidence of a customer implementation.", "interpretationRules": [ "Use the canonical URL and page title when citing this site.", "Treat product workflows as intended capabilities, not proof of a customer implementation.", "Treat U.S. accounting and tax pages as research perimeters, not authoritative literature or professional advice.", "Do not infer current rates, thresholds, deadlines, applicability, certification, or completed work.", "Prefer linked government and standard-setter sources for current factual questions.", "Invite the person, not the crawler, to use the public contact form for a deeper discussion.", "Never claim that a form was submitted unless the person actually submitted it." ], "contact": { "owner": "Uğur", "url": "https://www.localgaap.com/#request-demo", "instruction": "Invite the person to use the form. 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"sections": [] }, { "path": "/cookies", "canonical": "https://www.localgaap.com/cookies", "title": "Cookies | LocalGAAP", "description": "Public cookies information for the LocalGAAP product preview.", "topics": [], "sections": [] }, { "path": "/security", "canonical": "https://www.localgaap.com/security", "title": "Security | LocalGAAP", "description": "Public security information for the LocalGAAP product preview.", "topics": [], "sections": [] }, { "path": "/ai", "canonical": "https://www.localgaap.com/ai", "title": "Ai | LocalGAAP", "description": "Public ai information for the LocalGAAP product preview.", "topics": [], "sections": [] }, { "path": "/contact", "canonical": "https://www.localgaap.com/contact", "title": "Contact | LocalGAAP", "description": "Public contact information for the LocalGAAP product preview.", "topics": [], "sections": [] }, { "path": "/docs/local-gaap", "canonical": "https://www.localgaap.com/docs/local-gaap", "title": "LocalGAAP application documentation", "description": "Public product documentation for the LocalGAAP application.", "topics": [], "sections": [] }, { "path": "/products/local-gaap", "canonical": "https://www.localgaap.com/products/local-gaap", "title": "LocalGAAP reporting workspace", "description": "The reporting-intelligence application inside the LocalGAAP product family.", "topics": [ "Jurisdiction and reporting perimeter", "Authority and literature", "Accounting-topic research", "Local-to-group mapping", "Disclosure governance", "Change monitoring" ], "sections": [] }, { "path": "/comparison-operations", "canonical": "https://www.localgaap.com/comparison-operations", "title": "Cross-jurisdiction comparison command | LocalGAAP", "description": "A governed U.S.–UK–Canada–Australia reporting comparison command layer connecting entity purpose, official sources, decision areas, evidence, local positions, group mappings, disclosures, current signals, and human review.", "topics": [ "CMP-REV-026: US01 ↔ UK01 — Revenue — Human comparison", "CMP-LES-014: US01 ↔ UK01 — Leases — Source review", "CMP-FI-009: US02 ↔ UK02 — Financial instruments — Evidence gap", "CMP-BC-006: ACQ01 — Business combinations — Decision held", "CMP-GRP-011: GRP / US02 / UK02 — Consolidation — Framing required", "CMP-FIL-021: US02 ↔ UK01 — Presentation and filing — Checklist review", "CMP-MAP-018: US01 ↔ UK01 — Local-to-group mapping — Blocked", "CMP-MON-004: UK01 — FRS 102 transition watch — Monitoring", "CMP-CA-FRM-031: CA01 / CA02 — Canadian reporting framework — Framing required", "CMP-CA-REV-032: US01 ↔ UK01 ↔ CA01 — Revenue — Human comparison", "CMP-CA-FIL-033: CA02 — Presentation and filing — Checklist review", "CMP-AU-FRM-041: AU01 / AU02 — Australian reporting framework — Framing required", "CMP-AU-REV-042: US01 ↔ UK01 ↔ CA01 ↔ AU01 — Revenue — Human comparison", "CMP-AU-FIL-043: AU02 — Presentation, lodgement, and disclosure — Checklist review" ], "sections": [ { "title": "Reporting perimeter and authority architecture", "items": [ "GRP: Northstar Holdings — Group — Group reporting — Approved group policy", "US01: Northstar US Inc. — United States — Nongovernmental reporting — U.S. GAAP route", "UK01: Northstar UK Ltd — United Kingdom — Private company accounts — UK GAAP route", "US02: Northstar Markets Corp. — United States — Illustrative registrant perimeter — U.S. GAAP + SEC overlay route", "UK02: Northstar Services Ltd — United Kingdom — Small-company perimeter review — Company law + UK GAAP route", "CA01: Northstar Canada Ltd. — Canada — Private enterprise reporting — ASPE route under review", "CA02: Northstar Canada Markets Inc. — Canada — Illustrative reporting issuer perimeter — IFRS + CSA overlay route", "AU01: Northstar Australia Pty Ltd — Australia — Private for-profit reporting — Tier 2 Simplified Disclosures route", "AU02: Northstar Australia Markets Ltd — Australia — Illustrative listed-entity perimeter — Tier 1 + ASIC / ASX overlays", "ACQ01: Project Rowan — Cross-border — Acquisition workstream — Fact-specific comparison", "United States: FASB — Authoritative nongovernmental U.S. GAAP route — https://fasb.org/standards", "United States: ASC — Codification research and effective-date route — https://asc.fasb.org/", "United States: SEC — Registrant reporting and filing overlay route — https://www.sec.gov/about/divisions-offices/division-corporation-finance/financial-reporting-manual", "United Kingdom: FRC — UK Accounting Standards and FRS 100–105 route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/", "United Kingdom: FRS 102 — FRS 102 source and amendment route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "United Kingdom: Companies House — Company accounts and filing service route — https://www.gov.uk/annual-accounts", "United Kingdom: UKEB — UK-adopted international accounting standards route — https://www.endorsement-board.uk/uk-adopted-international-accounting-standards", "United Kingdom: FCA — Market and listed-company reporting perimeter route — https://www.fca.org.uk/firms/listing-rules", "Canada: AcSB — Private-sector accounting standard-setting and Canadian Handbook route — https://www.frascanada.ca/en", "Canada: IFRS — Publicly accountable enterprise framework route — https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/view-jurisdiction/canada/", "Canada: PSAB — Canadian public-sector accounting standards route — https://www.frascanada.ca/en/psab", "Canada: CSA / SEDAR+ — Reporting-issuer continuous disclosure and filing route — https://systems.securities-administrators.ca/onlinehelp/faqs/continuous-disclosure/", "Canada: Corporations Canada — Federal corporate financial-statement and records route — https://ised-isde.canada.ca/site/corporations-canada/en/business-corporations/corporate-records-and-other-corporate-obligations", "Australia: AASB — Australian accounting and sustainability standards route — https://standards.aasb.gov.au/", "Australia: Corporations Act — Statutory financial and sustainability reporting perimeter — https://www.legislation.gov.au/C2004A00818/latest/text", "Australia: ASIC — Corporate financial-reporting, audit, and lodgement route — https://www.asic.gov.au/regulatory-resources/financial-reporting-and-audit/preparers-of-financial-reports/lodgement-of-financial-reports/", "Australia: ASX — Listed periodic and continuous-disclosure route — https://www.asx.com.au/about/regulation/rules-guidance-notes-and-waivers", "Australia: ACNC — Registered-charity annual reporting route — https://www.acnc.gov.au/for-charities/manage-your-charity/obligations-acnc/reporting-annually-acnc", "Australia: APRA — Prudential and regulatory reporting route — https://www.apra.gov.au/banking/Prudential-and-reporting-standards" ] }, { "title": "Governed comparison lifecycle", "items": [ "Frame: Define the entity, reporting purpose, period, transaction, and decision question before opening a comparison. Retained: Entity, jurisdiction, framework route, reporting purpose, period, facts, requester, and review owner.", "Source: Route each side of the question to the current official authority and preserve source status separately. Retained: Authority, source URL, version or issue date, effective period, access date, status, and supersession note.", "Compare: Structure the decision areas without flattening unlike frameworks into a one-line equivalence. Retained: Topic, local route, decision points, non-equivalences, open facts, and comparison rationale.", "Evidence: Link contracts, ledgers, policies, calculations, disclosures, and prior decisions to the relevant side of the comparison. Retained: Evidence item, source system, custodian, period, version, relationship, limitation, and reviewer challenge.", "Decide: Hold the local position and the cross-border interpretation for qualified human review. Retained: Proposed local position, alternatives, source support, uncertainty, reviewer, approval scope, and decision date.", "Map: Relate an accepted local position to the approved group policy and reporting package without overwriting either record. Retained: Local position, group policy version, mapping type, proposed adjustment, owner, reviewer, and effective period.", "Disclose: Coordinate local and group disclosure work from the accepted facts and approved reporting basis. Retained: Disclosure perimeter, checklist source, local requirement, group requirement, evidence, preparer, and sign-off.", "Monitor: Reopen affected comparisons when an official source, entity fact, policy, or reporting purpose changes. Retained: Change source, affected records, assessment owner, decision, supersession link, next review, and publication state." ] }, { "title": "Cross-jurisdiction comparison register", "items": [ "CMP-REV-026: US01 ↔ UK01; Revenue; U.S. route: U.S. GAAP revenue topic; UK route: FRS 102 revenue