Wiley GAAP 2016: interpretation and application of generally accepted accounting principles

2832 Pages·2016·9.66 MB·English

by  Joanne M. Flood

CONTENTS
1. Cover
2. Series Page
3. Title Page
4. Copyright
5. Preface
6. About the Author
7. Codification Taxonomy
8. Chapter 1: ASC 105 Generally Accepted Accounting Principles
1. Perspectives and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
9. Chapter 2: ASC 205 Presentation of Financial Statements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
4. ASC 205-30, Liquidation Basis of Accounting
10. Chapter 3: ASC 210 Balance Sheet
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
11. Chapter 4: ASC 215 Statement of Shareholder Equity
1. Perspective and Issues
12. Chapter 5: Asc 220 Comprehensive Income
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
13. Chapter 6: Asc 225 Income Statement
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
14. Chapter 7: Asc 230 Statement of Cash Flows
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
15. Chapter 8: ASC 235 Notes to Financial Statements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
16. Chapter 9: ASC 250 Accounting Changes and Error Corrections
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
17. Chapter 10: ASC 255 Changing Prices
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
18. Chapter 11: ASC 260 Earnings Per Share
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
4. Comprehensive Example
19. Chapter 12: ASC 270 Interim Reporting
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
4. Part I—Requirements Applicable to all Reporting Entities
5. Part II—Requirements Applicable to Public Reporting Entites
20. Chapter 13: ASC 272 Limited Liability Entities
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
21. Chapter 14: ASC 274 Personal Financial Statements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
22. Chapter 15: ASC 275 Risks and Uncertainties
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
23. Chapter 16: ASC 280 Segment Reporting
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
24. Chapter 17: ASC 305 Cash and Cash Equivalents
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
25. Chapter 18: ASC 310 Receivables
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
26. Chapter 19: ASC 320 Investments—Debt and Equity Securities
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
27. Chapter 20: ASC 323 Investments—Equity Method and Joint Ventures
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
28. Chapter 21: ASC 325 Investments—Other
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
29. Chapter 22: ASC 330 Inventory
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
30. Chapter 23: ASC 340 Other Assets and Deferred Costs
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
31. Chapter 24: ASC 350 Intangibles—Goodwill and Other
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
32. Chapter 25: ASC 360 Property, Plant, and Equipment
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
33. Chapter 26: ASC 405 Liabilities
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
34. Chapter 27: ASC 410 Asset Retirement and Environmental Obligations
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
35. Chapter 28: ASC 420 Exit or Disposal Cost Obligations
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
36. Chapter 29: ASC 430 Deferred Revenue
37. Chapter 30: ASC 440 Commitments
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
38. Chapter 31: ASC 450 Contingencies
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
39. Chapter 32: ASC 460 Guarantees
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
40. Chapter 33: ASC 470 Debt
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
41. Chapter 34: ASC 480 Distinguishing Liabilities from Equity
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
42. Chapter 35: ASC 505 Equity
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
43. Chapter 36: ASC 605 Revenue Recognition
1. Revenue Recognition—General Principles
2. Long-Term Construction Contracts (ASC 605-35)
3. Perspective and Issues
4. Definitions of Terms
5. Concepts, Rules, and Examples
6. Service Revenues (ASC 605-20 AND ASC 605-45)
7. Perspective and Issues
8. Definitions of Terms
9. Concepts, Rules, and Examples
10. Sales When Collection is Uncertain
11. Perspective and Issues
12. Definitions of Terms
13. Concepts, Rules, and Examples
14. Revenue Recognition When Right of Return Exists (ASC 605-15)
15. Perspective and Issues
16. Definitions of Terms
17. Concepts, Rules, and Examples
18. Revenue Arrangements with Multiple Deliverables (ASC 605-25)
19. Perspective and Issues
20. Other Special Accounting and Reporting Issues
21. Appendix—Overview of ASC 6062
44. Chapter 37: ASC 705 Cost of Sales and Services
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
45. Chapter 38: ASC 710 Compensation—General
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
