Wiley GAAP 2014 Interpretation and Application of Generally Accepted Accounting Principles

Preface vii

About the Author xi

Codification Taxonomy xiii

1 ASC 105 Generally Accepted Accounting Principles 1

2 ASC 205 Presentation of Financial Statements 29

3 ASC 210 Balance Sheet 43

4 ASC 215 Statement of Shareholder Equity 59

5 ASC 220 Comprehensive Income 61

6 ASC 225 Income Statement 71

7 ASC 230 Statement of Cash Flows 85

8 ASC 235 Notes to Financial Statements 105

9 ASC 250 Accounting Changes and Error Corrections 111

10 ASC 255 Changing Prices 143

11 ASC 260 Earnings Per Share 147

12 ASC 270 Interim Reporting 179

13 ASC 272 Limited Liability Entities 195

14 ASC 274 Personal Financial Statements 199

15 ASC 275 Risks and Uncertainties 207

16 ASC 280 Segment Reporting 213

17 ASC 305 Cash and Cash Equivalents 225

18 ASC 310 Receivables 229

19 ASC 320 Investments—Debt and Equity Securities 265

20 ASC 323 Investments—Equity Method and Joint Ventures 291

21 ASC 325 Investments—Other 325

22 ASC 330 Inventory 337

23 ASC 340 Other Assets and Deferred Costs 375

24 ASC 350 Intangibles—Goodwill and Other 383

25 ASC 360 Property, Plant, and Equipment 405

26 ASC 405 Liabilities 453

27 ASC 410 Asset Retirement and Environmental Obligations 457

28 ASC 420 Exit or Disposal Cost Obligations 471

29 ASC 430 Deferred Revenue 477

30 ASC 440 Commitments 479

31 ASC 450 Contingencies 483

32 ASC 460 Guarantees 491

33 ASC 470 Debt 505

34 ASC 480 Distinguishing Liabilities From Equity 545

35 ASC 505 Equity 561

36 ASC 605 Revenue Recognition 593

37 ASC 705 Cost of Sales and Services 647

38 ASC 710 Compensation—General 649

39 ASC 712 Compensation—Nonretirement Postemployment Benefits 653

40 ASC 715 Compensation—Retirement Benefits 655

41 ASC 718 Compensation—Stock Compensation 699

42 ASC 720 Other Expenses 737

43 ASC 730 Research and Development 741

44 ASC 740 Income Taxes 747

45 ASC 805 Business Combinations 821

46 ASC 808 Collaborative Arrangements 871

47 ASC 810 Consolidations 883

48 ASC 815 Derivatives and Hedging 913

49 ASC 820 Fair Value Measurements 971

50 ASC 825 Financial Instruments 995

51 ASC 830 Foreign Currency Matters 1005

52 ASC 835 Interest 1035

53 ASC 840 Leases 1053

54 ASC 845 Nonmonetary Transactions 1127

55 ASC 850 Related-Party Disclosures 1139

56 ASC 852 Reorganizations 1141

57 ASC 855 Subsequent Events 1147

58 ASC 860 Transfers and Servicing 1151

59 ASC 900s Specialized Industry GAAP 1189

Appendix Disclosure Checklist for Commercial Businesses 1323

Index 1421