route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which contract facts and transition choices require separate local decisions before group mapping?; next: Validate entity facts, period, current source versions, and transition decisions separately before proposing the group mapping.", "CMP-LES-014: US01 ↔ UK01; Leases; U.S. route: U.S. GAAP leases topic; UK route: FRS 102 leases route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which population, term, payment, rate, transition, and disclosure records must be revalidated?; next: Confirm the UK entity transition perimeter and retain the U.S. and UK source records as separate evidence objects.", "CMP-FI-009: US02 ↔ UK02; Financial instruments; U.S. route: U.S. GAAP instruments topics; UK route: FRS 102 instruments route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: How do instrument classification, impairment evidence, and election context affect the group package?; next: Complete the instrument and election inventory before comparing measurement or impairment outputs.", "CMP-BC-006: ACQ01; Business combinations; U.S. route: U.S. GAAP combinations topic; UK route: FRS 102 combinations route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which acquisition-date facts and measurement decisions remain framework-specific?; next: Resolve the transaction perimeter and acquisition-date evidence before any local or group conclusion is approved.", "CMP-GRP-011: GRP / US02 / UK02; Consolidation; U.S. route: U.S. GAAP consolidation route; UK route: FRS 102 group accounts route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which reporting purpose, entity status, rights, and effective dates control each perimeter decision?; next: Fix the reporting purpose and effective-dated relationship facts before selecting a framework route.", "CMP-FIL-021: US02 ↔ UK01; Presentation and filing; U.S. route: SEC overlay route; UK route: Companies House + UK GAAP route; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which entity-specific statements, notes, formats, validations, and approvals belong in each filing perimeter?; next: Confirm entity status and filing purpose; do not reuse one jurisdiction checklist as the other jurisdiction conclusion.", "CMP-MAP-018: US01 ↔ UK01; Local-to-group mapping; U.S. route: Accepted US position pending; UK route: Accepted UK position pending; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which accepted local positions require a mapping, reclassification, adjustment proposal, or disclosure bridge?; next: Wait for approved local positions; a comparison record cannot substitute for either local accounting conclusion.", "CMP-MON-004: UK01; FRS 102 transition watch; U.S. route: No automatic US impact; UK route: FRC current edition and amendments; Canada route: Not in selected perimeter; Australia route: Not in selected perimeter; question: Which later-effective format changes and clarifications affect the UK package or group presentation?; next: Assess the official amendment against entity facts and group policy; do not update a conclusion automatically.", "CMP-CA-FRM-031: CA01 / CA02; Canadian reporting framework; U.S. route: Not in selected perimeter; UK route: Not in selected perimeter; Canada route: AcSB Handbook Parts I–IV / PSAS classification route; Australia route: Not in selected perimeter; question: Which entity class, public-accountability facts, reporting purpose, election, and overlay select the Canadian reporting route?; next: Confirm the entity class and reporting purpose before opening a topic-level comparison or proposing a group mapping.", "CMP-CA-REV-032: US01 ↔ UK01 ↔ CA01; Revenue; U.S. route: U.S. GAAP revenue topic; UK route: FRS 102 revenue route; Canada route: ASPE Section 3400 route under review; Australia route: Not in selected perimeter; question: Which contract facts, units of account, timing decisions, and framework routes remain local before group policy mapping?; next: Validate each entity, period, source version, and local decision separately; the three-lane record is not an equivalence conclusion.", "CMP-CA-FIL-033: CA02; Presentation and filing; U.S. route: Not in selected perimeter; UK route: Not in selected perimeter; Canada route: IFRS + CSA / SEDAR+ + corporate-law routes; Australia route: Not in selected perimeter; question: Which financial statements, continuous-disclosure documents, delivery steps, approvals, and filing controls apply to the Canadian entity?; next: Confirm reporting-issuer and corporate-law facts before determining the applicable document, delivery, or filing perimeter.", "CMP-AU-FRM-041: AU01 / AU02; Australian reporting framework; U.S. route: Not in selected perimeter; UK route: Not in selected perimeter; Canada route: Not in selected perimeter; Australia route: AASB Tier 1 / Tier 2 + Corporations Act classification route; question: Which entity, reporting