U S Department of State ACCOUNTING CLASSIFICATION FOR NON-SERVICED AGENCIES 2026

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The FASB has a long-standing commitment to the not-for-profit sector as part of the FASBs standard-setting process for U.S. generally accepted accounting principles (GAAP).
For most of the world, accountants follow the IFRS rules. In the United States, the leading standard is called GAAP.
These standards are known collectively as Generally Accepted Accounting Principles (GAAP). GAAP is composed of ten tenets which govern responsible reporting. All non-governmental accountants use GAAP, while governmental agencies use a comparable set of principles.

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Accounting Classification Code (ACC) A nine-digit character code defined in the Financial Management System (FMS) and established for each budget fiscal year. FMS contains information on standard ACCs used by more than one station and non-standard codes that are used by a single station.

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