FASB Accounting Standards Codification Update Advanced Accounting

By Hamlen, Huefner, and Largay

The tables below provide the FASB accounting standards codification reference for text references to specific FASB standards. There is a separate table for each chapter, indicating the page, topic, referenced FASB standard, and Codification reference for the topic. In many cases, the Codification reference is more specific than the original text reference; for example, for goodwill impairment testing, the text refers to SFAS 142 in general, but the Codification reference is to the specific guidance for goodwill impairment testing. The Codification referencing follows the format suggested in the FASB Accounting Standards Codification, Notice to Constituents, About the Codification. This document can be found at http://asc.fasb.org/imageRoot/45/6805245.pdf .

Chapter 1 Intercorporate Investments: An Overview

Page 6 Topic Equity method investments FASB Standard APBO 18 Codification Reference FASB ASC Topic 323, InvestmentsEquity Method and Joint Ventures FASB ASC Topic 320, InvestmentsDebt and Equity Securities FASB ASC Topic 815, Derivatives and Hedging FASB ASC Topic 805, Business Combinations FASB ASC Topic 350, IntangiblesGoodwill and Other FASB ASC Section 825-10-25, Financial Instruments OverallRecognition FASB ASC Topic 805, Business Combinations FASB ASC Section 810-10-05, ConsolidationOverall Overview and Background FASB ASC Paragraph 810-1065-2 FASB ASC Section 320-10-35, InvestmentsDebt and Equity SecuritiesOverall Subsequent Measurement FASB ASC Paragraph 320-1035-31 FASB ASC Section 825-10-25, Financial Instruments OverallRecognition FASB ASC Section 323-10-15, InvestmentsEquity Method and Joint VenturesOverall Scope and Scope Exceptions FASB ASC Section 323-10-15, InvestmentsEquity Method and Joint VenturesOverall Scope and Scope Exceptions

Investments in debt and equity securities Derivatives and hedging Business combinations Goodwill and other intangible assets

SFAS 115

6 6 6

SFAS 133 SFAS 141(R) SFAS 142

Fair value option for financial assets and liabilities Noncontrolling interests in consolidated financial statements Consolidation of variable interest entities

SFAS 159

6 6

SFAS 160 FIN 46(R), SFAS 167

Investments in debt and equity securities

SFAS 115

9 10

Impairment of investments in debt and SFAS 115, para 16 equity securities Fair value option for financial assets SFAS 159 and liabilities Determination of significant influence for equity method APBO 18

10

10

Determination of significant influence for equity method

FASB Interpretation 35

12

Goodwill and other intangible assets subsequent to acquisition

SFAS 142

12

Intangible assets impairment

SFAS 144

14

Equity method for investments

APBO 18

15

Impairment of equity method investments

APBO 18

17

Consolidation of variable interest entities

FIN 46(R), SFAS 167

24

P1.2: classification of securities as held-to-maturity

SFAS 115

FASB ASC Section 350-20-35, IntangiblesGoodwill and OtherGoodwillSubsequent Measurement FASB ASC Section 350-30-35, IntangiblesGoodwill and OtherGeneral Intangibles Other Than Goodwill Subsequent Measurement FASB ASC Section 323-10-35, InvestmentsEquity Method and Joint VenturesOverall Subsequent Measurement FASB ASC Section 323-10-35, InvestmentsEquity Method and Joint VenturesOverall Subsequent Measurement FASB ASC Section 810-10-05, ConsolidationOverall Overview and Background FASB ASC Paragraph 810-1065-2 FASB ASC Section 320-10-35, InvestmentsDebt and Equity SecuritiesOverall Subsequent Measurement

Chapter 2 Mergers and Acquisitions

Page 40 40 Topic Business combinations Goodwill and other intangible assets FASB Standard SFAS 141(R) SFAS 142 Codification Reference FASB ASC Topic 805, Business Combinations FASB ASC Topic 350, IntangiblesGoodwill and Other FASB ASC Topic 805, Business Combinations FASB ASC Section 805-10-55, Business Combinations OverallImplementation Guidance FASB ASC Paragraphs 805-1025-6 and 7 FASB ASC Paragraphs 805-1025-4 and 5 FASB ASC Subtopic 820-10, Fair Value Measurements and DisclosuresOverall FASB ASC Paragraph 805-2025-10 FASB ASC Paragraph 805-2055-2 FASB ASC Paragraphs 805-2055-14, 16 through 25, 27, 29 through 31, 33 through 38, 40 through 44, 52, 54 through 57 FASB ASC Paragraphs 805-2055-6 and 7 FASB ASC Paragraphs 820-1035-37 through 57 FASB ASC Paragraphs 820-1035-28 through 35 FASB ASC Paragraphs 805-3030-7 and 8 FASB ASC Paragraphs 805-3025-5 through 7 FASB ASC Paragraph 805-1025-23 FASB ASC Paragraph 805-1025-2 FASB ASC Section 805-10-25, Business Combinations OverallRecognition 4