46. Chapter 39: ASC 712 Compensaton—Nonretirement Post-Employment
Benefits
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
47. Chapter 40: ASC 715 Compensation—Retirement Benefits
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
48. Chapter 41: ASC 718 Compensation—Stock Compensation
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
49. Chapter 42: ASC 720 Other Expenses
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
50. Chapter 43: ASC 730 Research and Development
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
51. Chapter 44: ASC 740 Income Taxes
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
52. Chapter 45: Asc 805 Business Combinations
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, And Examples
53. Chapter 46: ASC 808 Collaborative Arrangements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
54. Chapter 47: Asc 810 Consolidations
1. Perspective and Issues
2. Definitions of Terms
3. Consolidation Models—Introduction and Background
4. The Vie Model
5. Voting Interest Model
55. Chapter 48: ASC 815 Derivatives and Hedging
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
56. Chapter 49: ASC 820 Fair Value Measurements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
57. Chapter 50: ASC 825 Financial Instruments
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
58. Chapter 51: ASC 830 Foreign Currency Matters
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
4. Accounts to be Remeasured Using Historical Exchange Rates
59. Chapter 52: ASC 835 Interest
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
60. Chapter 53: ASC 840 Leases
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
61. Chapter 54: ASC 845 Nonmonetary Transactions
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
62. Chapter 55: ASC 850 Related-Party Disclosures
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
63. Chapter 56: ASC 852 Reorganizations
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
64. Chapter 57: ASC 853 Service Concession Arrangements
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
65. Chapter 58: ASC 855 Subsequent Events
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
66. Chapter 59: Asc 860 Transfers and Servicing
1. Perspective and Issues
2. Definitions of Terms
3. Concepts, Rules, and Examples
67. Chapter 60: ASC 900S Specialized Industry GAAP
1. Contractors—Federal Government (ASC 912)
2. Perspective and Issues
3. Definitions of Terms
4. Concepts, Rules, and Examples
5. Development Stage Enterprises (ASC 915)
6. Entertaintment—Broadcasters (ASC 920)
7. Perspective and Issues
8. Definitions of Terms
9. Concepts, Rules, and Examples
10. Entertainment—Cable Television (ASC 922)
11. Perspective and Issues
12. Definitions of Terms
13. Concepts, Rules, and Examples
14. Entertainment—Casinos (ASC 924)
15. Perspective and Issues
16. Definitions of Terms
17. Concepts, Rules, and Examples
18. Entertainment—Film (ASC 926)
19. Perspective and Issues
20. Definitions of Terms
21. Concepts, Rules, and Examples
22. Entertainment—Music (ASC 928)
23. Perspective and Issues
24. Definitions of Terms
25. Concepts, Rules, and Examples
26. Extractive Activities—Oil and Gas (ASC 932)
27. Perspective and Issues
28. Concepts, Rules, and Examples
29. Financial Services—Depository and Lending (ASC 942)
30. Perspective and Issues
31. Definitions of Terms
32. Concepts, Rules, and Examples
33. Financial Services—Insurance (ASC 944)
34. Perspective and Issues
35. Concepts, Rules, and Examples
36. Financial Services—Investment Companies (ASC 946)
37. Perspective and Issues
38. Definitions of Terms
39. Concepts, Rules, and Examples
40. Financial Services—Mortgage Banking (ASC 948)
41. Perspective and Issues
42. Definitions of Terms
43. Concepts, Rules, and Examples
44. Financial Services—Title Plant (ASC 950)
45. Perspective and Issues
46. Definitions of Terms
47. Concepts, Rules, and Examples
48. Franchisors (ASC 952)
49. Perspective and Issues
50. Definitions of Terms
51. Concepts and Rules
52. Not-For-Profit Entities (ASC 958)
53. Perspective and Issues
54. Definitions of Terms
55. Concepts, Rules, and Examples
56. Plan Accounting (ASC 960, ASC 962, ASC 965)
57. Perspective and Issues
58. Definitions of Terms
59. Concepts, Rules, and Examples
60. Real Estate—General (ASC 970)
61. Perspective and Issues
62. Definitions of Terms
63. Concepts, Rules, and Examples
64. Real Estate—Retail Land (ASC 976)
65. Perspective and Issues
66. Definitions of Terms
67. Concepts, Rules, and Examples
68. Real Estate Time-Sharing Activities (ASC 978)
69. Perspective and Issues
70. Definitions of Terms
71. Concepts, Rules, and Examples
72. Regulated Operations (ASC 980)
73. Perspective and Issues
74. Concepts, Rules, and Examples
75. Software (ASC 985)
76. Perspective and Issues
77. Definitions of Terms
78. Concepts, Rules, and Examples
68. Appendix A: Definitions of Terms
69. Appendix B: Disclosure Checklist for Commercial Businesses
70. Index
71. End User License Agreement