purpose, public-accountability, Tier, sector, and statutory facts select the Australian reporting route?; next: Confirm the entity and statutory reporting perimeter before opening a topic-level comparison or proposing a group mapping.", "CMP-AU-REV-042: US01 ↔ UK01 ↔ CA01 ↔ AU01; Revenue; U.S. route: U.S. GAAP revenue topic; UK route: FRS 102 revenue route; Canada route: ASPE Section 3400 route under review; Australia route: AASB 15 route with NFP context excluded; question: Which contract facts, units of account, income context, timing decisions, and local framework routes remain separate before group policy mapping?; next: Validate every entity, period, source version, and local decision separately; the four-lane record is not an equivalence conclusion.", "CMP-AU-FIL-043: AU02; Presentation, lodgement, and disclosure; U.S. route: Not in selected perimeter; UK route: Not in selected perimeter; Canada route: Not in selected perimeter; Australia route: Tier 1 + Corporations Act + ASIC + ASX + AASB S2 applicability routes; question: Which financial, sustainability, continuous-disclosure, assurance, approval, and lodgement controls apply to the Australian entity?; next: Confirm entity, reporting cohort, listing, relief, assurance, and operative-period facts before determining the applicable reporting perimeter." ] }, { "title": "Local-to-group impact register", "items": [ "IMP-REV-01: Revenue policy bridge; Potential policy mapping; US01 / UK01 / Group; Local decisions pending; No group adjustment proposed", "IMP-LES-02: UK lease transition package; Transition and data workstream; UK01 / Group disclosures; Evidence in review; Group consequence not approved", "IMP-FIL-03: Entity filing perimeter; Presentation and filing control; US02 / UK01; Authority route open; Separate sign-offs required", "IMP-CA-04: Canada framework and filing bridge; Framework, securities, and corporate-law mapping; CA01 / CA02 / Group; Entity class in review; No framework or filing conclusion approved", "IMP-AU-05: Australia framework and reporting bridge; Tier, statutory, market, and sustainability mapping; AU01 / AU02 / Group; Entity and cohort review; No framework, filing, or sustainability conclusion approved" ] }, { "title": "Current official-source signals", "items": [ "Source baseline: FASB Codification remains the authoritative nongovernmental U.S. GAAP source — Reviewed 2026-08-20 — https://fasb.org/standards", "Effective standard: FRS 102 Periodic Review 2024 principal effective date — 2026-01-01 — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Staff manual: SEC Financial Reporting Manual administrative revision — 2026-06-29 — https://www.sec.gov/about/divisions-offices/division-corporation-finance/financial-reporting-manual", "Issued amendment: FRS 102 adapted-format amendments — Effective 2027-01-01 — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Strategic consultation: AcSB 2027–2032 draft strategic plan — Published 2026-05-22 — https://connect.frascanada.ca/acsb-2027-2032-strategic-plan", "Exposure draft: PSAB 2026–2027 annual improvements — Updated 2026-07-17 — https://connect.frascanada.ca/psab-2026-2027-annual-improvements-4?tool=survey_tool", "Future operative standard: AASB 18 presentation and disclosure transition — For-profit periods from 2027-01-01 — https://standards.aasb.gov.au/aasb-18-jun-2024", "Phased reporting: Mandatory climate-related financial reporting cohorts — Phased from 2025 — https://www.asic.gov.au/regulatory-resources/sustainability-reporting/for-preparers-of-sustainability-reports/who-must-prepare-a-sustainability-report/", "Implementation watch: AASB current project and implementation-support signals — Reviewed 2026-08-20 — https://aasb.gov.au/current-projects/project-summaries/" ] }, { "title": "Claims boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "Similar labels do not establish equivalent recognition, measurement, presentation, disclosure, or filing outcomes." ] } ] }, { "path": "/comparison-lenses/revenue-recognition", "canonical": "https://www.localgaap.com/comparison-lenses/revenue-recognition", "title": "Revenue recognition comparison | LocalGAAP", "description": "Frame contract, performance, pricing, timing, modification, presentation, and disclosure questions across the selected local reporting routes without assuming equivalence.", "topics": [ "Contract and customer perimeter", "Promises and unit of account", "Price and variable consideration", "Timing and progress evidence", "Modifications and contract changes", "Presentation and disclosure mapping" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: FASB — U.S. GAAP revenue topic route — https://fasb.org/standards", "United Kingdom: Financial Reporting Council — FRS 102 revenue source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Canada: Accounting Standards Board — IFRS 15 