40 40

Noncontrolling interests in consolidated financial statements Definition of a business

SFAS 160 SFAS 141(R), para A4

41 41 42

Acquisition date defined Identification of acquiring company Framework for determining fair value

SFAS 141(R), para 10, 11 SFAS 141(R), para 8, 9 SFAS 157

43 43 43

Reporting previously unrecognized acquired intangibles Examples of contractual or legal rights that are not separable Categories of identifiable intangible assets

SFAS 141(R), para 3(k) SFAS 141(R), para A20 SFAS 141(R), para A31 through A56

44 44 44 48 48 50 50 5152

Intangibles included in goodwill Fair value hierarchy Valuation techniques Measurement of acquisition cost Contingent consideration Out of pocket acquisition costs Out of pocket restructuring costs Measurement period and subsequent changes in values

SFAS 141(R), para A25, A26 SFAS 157, para 22 through 31 SFAS 157, para 18 SFAS 141(R), para 39, 40 SFAS 141(R), para 41, 42 SFAS 141(R), para 59 SFAS 141(R), para 13 SFAS 141(R), para 51 through 56, 65

5354 55 5556 60 61 64 68

Bargain purchases In-process research and development Preacquisition contingencies

E2.8: Reporting previously unrecognized acquired intangibles E2.10: Contingent consideration P2.3: Merger costs P2.9: Acquisition entry

FASB ASC Section 805-30-35, Business Combinations Goodwill or Gain from Bargain Purchase, Including Consideration Transferred Subsequent Measurement SFAS 141(R), para FASB ASC Paragraphs 805-3036 through 38 25-2 through 4 SFAS 141(R), para FASB ASC Paragraph 805-2066 35-5 FASB Staff FASB ASC Paragraphs 805-20Position 141R-1, 25-18 through 20 SFAS 5 SFAS 141(R), para FASB ASC Paragraph 805-203(k) 25-10 SFAS 141(R), para FASB ASC Paragraphs 805-3041, 42 25-5 through 7 SFAS 141(R), para FASB ASC Paragraph 805-1059 25-23 SFAS 141(R) FASB ASC Topic 805, Business Combinations

Chapter 3 Consolidated Financial Statements: Date of Acquisition

Page 74 75 79 80 81 Topic Purpose of consolidated financial statements Definitions of control Definition of variable interest entity FASB Standard ARB 51, SFAS 160 ARB 51, SFAS 94, FIN 46(R) FIN 46(R), para 5 Codification Reference FASB ASC Paragraph 810-1010-1 FASB ASC Paragraphs 810-1015-8 through 10 FASB ASC Paragraph 810-1015-14 FASB ASC Paragraph 810-1025-38 FASB ASC Section 810-10-15, ConsolidationOverallScope and Scope Exceptions FASB ASC Paragraph 860-1065-3 FASB ASC Paragraph 810-1045-12 FASB ASC Paragraph 805-2025-10 FASB ASC Paragraph 810-1025-38 FASB ASC Paragraph 805-2025-10 FASB ASC Paragraph 810-1015-14 FASB ASC Paragraph 810-1025-38 FASB ASC Paragraph 810-1015-14 FASB ASC Paragraph 810-1025-38 FASB ASC Paragraph 805-2025-10 FASB ASC Topic 805, Business Combinations FASB ASC Paragraph 805-2025-10 FASB ASC Topic 805, Business Combinations FASB ASC Topic 805, Business Combinations FASB ASC Paragraph 810-1025-38

Consolidation of variable interest entity FIN 46(R), para 14 Consolidation of qualified SPEs FIN 46(R), para 4, SFAS 166

83 87 91 94 95

Consolidation of subsidiaries with different accounting years Criteria for separate capitalization of identifiable intangibles Consolidation of variable interest entity E3.4: criteria for recognition of identifiable intangibles E3.8: identification and consolidation of variable interest entities

