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 69 7 ASC 235 Notes to Financial Statements 93 8 ASC 250 Accounting Changes and Error Corrections 99 9 ASC 255 Changing Prices 119 10 ASC 260 Earnings per Share 123 11 ASC 270 Interim Reporting 157 12 ASC 272 Limited Liability Entities 169 13 ASC 274 Personal Financial Statements 173 14 ASC 275 Risks and Uncertainties 181 15 ASC 280 Segment Reporting 187 16 ASC 310 Receivables 197 17 ASC 320 Investments--Debt Securities 243 18 ASC 321 Investments--Equity Securities 265 19 ASC 323 Investments--Equity Method and Joint Ventures 271 20 ASC 325 Investments--Other 307 21 ASC 326 Financial Instruments--Credit Losses 315 22 ASC 330 Inventory 333 23 ASC 340 Other Assets and Deferred Costs 375 24 ASC 350 Intangibles--Goodwill and Other 389 25 ASC 360 Property, Plant, and Equipment 423 26 ASC 405 Liabilities 471 27 ASC 410 Asset Retirement and Environmental Obligations 477 28 ASC 420 Exit or Disposal Cost Obligations 495 29 ASC 430 Deferred Revenue and Contract Liabilities 501 30 ASC 440 Commitments 503 31 ASC 450 Contingencies 507 32 ASC 460 Guarantees 515 33 ASC 470 Debt 527 34 ASC 480 Distinguishing Liabilities from Equity 567 35 ASC 505 Equity 583 36 ASC 605 Revenue Recognition 605 37 ASC 606 Revenue from Contracts with Customers 609 38 ASC 610 Other Income 681 39 ASC 705 Cost of Sales and Services 685 40 ASC 710 Compensation--General 689 41 ASC 712 Compensation--Nonretirement Post-Employment Benefits 695 42 ASC 715 Compensation--Retirement Benefits 697 43 ASC 718 Compensation--Stock Compensation 739 44 ASC 720 Other Expenses 777 45 ASC 730 Research and Development 785 46 ASC 740 Income Taxes 791 47 ASC 805 Business Combinations 843 48 ASC 808 Collaborative Arrangements 889 49 ASC 810 Consolidations 901 50 ASC 815 Derivatives and Hedging 941 51 ASC 820 Fair Value Measurements 1013 52 ASC 825 Financial Instruments 1031 53 ASC 830 Foreign Currency Matters 1037 54 ASC 835 Interest 1057 55 ASC 840 Leases 1075 56 ASC 842 Leases 1141 57 ASC 845 Nonmonetary Transactions 1157 58 ASC 848 Reference Rate Reform 1169 59 ASC 850 Related-Party Disclosures 1177 60 ASC 852 Reorganizations 1179 61 ASC 853 Service Concession Arrangements 1183 62 ASC 855 Subsequent Events 1185 63 ASC 860 Transfers and Servicing 1187 64 ASC 900s Specialized Industry GAAP 1221 Appendix A: Definitions of Terms 1313 Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1351 Index 1353.