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Accounting Principles and Standards Handbook | U.S. Department of Commerce
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data-dialog-type="modal"><i alt="Thumbs down icon to indicate not helpful" class="fas fa-thumbs-down"></i> Not helpful</button> </div> <div class="block block-core block-page-title-block"> <h1 class="uswds-page-title page-title"><span property="schema:name" class="field field--name-title field--type-string field--label-hidden">Accounting Principles and Standards Handbook</span> </h1> </div> <div id="block-commerce-content" class="block block-system block-system-main-block"> <article data-history-node-id="2749" role="article" about="/ofm/publications/handbooks-and-manuals/financial-management-handbooks/accounting-principles-and" typeof="schema:WebPage"> <span property="schema:name" content="Accounting Principles and Standards Handbook" class="rdf-meta hidden"></span> <div> <div property="schema:text" class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><h3>Table of Contents:</h3> <p>Chapter 1: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="57161c5e-b1fe-45ee-a441-1f04c0beec59" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-1-introduction">Introduction</a><br /> Chapter 2: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="3c0c5014-888d-4a77-b2bd-c000efa07d65" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-2">Background</a><br /> Chapter 3: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="f6662aa4-280d-4c9f-a312-6c2a0bb528be" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-3">Legal and Regulatory Requirements</a><br /> Chapter 4: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="cbd44d79-4b31-40b9-ad72-52abd152f98f" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-4">Accrual Accounting</a><br /> Chapter 5: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="040e6ae8-838d-4579-9580-0cb43c1afbce" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-5">Financial Reporting</a><br /> Chapter 6: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="a163fd43-a4a1-49b3-ab98-efc3282853ca" href="//www.commerce.gov/ofm/files/chapter-6-accounting-handbook">Internal Controls</a><br /> Chapter 7: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="17f7e008-3d48-4ba0-83fa-14dd2e146271" href="//www.commerce.gov/ofm/files/chapter-7-accounting-handbook">Administrative Control of Funds</a><br /> Chapter 8: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="c93f269e-2e2d-4d1b-9eae-bdba2193fcf1" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-8">Assets</a><br /> Chapter 9: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="ce555374-fe54-4473-aae0-a7362eda3860" href="//www.commerce.gov/ofm/files/chapter-9-accounting-handbook">Liabilities</a><br /> Chapter 10: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="aa60c271-d4de-4f5e-80ed-a6f1a15426d6" href="//www.commerce.gov/ofm/files/chapter-10-accounting-handbook">Net Position</a><br /> Chapter 11: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="a9bc17aa-1095-40c2-8ff6-75e73aa316db" href="//www.commerce.gov/ofm/files/chapter-11-accounting-handbook">Fees and Revenues</a><br /> Chapter 12: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="fdd5ceda-3723-4a69-a4bf-a8f2142ac99d" href="//www.commerce.gov/ofm/files/chapter-12-accounting-handbook">Managerial Cost Accounting</a><br /> Chapter 13: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="ddf65402-3dd0-4d09-8103-82aa97f491a0" href="//www.commerce.gov/ofm/files/chapter-13-accounting-handbook">Grants and Subsidies</a><br /> Chapter 14: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="553fa6f2-1dc8-4c5e-a1c2-b8bf44a9395e" href="//www.commerce.gov/ofm/files/chapter-14-accounting-handbook">Payroll, Benefits, and Allowances</a><br /> Chapter 15: <a data-entity-substitution="canonical" data-entity-type="media" data-entity-uuid="dc31de21-20ee-4d30-b58e-4d84773f0066" href="//www.commerce.gov/ofm/files/accounting-handbook-chapter-15">Records Management</a><br /> Chapter 16: <a href="//www.commerce.gov/sites/default/files/ofm/Final_Chapter_16_Acctg_Hdbk_5-23-19.pdf">Gifts and Bequests</a></p> <p>Chapter 17: Leases (Coming Soon)<br /> Glossary: <a href="//www.commerce.gov/sites/default/files/ofm/Final_Glossary_Acctg_Hdbk_5-23-19.pdf">Glossary of Accounting Principles and Standards Term</a>s</p> <h3>Links to Other DOC Handbooks:</h3> <ul><li><em><a href="//www.commerce.gov/ofm/publications/handbooks-and-manuals/financial-management-handbooks/cash-management-policies-and" rel="noreferrer">Cash Management Policies and Procedures Handbook</a></em></li> <li><em><a href="//www.commerce.gov/ofm/publications/handbooks-and-manuals/financial-management-handbooks/credit-and-debt-management" rel="noreferrer">Credit and Debt Management Operating Standards and Procedures Handbook</a></em></li> <li><em><a href="//www.commerce.gov/sites/default/files/ofm/0370_G%26B_and_Official_Entertainment.pdf">Gifts and Bequests Fund Standard Operating Procedures</a></em></li> <li><em><a href="//www.commerce.gov/ofm/publications/handbooks-and-manuals/financial-management-handbooks/standard-accounts-payable" rel="noreferrer">Standard Accounts Payable Business Rules Handbook</a></em></li> <li><em><a href="//www.commerce.gov/sites/default/files/ofm/FY_2019_Final_WCF_and_A%26R_Handbook.pdf">Working Capital Fund & Advances and Reimbursements Handbook</a></em></li> </ul></div> </div> </article> </div> </div> </div> </div> </div> </main> <footer class="usa-footer usa-footer--big" role="contentinfo"> <div class="usa-grid usa-footer-return-to-top"> <a href="#">Return to top</a> </div> <div class="usa-footer__primary-section"> <div class="grid-container"> <div class="region region-footer-menu"> <div class="grid-row grid-gap"> <div class="mobile-lg:grid-col-6 desktop:grid-col-4"> <section class="usa-footer__primary-content usa-footer__primary-content--collapsible"> <h4 class="usa-footer__primary-link">Explore</h4> <ul class="usa-list usa-list--unstyled add-list-reset"> <li class="usa-footer__secondary-link"> <a href="https://www.commerce.gov/ofm/offices/office-secretary-financial-management" rel="noreferrer">Budget Operation and Execution</a> </li> <li class="usa-footer__secondary-link"> <a href="https://www.commerce.gov/ofm/offices/office-financial-reporting-policy-internal-controls-and-travel/office-financial" 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