ASC Topic Numbers Flashcards
Fair value option is what ASC topic number
825
Fair value measurement is what ASC topic number
820
Changing prices is what ASC topic number
255
What ASC topic number covers comprehensive income
220
What ASC topic # discusses Accounting Changes & Error Correction?
250
What ASC Topic # covers extraordinary items
225
What ASC topic # covers inventory
330
What is the ASC topic number for Non-monetary Transactions
845
What ASC topic number is tangible assets?
360
What ASC topic number is intangible assets?
350
What ASC topic number is computer software costs for software that is developed for sale/lease?
985
What ASC topic number is computer software costs for software that is developed for internal use?
350 (intangibles)
What ASC topic number is development stage enterprises
915
What ASC Topic Number is Impairment Loss?
360
What ASC Topic Number is Discontinued Operations
205
What ASC Topic Number covers transfers and servicing of financial assets
860
What ASC topic number is current liabilities?
210
What ASC topic numbers (2) cover the classification of short-term obligations expected to be refinanced
210 & 470
What ASC topic number covers contingencies
450
What ASC topic number covers accounting for asset retirement obligations (environmental liabilities)
410
What ASC Topic number covers when control has been surrendered in a transfer of receivables
860
What is the topic number covers convertible bonds
470
What ASC topic number covers how notes should be valued on financial statements when executed
835
What ASC topic number covers how do you account for the issuance of bonds with detachable warrants
470
What ASC topic number applies to impairment only if the entity elects the fair value option for accounting for debt modification
825
If the fair value option is not used in accounting for impairments what ASC topic number applies
depends on if you are the debtor or creditor
Debtor - 470
Creditor - 310