ARB 51, para 4 SFAS 141(R), para 3(k) FIN 46(R), para 14 SFAS 141(R), para 3(k) FIN 46(R), para 5, FIN 46(R), para 14 FIN 46(R), para 5, FIN 46(R), para 14 SFAS 141(R), para 3(k) SFAS 141(R) SFAS 141(R), para 3(k) SFAS 141(R) SFAS 141(R) FIN 46(R)

96

E3.10: identification and consolidation of variable interest entities

98 98 100 100 101 102

P3.2: criteria for recognition of identifiable intangibles P3.3: acquisition entry P3.6: criteria for recognition of identifiable intangibles P3.7: consolidation at date of acquisition P3.9: consolidation at date of acquisition Consolidation of variable interest entities

Chapter 4 Consolidated Financial Statements Subsequent to Acquisition

Page 114 114 Topic Criteria for recognition of identifiable intangibles Subsequent measurement of identifiable intangibles FASB Standard SFAS 141(R), para 3(k) SFAS 142 Codification Reference FASB ASC Paragraph 805-2025-10 FASB ASC Section 350-30-35, IntangiblesGoodwill and OtherGeneral Intangibles Other than Goodwill Subsequent Measurement FASB ASC Paragraph 350-3035-17A FASB ASC Paragraph 350-3035-14 FASB ASC Paragraphs 350-2035-4 through 13 FASB ASC Paragraph 280-1050-1 FASB ASC Paragraph 360-1035-17 FASB ASC Paragraphs 350-2035-4 through 13 FASB ASC Topic 350, IntangiblesGoodwill and Other FASB ASC Paragraph 360-1035-17 FASB ASC Paragraph 280-1050-1 FASB ASC Paragraph 360-1035-17 FASB ASC Paragraphs 350-2035-4 through 13 FASB ASC Topic 805, Business Combinations

114 114115 115 116 120 120 122

Subsequent measurement of in-process SFAS 142, para 16 research and development Impairment testing for intangibles other SFAS 142, para 15 than goodwill Goodwill impairment testing SFAS 142, paras 19 through 22 Definition of reporting units for SFAS 131, para 10 goodwill impairment testing Intangibles impairment testing SFAS 144, para 7 Goodwill impairment testing Subsequent measurement of identifiable intangibles and goodwill Intangibles impairment testing Definition of reporting units for goodwill impairment testing Intangibles impairment testing Goodwill impairment testing P4.10: Acquisition entry SFAS 142, paras 19 through 22 SFAS 142 SFAS 144 SFAS 144, para 7 SFAS 131, para 10 SFAS 144, para 7 SFAS 142, paras 19 through 22 SFAS 141(R)

129 130 132 133 144

Chapter 5 Consolidated Financial Statements: Outside Interests

Page 149 151 151 152 Topic FASB Standard Consolidation of variable interest entity FIN 46(R), para 14 Valuation of noncontrolling interest at SFAS 141(R), para date of acquisition 20 Valuation of noncontrolling interest at SFAS 141(R), date of acquisition paras A60, A61 Disclosure of initial valuation of SFAS 141(R), para noncontrolling interest 68p Codification Reference FASB ASC Paragraph 810-1025-38 FASB ASC Paragraph 805-2030-1 FASB ASC Paragraphs 805-2030-7 and 8 FASB ASC Section 805-20-50, Business Combinations Identifiable Assets and Liabilities, and Any Noncontrolling Interest Disclosure FASB ASC Sections 810-10-45 and 55, Consolidation OverallOther Presentation Matters, and Implementation Guidance and Illustrations FASB ASC Section 810-10-30, ConsolidationOverallInitial Measurement FASB ASC Paragraph 810-1035-3 FASB ASC Sections 810-10-45 and 55, Consolidation OverallOther Presentation Matters, and Implementation Guidance and Illustrations FASB ASC Paragraphs 805-2030-7 and 8

153

Financial statement presentation of noncontrolling interest

SFAS 160

154

Initial consolidation of variable interest entity Subsequent measurement of consolidated variable interest entity Financial statement presentation of noncontrolling interest

FIN 46(R), paras 18 through 21 FIN 46(R), para 22 SFAS 160

154 157

160161

Valuation and financial statement presentation of noncontrolling interest

SFAS 141(R), SFAS 160

161 162

Initial goodwill measurement with noncontrolling interest Financial statement presentation of noncontrolling interest

