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by Joanne M. Flood
Wiley GAAP 2018, 16th Edition
Cover
Series Page
Title Page
Copyright
Preface
About the Author
Codification Taxonomy
1: ASC 105 Generally Accepted Accounting Principles
Perspectives and Issues
Definitions of Terms
Concepts, Rules, and Examples
Search Authoritative Literature (Step 6)—Further Explanation
The Concept of Materiality
Descriptions of Materiality
The Conceptual Framework
CON 8—Chapter 1: The Objective of General Purpose Financial Reporting
CON 8—Chapter 3: Qualitative Characteristics of Useful Financial Information
CON 5: Recognition and Measurement in Financial Statements of Business Enterprises
CON 6: Elements of Financial Statements
CON 7: Using Cash Flow Information and Present Value in Accounting Measurements
2: ASC 205 Presentation Of Financial Statements
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
3: ASC 210 Balance Sheet
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
4: ASC 215 Statement of Shareholder Equity
Perspective and Issues
5: ASC 220 Comprehensive Income
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
6: ASC 225 Income Statement
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
7: ASC 230 Statement of Cash Flows
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
8: ASC 235 Notes to Financial Statements
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
9: ASC 250 Accounting Changes and Error Corrections
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
10: ASC 255 Changing Prices
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
11: ASC 260 Earnings Per Share
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Comprehensive Example
Notes
12: ASC 270 Interim Reporting
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Part I—Requirements Applicable to All reporting Entities
Part II—Requirements Applicable to Public Reporting Entities
13: ASC 272 Limited Liability Entities
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
14: ASC 274 Personal Financial Statements
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
15: ASC 275 Risks and Uncertainties
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
16: ASC 280 Segment Reporting
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
17: ASC 305 Cash and Cash Equivalents
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
18: ASC 310 Receivables
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Other Sources (ASC 310-10-60)
Notes
19: ASC 320 Investments—Debt and Equity Securities1
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
20: ASC 320 Investments—Debt Securities1
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
21: ASC 321 Investments—Equity Securities
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
22: ASC 323 Investments—Equity Method and Joint Ventures
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
23: ASC 325 Investments—Other
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
24: ASC 326 Financial Instruments—Credit Losses
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
25: ASC 330 Inventory
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
26: ASC 340 Other Assets and Deferred Costs
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
27: ASC 350 Intangibles—Goodwill and Other
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
28: ASC 360 Property, Plant, and Equipment
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
29: ASC 405 Liabilities
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
30: ASC 410 Asset Retirement and Environmental Obligations
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
31: ASC 420 Exit or Disposal Cost Obligations
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
32: ASC 430 Deferred Revenue
33: ASC 440 Commitments
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
34: ASC 450 Contingencies
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
35: ASC 460 Guarantees
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
36: ASC 470 Debt
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
37: ASC 480 Distinguishing Liabilities from Equity
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Mandatorily Redeemable Shares and Similar Instruments
38: ASC 505 Equity
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
39: ASC 605 Revenue Recognition1
Revenue Recognition—General Principles
ASC 605-10, Overall
Definitions of Terms
Concepts, Rules, and Examples
ASC 605-15, Products
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
ASC 605-20, Service Revenues
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
ASC 605-25, Multiple-Element Arrangements
Perspective and Issues
ASC 605-28, Milestone Method
Perspective and Issues
Concepts, Rules, and Examples
ASC 605-35, Construction-Type and Production-Type Contracts
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
ASC 605-45, Principal-Agent Considerations
Perspective and Issues
Concepts, Rules, and Examples
ASC 605-50, Customer Payments and Incentives
Notes
40: ASC 606 Revenue from Contracts With Customers
Overview
Step 1: Identify the Contract with the Customer
Step 2: Identifying the Performance Obligations
Step 3: Determine the Transaction Price
Step 4: Allocate the Transaction Price
Step 5: Recognize Revenue when (or as) the Entity Satisfies a Performance Obligation
Other Issues
Notes
41: ASC 610 Other Income
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
42: ASC 705 Cost of Sales and Services
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
43: ASC 710 Compensation—General
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
44: ASC 712 Compensation—Nonretirement Post-Employment Benefits
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
45: ASC 715 Compensation—Retirement Benefits
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
46: ASC 718 Compensation—Stock Compensation
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
47: ASC 720 Other Expenses
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
48: ASC 730 Research and Development
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
49: ASC 740 Income Taxes
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Notes
50: ASC 805 Business Combinations
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
51: ASC 808 Collaborative Arrangements
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
52: ASC 810 Consolidations
Perspective and Issues
Definitions of Terms
Consolidation Models—Introduction and Background
The VIE Model
Voting Interest Model
53: ASC 815 Derivatives and Hedging
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
54: ASC 820 FAIR VALUE MEASUREMENTS
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
55: ASC 825 FINANCIAL INSTRUMENTS
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
ASC 825-20
56: ASC 830 Foreign Currency Matters
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Accounts to be Remeasured Using Historical Exchange Rates
57: ASC 835 Interest
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
58: ASC 840 LEASES 1
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
59: ASC 842 Leases
FASB Issues New Standard for Lease Accounting
60: ASC 845 Nonmonetary Transactions
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
61: ASC 850 Related-Party Disclosures
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
62: ASC 852 Reorganizations
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
63: ASC 853 Service Concession Arrangements
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
64: ASC 855 Subsequent Events
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
65: ASC 860 Transfers and Servicing
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
66: ASC 900S Specialized Industry GAAP
Contractors—Federal Government (ASC 912)1
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Entertaintment—Broadcasters (ASC 920)3
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Entertainment—Cable Television (ASC 922)5
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Entertainment—Casinos (ASC 924)7
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Entertainment—Film (ASC 926)8
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Entertainment—Music (ASC 928)9
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Extractive Activities—Oil and Gas (ASC 932)10
Perspective and Issues
Concepts, Rules, and Examples
Financial Services—Depository and Lending (ASC 942)11
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Financial Services—Insurance (ASC 944)
Perspective and Issues
Concepts, Rules, and Examples
Financial Services—Investment Companies (ASC 946)13
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Financial Services—Mortgage Banking (ASC 948)16
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Financial Services—Title Plant (ASC 950)
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Franchisors (ASC 952)21
Perspective and Issues
Definitions of Terms
Concepts and Rules
Not-for-Profit Entities (ASC 958)22
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Plan Accounting (ASC 960, ASC 962, ASC 965)
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Real Estate—General (ASC 970)25
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Real Estate—Retail Land (ASC 976)26
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Real Estate Time-Sharing Activities (ASC 978)28
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Regulated Operations (ASC 980)29
Perspective and Issues
Concepts, Rules, and Examples
Software (ASC 985)31
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Appendix A: Definitions of Terms
Appendix B: Disclosure and Presentation Checklist for Commercial Businesses
Index
End User License Agreement
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