gaap-standards

gaap-standards is a skill for Claude Code from brainbytes-dev/everything-claude-finance. It costs 0 tokens per session (2,534 once invoked), scanned A, original, MIT.

A reference for US GAAP, the accounting rules used by companies reporting in the United States. It covers rules for revenue, leases, goodwill, business combinations, and income taxes.

In plain words
What is it for?
Applying ASC 606 to revenue, ASC 842 to leases, ASC 350 to goodwill and intangible assets, ASC 805 to acquisitions, and ASC 740 to income taxes.
Why use it?
It helps clarify which accounting treatment applies to common business transactions and how US GAAP differs from IFRS, the international accounting framework.

Skill for Claude Code

Written for Claude Code: shipped in a Claude Code plugin.

Part of the everything-claude-finance plugin — 13 skills, 22 commands, 20 agents shipped together

Good fit Applying ASC 606 to revenue, ASC 842 to leases, ASC 350 to goodwill and intangible assets, ASC 805 to acquisitions, and ASC 740 to income taxes.

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Install with agentmods
npx agentmods add skills/brainbytes-dev/everything-claude-finance/gaap-standards
Install

Getting it into your agent

One page per mod, every tool's command on it. A separate URL per tool would split the same page into five that compete with each other.

Any agent
npx skills add brainbytes-dev/everything-claude-finance --skill gaap-standards
Clone the repo
git clone --depth 1 https://github.com/brainbytes-dev/everything-claude-finance

Made for: Claude Code.

Or install everything-claude-finance, the plugin that ships this one along with the rest of its 13 skills, 22 commands, 20 agents.

Wrote this? Show the measurements

A badge with what this costs and how it scanned, read live from this page, so it follows the numbers instead of freezing them. Markdown for a README, HTML for a documentation site or a project page.

agentmods badge for gaap-standards

README.md
[![agentmods](https://agentmods.dev/badge/skills/brainbytes-dev/everything-claude-finance/gaap-standards.svg)](https://agentmods.dev/skills/brainbytes-dev/everything-claude-finance/gaap-standards)
Your own site
<a href="https://agentmods.dev/skills/brainbytes-dev/everything-claude-finance/gaap-standards"><img src="https://agentmods.dev/badge/skills/brainbytes-dev/everything-claude-finance/gaap-standards.svg" alt="Measured on agentmods" height="20"></a>
Per session 0 Skills are progressive disclosure: only the name and description are preloaded; the body loads when the skill is used.
When invoked 2,534 The whole file, excluding the scripts and references it only reads on demand.
Security scan A 0 findings. A grade says what 26 rules found in the file — not that it is safe.
Origin original No closer match found in the catalogue.
Token cost

What it costs to keep this loaded

Counted locally with the o200k_base tokenizer, which is exact for GPT models; Claude uses its own tokenizer and its counts differ. Treat this as one consistent yardstick across the catalogue rather than a bill. Prices are per million input tokens.

ModelPer sessionOnce invoked
Fable 5.1 $0.00000 $0.02534
Opus 5 $0.00000 $0.01267
Sonnet 5 $0.00000 $0.00507
Haiku 4.5 $0.00000 $0.00253

Measured 7d ago against content hash da01e42db5cb, method: parsed. Prices are Anthropic first-party input rates as of 2026-09-07, from the pricing page.

Security

Grade A, and why

gaap-standards scanned grade A with 0 findings against 26 rules in 11 categories — prompt injection, anti-refusal, data exfiltration, privilege escalation, supply chain, agent snooping, system-prompt leakage, SSRF and excessive agency — measured 7d ago.

A static scan of the body, not an audit. Every finding is printed with the line that produced it so you can judge whether it matters here. A mod is markdown that instructs an agent; that is exactly why what it instructs is worth reading.

Nothing flagged

None of the 26 patterns this scan looks for appear in this file: no shell pipes, no recursive deletes, no credential paths, no hidden text, no instruction-override or anti-refusal phrasing, no agent-config snooping. That is not a guarantee, it is the absence of the things that are checkable.

skills/accounting/gaap-standards/SKILL.md · 237 lines

How it starts

The opening of the file, as written. The whole thing — 237 lines — stays where its author put it; the contents beside it link to each section on GitHub.

US GAAP Standards

name: gaap-standards description: Key US GAAP standards — ASC 606, 842, 350, 805

When to Activate

  • User asks about US GAAP accounting treatment for revenue, leases, goodwill, or business combinations
  • Applying ASC 606 revenue recognition
  • Accounting for leases under ASC 842
  • Goodwill and intangible asset impairment testing under ASC 350
  • Purchase price allocation under ASC 805
  • Income tax accounting under ASC 740
  • Comparing IFRS vs US GAAP treatment

Core Concepts

ASC 606 — Revenue from Contracts with Customers

ASC 606 mirrors IFRS 15 with the same five-step model. Key differences from IFRS 15 are narrow but important.

Five-step model (same as IFRS 15):

  1. Identify the contract
  2. Identify performance obligations
  3. Determine the transaction price
  4. Allocate the transaction price to POs
  5. Recognize revenue as POs are satisfied

Key US GAAP-specific guidance:

  • Licensing: ASC 606 provides specific guidance for IP licenses — functional IP (recognized at a point in time) vs symbolic IP (recognized over time)
  • Contract costs: ASC 340-40 requires capitalizing incremental costs of obtaining a contract (e.g., sales commissions) and amortizing over the benefit period
  • Disclosure: Extensive disaggregation requirements (by geography, timing, type)

Practical expedients:

  • Portfolio approach: apply to a portfolio of contracts with similar characteristics
  • Significant financing component: ignore if payment expected within 1 year
  • Shipping and handling: may treat as fulfillment activity (not separate PO)
  • Completed contracts: no need to restate contracts completed before adoption

ASC 842 — Leases

Unlike IFRS 16, ASC 842 retains a dual classification model for lessees.

Classification test (any ONE triggers finance lease):

  1. Transfer of ownership at end of lease
  2. Purchase option reasonably certain to be exercised
  3. Lease term is major part (≥ 75% rule of thumb) of asset's economic life
  4. PV of lease payments is substantially all (≥ 90% rule of thumb) of fair value
  5. Asset is specialized with no alternative use to lessor

Read the full file on GitHub · 237 lines

Changes

What this file has done since we first saw it

Hashed on every crawl. A supply-chain change to an agent config is a question of when, not whether, so the history is kept rather than the latest state alone.

  1. 7d ago First seen · 237 lines · 0 tokens per session scan A da01e42db5cb

Subscribe to this mod's changes

gaap-standards is a skill published in the GitHub repository brainbytes-dev/everything-claude-finance (5 stars, last pushed 5mo ago), licensed MIT. It costs nothing until one of its globs matches a file; then it loads 2,534 tokens. A static security scan graded it A with 0 findings. No closer match exists in the catalogue, so it is treated as the original; first seen 2026-08-31.

Related

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