FASB ASC Sections 810-10-45 and 55, Consolidation OverallOther Presentation Matters, and Implementation Guidance and Illustrations SFAS 141(R), para FASB ASC Paragraph 805-3034 30-1 SFAS 160 FASB ASC Sections 810-10-45 and 55, Consolidation OverallOther Presentation Matters, and Implementation Guidance and Illustrations

163 167 168 171

Attribution of bargain gain to controlling interest Valuation of noncontrolling interest at date of acquisition Goodwill measurement Consolidated statement of cash flows

SFAS 141(R), para 36 SFAS 141(R), para 20 SFAS 141(R), para 34 SFAS 95

FASB ASC Paragraph 805-3025-2 FASB ASC Paragraph 805-2030-1 FASB ASC Paragraph 805-3030-1 FASB ASC Section 230-10-45, Statement of Cash Flows OverallOther Presentation Matters

Chapter 6 Consolidated Financial Statements: Intercompany Transactions

Page all Topic Intercompany eliminations in consolidation Elimination of unconfirmed profits on intercompany transactions FASB Standard ARB 51 Codification Reference FASB ASC Section 810-10-45, ConsolidationOverallOther Presentation Matters FASB ASC Paragraph 810-1045-6

196

ARB 51, para 14

Chapter 7 Foreign Currency Transactions and Hedging

Page 231, 240, 241 233, 235 Topic Derivatives investments reporting and disclosure Import and export transactions denominated in a foreign currency FASB Standard SFAS 133, SFAS 161 SFAS 52, paras 15, 16 Codification Reference FASB ASC Topic 815, Derivatives and Hedging

243

Qualified hedges

243

Fair value hedges

247

Hedges of firm commitments

251, 253

Hedges of forecasted transactions

FASB ASC Sections 830-20-30 and 35, Foreign Currency MattersForeign Currency TransactionsInitial Measurement, and Subsequent Measurement SFAS 133, paras FASB ASC Section 815-20-25, 20, 28, 29 Derivatives and Hedging Hedging-GeneralRecognition SFAS 133, paras FASB ASC Subtopic 815-25, 20 through 27 Derivatives and HedgingFair Value Hedges SFAS 133, para 18 FASB ASC Section 815-20-35, Derivatives and Hedging Hedging-GeneralSubsequent Measurement SFAS 133, paras FASB ASC Section 815-20-35, 18, 28 Derivatives and Hedging Hedging-GeneralSubsequent Measurement FASB ASC Section 815-20-25, Derivatives and Hedging Hedging-GeneralRecognition FASB ASC Section 815-30-35, Derivatives and HedgingCash Flow HedgesSubsequent Measurement FASB ASC Topic 815, Derivatives and Hedging FASB ASC Paragraph 815-1050-1 FASB ASC Topic 815, Derivatives and Hedging

253

Cash flow/fair value hedges

SFAS 133

254 256 260

Derivatives investments reporting and disclosure Disclosure of information about derivative investments Derivatives reporting

SFAS 133, SFAS 161 SFAS 161, para 3 SFAS 133

10

Chapter 8 Translating Foreign Currency Financial Statements

Page 276 Topic Remeasurement and translation of foreign currency financial statements FASB Standard SFAS 52 Codification Reference FASB ASC Subtopic 830-10, Foreign Currency Matters Overall FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements FASB ASC Paragraph 830-1010-2 FASB ASC Section 830-10-45, Foreign Currency Matters OverallOther Presentation Matters FASB ASC Paragraphs 830-1055-3 through 5 FASB ASC Subtopic 830-10, Foreign Currency Matters Overall FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements FASB ASC Paragraph 830-1045-11 FASB ASC Paragraphs 830-1045-2 and 3 FASB ASC Section 250-10-05, Accounting Changes and Error CorrectionsOverall Overview and Background FASB ASC Subtopic 830-10, Foreign Currency Matters Overall FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements 11

283 283

Objectives of foreign currency translation Definition of functional currency

SFAS 52, para 4 SFAS 52, para 5

283284 284

Indicators of functional currency Remeasurement and translation of foreign currency financial statements

SFAS 52, para 42 SFAS 52

285

Preservation of functional currency relationships

SFAS 52, para 98

285286 286 286

Highly inflationary economy Choice of functional currency Change in accounting principles SFAS 52 SFAS 154