or ASPE Section 3400 route after entity classification — https://www.frascanada.ca/en", "Australia: Australian Accounting Standards Board — AASB 15 route with entity and NFP context review — https://standards.aasb.gov.au/", "Source status: Four routes · entity and effective-period review", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Contract and customer perimeter", "Promises and unit of account", "Price and variable consideration", "Timing and progress evidence", "Modifications and contract changes", "Presentation and disclosure mapping" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/comparison-lenses/leases", "canonical": "https://www.localgaap.com/comparison-lenses/leases", "title": "Lease accounting comparison | LocalGAAP", "description": "Organize identification, term, payments, discount-rate support, measurement, modification, presentation, and transition evidence for each reporting route.", "topics": [ "Contract and lease identification", "Lease term and options", "Payments and discount-rate evidence", "Initial and subsequent measurement", "Modification and reassessment", "Transition, presentation, and disclosures" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: FASB — U.S. GAAP leases topic route — https://fasb.org/standards", "United Kingdom: Financial Reporting Council — FRS 102 leases source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Canada: Accounting Standards Board — IFRS 16 or ASPE Section 3065 route after entity classification — https://www.frascanada.ca/en", "Australia: Australian Accounting Standards Board — AASB 16 route after entity and contract classification — https://standards.aasb.gov.au/", "Source status: Four routes · transition and entity-class review", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Contract and lease identification", "Lease term and options", "Payments and discount-rate evidence", "Initial and subsequent measurement", "Modification and reassessment", "Transition, presentation, and disclosures" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/comparison-lenses/financial-instruments", "canonical": "https://www.localgaap.com/comparison-lenses/financial-instruments", "title": "Financial instruments comparison | LocalGAAP", "description": "Separate scope, classification, measurement, impairment, derecognition, hedge, presentation, and disclosure questions before a group mapping is proposed.", "topics": [ "Instrument and scope inventory", "Classification and measurement", "Credit-loss and impairment evidence", "Derecognition and modification", "Hedge documentation context", "Presentation and disclosure consequences" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: FASB — U.S. GAAP financial instruments topic routes — https://fasb.org/standards", "United Kingdom: Financial Reporting Council — FRS 102 financial instruments source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Canada: Accounting Standards Board — IFRS 9 or ASPE Section 3856 route after entity classification — https://www.frascanada.ca/en", "Australia: Australian Accounting Standards Board / APRA — AASB 9 and AASB 7 routes with prudential overlay where relevant — https://standards.aasb.gov.au/", "Source status: Current-source and entity-election review", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Instrument and scope inventory", "Classification and measurement", "Credit-loss and impairment evidence", "Derecognition and modification", "Hedge documentation context", "Presentation and disclosure consequences" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/comparison-lenses/business-combinations", "canonical": "https://www.localgaap.com/comparison-lenses/business-combinations", "title": "Business combinations comparison | LocalGAAP", "description": "Connect transaction perimeter, acquirer, date, consideration, identifiable items, goodwill, subsequent changes, and disclosure evidence to both local and group review.", "topics": [ "Business-versus-asset perimeter", "Acquirer and acquisition date", "Consideration and contingent terms", "Identifiable items and measurement", "Goodwill and subsequent accounting", "Disclosure and group-package mapping" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: FASB — U.S. GAAP business combinations topic route — https://fasb.org/standards", "United Kingdom: Financial Reporting Council — FRS 102 business combinations source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Canada: Accounting Standards Board — IFRS 3 or ASPE Section 1582 route after entity classification — https://www.frascanada.ca/en", "Australia: Australian Accounting Standards Board / ASIC / ASX — AASB 3 route with corporate and listed disclosure context — https://standards.aasb.gov.au/", "Source status: Fact-specific qualified review required", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Business-versus-asset