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GAAP-Implementation-Toolkit

(★ 101)

Track how U.S. public companies implement complex accounting standards, using SEC EDGAR public data. 11 GAAP areas, enforcement actions, and federal grants.

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- config.toml
- __init__.py
- cache.py
- efts.py
- pipeline.py
- xbrl.py
- 1_topic832.py
- 2_asc815.py
- 3_restatements.py
- 4_about.py
- - asc-326.json
  - asc-606.json
  - asc-718.json
  - asc-740.json
  - asc-810.json
  - asc-815.json
  - asc-820.json
  - asc-842.json
  - company-tickers.json
  - enforcement.json
  - federal-grants.json
  - restatements.json
  - sic-codes.json
  - summary.json
  - topic-832.json
- refresh-data.ts
- - globals.css
  - layout.tsx
  - page.tsx
- - data-table.tsx
  - metric-card.tsx
  - nav.tsx
  - section-intro.tsx
- __init__.py
- test_pipeline.py
.gitignore
app.py
CONTRIBUTING.md
gaap-tracker-overview.html
LICENSE
next-env.d.ts
next.config.mjs
package.json
postcss.config.js
README.md
requirements.txt
tailwind.config.ts
tsconfig.json

# Installation Guide

1. Get the code

git clone https://github.com/zgu-usgaap-fr/GAAP-Implementation-Toolkit

Downloads the entire project code from GitHub to your computer.

cd GAAP-Implementation-Toolkit

Moves into the project folder you just downloaded.

2. Node.js

Easy Recommended

Prerequisites

Git Needed to download the project code from GitHub.
Node.js Node.js must be installed to use npm. The LTS version is recommended.

npm install

Downloads and installs the libraries listed in package.json.

npm run dev

Starts the development/run server.

✅ After running the command, open the address shown in the terminal (usually something like http://localhost:3000) in your browser.

Pulled directly from this repo's README.

3. Python

Easy

Prerequisites

Git Needed to download the project code from GitHub.
Python 3 On Windows, be sure to check 'Add Python to PATH' during installation.

pip install -r requirements.txt

Installs the Python libraries listed in requirements.txt (or similar).

✅ If it runs without errors and prints output in the terminal, it worked.

Pulled directly from this repo's README.

// repository documentation

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# GAAP Implementation Tracker

Track how U.S. public companies implement complex accounting standards, using SEC EDGAR public data.

**[Live dashboard →](https://gaap-tracker.vercel.app)**

## The problem

FASB issues accounting standards. Those standards work for routine transactions. But when a deal combines derivatives with leases, or when a consolidation question involves shared control, the standard does not give a clear answer. Every practitioner develops their own interpretation. The result: companies with identical economics end up with different financial statements.

This dashboard tracks those differences.

## What it tracks

11 areas of U.S. GAAP, plus enforcement actions and federal grants:

| Area | Description |
|------|-------------|
| **Topic 832** | Government grant accounting under the CHIPS Act, IRA, and infrastructure programs |
| **ASC 815** | Derivatives classification, hedge accounting, and effectiveness testing |
| **ASC 820** | Fair value hierarchy (Level 1/2/3) and unobservable input disclosures |
| **ASC 810** | Variable interest entity analysis and consolidation decisions |
| **ASC 842** | Operating vs. finance lease classification and right-of-use assets |
| **ASC 606** | Five-step revenue model, performance obligations, and contract modifications |
| **ASC 326** | CECL methodology and lifetime credit loss estimation |
| **ASC 718** | Stock option valuation, RSU accounting, and compensation expense |
| **ASC 740** | Deferred tax positions, valuation allowances, and uncertain tax positions |
| **ASC 350** | Goodwill impairment testing and reporting unit determination |
| **Restatements** | Amended filings disclosing corrections to previously issued financials |

Plus: **SEC enforcement actions** and **federal grants** (CHIPS Act, IRA, IIJA) tracked via USAspending.gov.

## How it works

1. **Search SEC filings** — EDGAR Full-Text Search API finds 10-K and 10-Q filings referencing specific standards
2. **Extract patterns** — Footnote disclosures are classified by recognition method, measurement technique, and presentation format
3. **Track differences** — Cross-company and cross-industry comparisons surface where identical economic transactions produce different accounting treatments

## Tech stack

- **Frontend**: Next.js 14, React 18, TypeScript
- **Styling**: Tailwind CSS, Tremor UI
- **Charts**: Recharts, react-simple-maps (US map)
- **Data**: SEC EDGAR EFTS, XBRL Frames, USAspending.gov
- **Deployment**: Vercel

## Run locally

```bash
git clone https://github.com/zgu-usgaap-fr/GAAP-Implementation-Toolkit.git
cd GAAP-Implementation-Toolkit
npm install
npm run dev
```

Open [http://localhost:3000](http://localhost:3000).

### Legacy Streamlit app

The original prototype is still available:

```bash
pip install -r requirements.txt
streamlit run app.py
```

## Data sources

All data comes from free public APIs. No paid data sources. No API key required.

- **EFTS** — SEC EDGAR Full-Text Search across all filings
- **XBRL Frames** — Structured financial data across all filers
- **Company Facts** — Detailed XBRL data for individual companies
- **USAspending.gov** — Federal grant and award data

Data refreshes every 6 hours.

## Contributing

See [CONTRIBUTING.md](CONTRIBUTING.md).

## License

MIT