287

Remeasurement and translation of foreign currency financial statements

SFAS 52

290

Translation of statement of cash flows

SFAS 95, para 25

290

Foreign currency disclosures

SFAS 52, paras 30, 31

FASB ASC Section 830-230-45, Foreign Currency Matters Statement of Cash FlowsOther Presentation Matters FASB ASC Sections 830-20-45 and 50, Foreign Currency MattersForeign Currency TransactionsOther Presentation Matters and Disclosure FASB ASC Sections 830-30-45 and 50, Foreign Currency MattersTranslation of Financial StatementsOther Presentation Matters and Disclosure FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements FASB ASC Topic 830, Foreign Currency Matters FASB ASC Paragraph 815-2025-66 FASB ASC Section 815-35-35, Derivatives and HedgingNet Investment HedgesSubsequent Measurement FASB ASC Subtopic 830-10, Foreign Currency Matters Overall

294

Preservation of functional currency relationships

SFAS 52, para 98

295296 296

Reporting perspective on SFAS 52 Hedge of net investment in a foreign entity

SFAS 52 SFAS 52, para 42

297

Remeasurement and translation of foreign currency financial statements

SFAS 52

298 315

FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements Reporting previously unrecognized SFAS 141(R), para FASB ASC Paragraph 805-20acquired intangibles 3(k) 25-10 P8.7: translated statement of cash flows SFAS 52 FASB ASC Section 830-230-45, Foreign Currency Matters Statement of Cash FlowsOther Presentation Matters

12

Chapter 12 Private Not-For-Profit Organizations

Page 454 Topic Accounting for contributions Financial statements Investments Transfers Accounting for contributions and presentation of financial statements Required financial statements FASB Standard SFAS 116 SFAS 117 SFAS 124 SFAS 136 SFAS 116 SFAS 117 SFAS 117 Codification Reference FASB ASC Topic 958, Not-ForProfit Entities

456 456457

457

Investments in debt and equity securities

459

Statement of cash flows

459

Accounting for contributions received

459 462 465 465 467

Definition of contributions Interest on unconditional promises Contributions of long-term assets Contributions of works of art/historical value Contributions on behalf of others

468

Investments in debt and equity securities

FASB ASC Topic 958, Not-ForProfit Entities FASB ASC Subtopic 958-205, Not-For-Profit Entities Presentation of Financial Statements SFAS 124 FASB ASC Subtopic 958-320, Not-For-Profit Entities InvestmentsDebt and Equity Securities SFAS 117 FASB ASC Subtopic 958-230, Not-For-Profit Entities Statement of Cash Flows SFAS 116, paras FASB ASC Section 958-605-25, 8-16 Not-For-Profit Entities Revenue Recognition Recognition SFAS 116, para 5 FASB ASC Paragraph 958-60525-2 SFAS 116, para 20 FASB ASC Paragraph 958-31045-2 SFAS 116, para 16 FASB ASC Paragraph 958-60545-6 SFAS 116, para 11 FASB ASC Paragraph 958-60525-19 SFAS 136 FASB ASC Section 958-605-25, Not-For-Profit Entities Revenue Recognition Recognition SFAS 124 FASB ASC Subtopic 958-320, SFAS 115 Not-For-Profit Entities InvestmentsDebt and Equity Securities FASB ASC Topic 320, InvestmentsDebt and Equity Securities FASB ASC Paragraph 815-2535-19

468469

Reporting gains and losses on derivative investments

SFAS 133

13

474476

Reporting issues for specific not-forprofit organizations

SFAS 116, SFAS 117

FASB ASC Topic 958, Not-ForProfit Entities FASB ASC Topic 954, Health Care Entities FASB ASC Section 958-605-25, Not-For-Profit Entities Revenue Recognition Recognition

477

Contributions of goods

SFAS 116, para 8

Chapter 13 Futures, Options and Interest Rate Swap Contracts

Page all 494 495 496 496497 Topic Reporting for derivatives investments Fair value hierarchy Definition of financial instrument Characteristics of derivatives Reporting comprehensive income FASB Standard SFAS 133 SFAS 157 SFAS 107, para 3 SFAS 133 SFAS 130 Codification Reference FASB ASC Topic 815, Derivatives and Hedging FASB ASC Paragraph 820-1035-37 Glossaryfinancial instrument FASB ASC Paragraph 815-1015-83 FASB ASC Section 220-10-45, Comprehensive Income OverallOther Presentation Matters FASB ASC Paragraph 815-1010-1 FASB ASC Paragraph 815-2035-1 FASB ASC Paragraph 815-3035-3 FASB ASC Paragraph 320-1035-1 FASB ASC Paragraphs 815-2535-1 through 4 FASB ASC Subtopic 830-10, Foreign Currency Matters Overall FASB ASC Subtopic 830-30, Foreign Currency Matters Translation of Financial Statements

