Wiley GAAP 2021

Preface ix About the Author xi Codification Taxonomy xiii 1 ASC 105 Generally Accepted Accounting Principles 1 2 ASC 205 Presentation of Financial Statements 27 3 ASC 210 Balance Sheet 39 4 ASC 215 Statement of Shareholder Equity 49 5 ASC 220 Income Statement--Reporting Comprehensive Income 51 6 ASC 230 Statement of Cash Flows 67 7 ASC 235 Notes to Financial Statements 87 8 ASC 250 Accounting Changes and Error Corrections 93 9 ASC 255 Changing Prices 113 10 ASC 260 Earnings Per Share 117 11 ASC 270 Interim Reporting 149 12 ASC 272 Limited Liability Entities 161 13 ASC 274 Personal Financial Statements 165 14 ASC 275 Risks and Uncertainties 173 15 ASC 280 Segment Reporting 179 16 ASC 310 Receivables 189 17 ASC 320 Investments--Debt and Equity Securities 233 18 ASC 320 Investments--Debt Securities 257 19 ASC 321 Investments--Equity Securities 279 20 ASC 323 Investments--Equity Method and Joint Ventures 285 21 ASC 325 Investments--Other 323 22 ASC 326 Financial Instruments--Credit Losses 331 23 ASC 330 Inventory 349 24 ASC 340 Other Assets and Deferred Costs 389 25 ASC 350 Intangibles--Goodwill and Other 405 26 ASC 360 Property, Plant, and Equipment 437 27 ASC 405 Liabilities 481 28 ASC 410 Asset Retirement and Environmental Obligations 487 29 ASC 420 Exit or Disposal Cost Obligations 505 30 ASC 430 Deferred Revenue 511 31 ASC 440 Commitments 513 32 ASC 450 Contingencies 517 33 ASC 460 Guarantees 525 34 ASC 470 Debt 537 35 ASC 480 Distinguishing Liabilities from Equity 575 36 ASC 505 Equity 591 37 ASC 605 Revenue Recognition 619 38 ASC 606 Revenue from Contracts with Customers 665 39 ASC 610 Other Income 739 40 ASC 705 Cost of Sales and Services 745 41 ASC 710 Compensation--General 747 42 ASC 712 Compensation--Nonretirement Post-Employment Benefits 753 43 ASC 715 Compensation--Retirement Benefits 755 44 ASC 718 Compensation-- Stock Compensation 795 45 ASC 720 Other Expenses 833 46 ASC 730 Research and Development 839 47 ASC 740 Income Taxes 845 48 ASC 805 Business Combinations 897 49 ASC 808 Collaborative Arrangements 943 50 ASC 810 Consolidations 955 51 ASC 815 Derivatives and Hedging 995 52 ASC 820 Fair Value Measurements 1063 53 ASC 825 Financial Instruments 1083 54 ASC 830 Foreign Currency Matters 1089 55 ASC 835 Interest 1109 56 ASC 840 Leases 1127 57 ASC 842 Leases 1193 58 ASC 845 Nonmonetary Transactions 1209 59 ASC 850 Related-Party Disclosures 1223 60 ASC 852 Reorganizations 1225 61 ASC 853 Service Concession Arrangements 1229 62 ASC 855 Subsequent Events 1231 63 ASC 860 Transfers and Servicing 1233 64 ASC 900s Specialized Industry GAAP 1265 Appendix A: Definitions of Terms 1355 Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1389 Index 1391