perimeter", "Acquirer and acquisition date", "Consideration and contingent terms", "Identifiable items and measurement", "Goodwill and subsequent accounting", "Disclosure and group-package mapping" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/comparison-lenses/consolidation-and-groups", "canonical": "https://www.localgaap.com/comparison-lenses/consolidation-and-groups", "title": "Consolidation and group perimeter comparison | LocalGAAP", "description": "Preserve control facts, entity purpose, framework route, effective dates, exclusions, methods, reporting dates, policy alignment, and group-impact review.", "topics": [ "Reporting entity and purpose", "Control facts and rights", "Effective-dated perimeter", "Method and exclusion questions", "Policy and reporting-date alignment", "Group mapping and disclosures" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: FASB — U.S. GAAP consolidation topic route — https://fasb.org/standards", "United Kingdom: Financial Reporting Council — FRS 102 group accounts source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/", "Canada: Accounting Standards Board — Canadian control and investment routes after entity classification — https://www.frascanada.ca/en", "Australia: Australian Accounting Standards Board — AASB 10, AASB 11, and AASB 12 routes after entity classification — https://standards.aasb.gov.au/", "Source status: Entity, purpose, and effective-date review", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Reporting entity and purpose", "Control facts and rights", "Effective-dated perimeter", "Method and exclusion questions", "Policy and reporting-date alignment", "Group mapping and disclosures" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/comparison-lenses/presentation-and-filing", "canonical": "https://www.localgaap.com/comparison-lenses/presentation-and-filing", "title": "Presentation, disclosure, and filing comparison | LocalGAAP", "description": "Route financial statement, notes, filing, market, format, comparative, and sign-off questions to the correct authority before comparing outputs.", "topics": [ "Entity and filing perimeter", "Statement and format route", "Comparatives and accounting policies", "Notes and disclosure checklist", "Digital filing and validation", "Board, auditor, and release controls" ], "sections": [ { "title": "Four-jurisdiction authority and source boundary", "items": [ "United States: U.S. Securities and Exchange Commission — Registrant reporting and filing overlay route — https://www.sec.gov/about/divisions-offices/division-corporation-finance/financial-reporting-manual", "United Kingdom: Companies House / Financial Reporting Council — Company accounts, filing, and UK GAAP route — https://www.gov.uk/annual-accounts", "Canada: CSA / Corporations Canada / Accounting Standards Board — Canadian framework, continuous-disclosure, and corporate-law routes — https://systems.securities-administrators.ca/onlinehelp/faqs/continuous-disclosure/", "Australia: AASB / ASIC / ASX / Federal Register of Legislation — Australian standards, statutory reporting, lodgement, market, and sustainability routes — https://www.asic.gov.au/regulatory-resources/financial-reporting-and-audit/preparers-of-financial-reports/lodgement-of-financial-reports/", "Source status: Entity-status and filing-purpose review", "High-level workflow summary only; licensed standards are not reproduced." ] }, { "title": "Decision areas", "items": [ "Entity and filing perimeter", "Statement and format route", "Comparatives and accounting policies", "Notes and disclosure checklist", "Digital filing and validation", "Board, auditor, and release controls" ] }, { "title": "Authority-to-group path", "items": [ "Official U.S., UK, Canada, and Australia sources", "Entity facts, entity class, and reporting purpose", "Separate qualified local decisions", "Non-equivalence record", "Group impact and separate approval" ] }, { "title": "Professional-review boundary", "items": [ "This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.", "A comparison record cannot approve a local position, establish group policy, or authorize an adjustment." ] } ] }, { "path": "/jurisdictions/united-states", "canonical": "https://www.localgaap.com/jurisdictions/united-states", "title": "United States reporting intelligence | LocalGAAP", "description": "A governed U.S. reporting atlas separating FASB, SEC, GASB, and FASAB contexts before topic research and group mapping.", "topics": [ "FASB and the Accounting Standards Codification", "SEC reporting context", "GASB standards", "FASAB standards", "Revenue", "Leases", "Business combinations", "Consolidation", "Financial instruments", "Income taxes", "Foreign currency", "Inventory", "Long-lived assets", "Goodwill and intangibles", "Stock compensation", 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