497 497 498 499500

Goals of derivatives reporting Hedges of firm commitments Cash flow hedges Gains and losses on AFS securities, hedges of AFS securities

SFAS 133, para 3 SFAS 133 SFAS 133 SFAS 115 SFAS 133

500

Current rate translation Hedge of net investment in foreign operation

SFAS 52 SFAS 133

14

500

Assessing hedge effectiveness

509

Reporting perspective: accounting for stock-based compensation

514515

Interest rate swaps as hedges

FASB ASC Section 815-35-35, Derivatives and HedgingNet Investment HedgesSubsequent Measurement SFAS 133, para 20 FASB ASC Section 815-20-25, Derivatives and Hedging Hedging-GeneralRecognition SFAS 123(R) FASB ASC Section 718-10-25, CompensationStock CompensationOverall Recognition SFAS 133 FASB ASC Section 815-25-35, Derivatives and HedgingFair Value HedgesSubsequent Measurement FASB ASC Section 815-30-35, Derivatives and HedgingCash Flow HedgesSubsequent Measurement FASB ASC Paragraph 815-2025-104 FASB ASC Section 815-10-50, Derivatives and Hedging OverallDisclosure FASB ASC Paragraph 815-1050-4E FASB ASC Section 825-10-50, Financial Instruments OverallDisclosure

517 521522 522523 523

Short-cut method for assessing hedge effectiveness of interest rate swaps Derivatives disclosures

SFAS 133, paras 68-70 SFAS 133, SFAS 161 SFAS 161 SFAS 107, SFAS 133

Tabular disclosures Disclosure for financial instruments and concentrations of credit risk

Chapter 14 Partnership Accounting and Reporting

Page 553 Topic Goodwill impairment testing FASB Standard SFAS 142 Codification Reference FASB ASC Section 350-20-35, IntangiblesGoodwill and OtherGoodwillSubsequent

15

Chapter 15 Bankruptcy and Reorganization

Page 599608 601 Topic Financial reporting for Chapter 11 Reorganization Contingent claims FASB Standard Codification Reference FASB ASC Topic 852, Reorganizations FASB ASC Section 450-20-25, ContingenciesLoss ContingenciesRecognition FASB ASC Paragraph 205-2045-3 FASB ASC Section 350-20-35, IntangiblesGoodwill and OtherGoodwillSubsequent Measurement FASB ASC Topic 740, Income Taxes FASB ASC Subtopic 852-20, ReorganizationsQuasiReorganizations FASB ASC Subtopic 470-60, DebtTroubled Debt Restructurings by Debtors

SFAS 5

601 604

Gains and losses from disposals of a ABPO 30 business segment Subsequent reporting for reorganization SFAS 142 value in excess of amounts allocated to identifiable net assets Deferred taxes in fresh start reporting Quasi-reorganizations SFAS 109

604 608

609

Troubled debt restructurings by debtors

SFAS 15

16

Chapter 16 The SEC and Financial Reporting

Page all Topic References to FASB Statements, Interpretations, etc. Fair value measurement FASB Standard Codification Reference Replace with: FASB Accounting Standards Codification FASB ASC Topic 820, Fair Value Measurements and Disclosures FASB ASC Topic 850, Related Party Disclosures FASB ASC Topic 270, Interim Reporting FASB ASC Section 250-10-45, Accounting Changes and Error CorrectionsOverallOther Presentation Matters FASB ASC Subtopic 740-270, Income TaxesInterim Reporting FASB ASC Topic 932, Extractive ActivitiesOil and Gas FASB ASC Topic 420, Exit or Disposal Cost Obligations FASB ASC Subtopic 835-20, InterestCapitalization of Interest FASB ASC Topic 820, Fair Value Measurements and Disclosures

627

SFAS 157

639 639

Related party disclosures Interim reporting

SFAS 57 APBO 28, SFAS 154, FIN 18

644645 645 645

Accounting for costs of unsuccessful wells Restructuring costs Capitalization of interest

SFAS 19

SFAS 146 SFAS 34

645

Mark to market accounting

SFAS 157

17