Table of Contents
Preface ix
About the Author xiii
Codification Taxonomy xv
1 ASC 105 Generally Accepted Accounting Principles 1
2 ASC 205 Presentation of Financial Statements 25
3 ASC 210 Balance Sheet 33
4 ASC 215 Statement of Shareholder Equity 47
5 ASC 220 Comprehensive Income 49
6 ASC 225 Income Statement 57
7 ASC 230 Statement of Cash Flows 69
8 ASC 235 Notes to Financial Statements 89
9 ASC 250 Accounting Changes and Error Corrections 95
10 ASC 255 Changing Prices 123
11 ASC 260 Earnings Per Share 127
12 ASC 270 Interim Reporting 159
13 ASC 272 Limited Liability Entities 173
14 ASC 274 Personal Financial Statements 177
15 ASC 275 Risks and Uncertainties 185
16 ASC 280 Segment Reporting 191
17 ASC 305 Cash and Cash Equivalents 203
18 ASC 310 Receivables 207
19 ASC 320 Investments—Debt and Equity Securities 243
20 ASC 323 Investments—Equity Method and Joint Ventures 269
21 ASC 325 Investments—Other 303
22 ASC 330 Inventory 313
23 ASC 340 Other Assets and Deferred Costs 353
24 ASC 350 Intangibles—Goodwill and Other 361
25 ASC 360 Property, Plant, and Equipment 383
26 ASC 405 Liabilities 427
27 ASC 410 Asset Retirement and Environmental Obligations 431
28 ASC 420 Exit or Disposal Cost Obligations 445
29 ASC 430 Deferred Revenue 451
30 ASC 440 Commitments 453
31 ASC 450 Contingencies 457
32 ASC 460 Guarantees 465
33 ASC 470 Debt 477
34 ASC 480 Distinguishing Liabilities From Equity 515
35 ASC 505 Equity 533
36 ASC 605 Revenue Recognition 561
Appendix—Overview of ASC 606
37 ASC 705 Cost of Sales and Services 629
38 ASC 710 Compensation—General 631
39 ASC 712 Compensation—Nonretirement Postemployment Benefits 637
40 ASC 715 Compensation—Retirement Benefits 639
41 ASC 718 Compensation—Stock Compensation 687
42 ASC 720 Other Expenses 723
43 ASC 730 Research and Development 729
44 ASC 740 Income Taxes 735
45 ASC 805 Business Combinations 787
46 ASC 808 Collaborative Arrangements 835
47 ASC 810 Consolidations 845
48 ASC 815 Derivatives and Hedging 887
49 ASC 820 Fair Value Measurements 945
50 ASC 825 Financial Instruments 967
51 ASC 830 Foreign Currency Matters 975
52 ASC 835 Interest 1003
53 ASC 840 Leases 1023
54 ASC 845 Nonmonetary Transactions 1087
55 ASC 850 Related-Party Disclosures 1101
56 ASC 852 Reorganizations 1103
57 ASC 853 Service Concession Arrangements 1107
58 ASC 855 Subsequent Events 1109
59 ASC 860 Transfers and Servicing 1113
60 ASC 900s Specialized Industry GAAP 1151
Appendix A: Definitions of Terms 1283
Appendix B: Disclosure Checklist for Commercial Businesses 1301
Index 1401