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 91 8 ASC 250 Accounting Changes and Error Corrections 97 9 ASC 255 Changing Prices 117 10 ASC 260 Earnings Per Share 121 11 ASC 270 Interim Reporting 155 12 ASC 272 Limited Liability Entities 167 13 ASC 274 Personal Financial Statements 171 14 ASC 275 Risks and Uncertainties 179 15 ASC 280 Segment Reporting 183 16 ASC 310 Receivables 195 17 ASC 320 Investments--Debt Securities 213 18 ASC 321 Investments--Equity Securities 229 19 ASC 323 Investments--Equity Method and Joint Ventures 235 20 ASC 325 Investments--Other 267 21 ASC 326 Financial Instruments--Credit Losses 275 22 ASC 330 Inventory 289 23 ASC 340 Other Assets and Deferred Costs 329 24 ASC 350 Intangibles--Goodwill and Other 343 25 ASC 360 Property, Plant, and Equipment 375 26 ASC 405 Liabilities 401 27 ASC 410 Asset Retirement and Environmental Obligations 409 28 ASC 420 Exit or Disposal Cost Obligations 429 29 ASC 430 Deferred Revenue and Contract Liabilities 435 30 ASC 440 Commitments 437 31 ASC 450 Contingencies 441 32 ASC 460 Guarantees 449 33 ASC 470 Debt 461 34 ASC 480 Distinguishing Liabilities from Equity 501 35 ASC 505 Equity 517 36 ASC 605 Revenue Recognition 539 37 ASC 606 Revenue from Contracts with Customers 547 38 ASC 610 Other Income 619 39 ASC 705 Cost of Sales and Services 623 40 ASC 710 Compensation--General 627 41 ASC 712 Compensation--Nonretirement Post- Employment Benefits 633 42 ASC 715 Compensation--Retirement Benefits 635 43 ASC 718 Compensation--Stock Compensation 677 44 ASC 720 Other Expenses 719 45 ASC 730 Research and Development 727 46 ASC 740 Income Taxes 733 47 ASC 805 Business Combinations 789 48 ASC 808 Collaborative Arrangements 837 49 ASC 810 Consolidations 849 50 ASC 815 Derivatives and Hedging 887 51 ASC 820 Fair Value Measurements 963 52 ASC 825 Financial Instruments 985 53 ASC 830 Foreign Currency Matters 993 54 ASC 832 Government Asssistance 1015 55 ASC 835 Interest 1019 56 ASC 842 Leases 1039 57 ASC 845 Nonmonetary Transactions 1075 58 ASC 848 Reference Rate Reform 1087 59 ASC 850 Related Party Disclosures 1099 60 ASC 852 Reorganizations 1103 61 ASC 853 Service Concession Arrangements 1109 62 ASC 855 Subsequent Events 1111 63 ASC 860 Transfers and Servicing 1115 64 ASC 900s Specialized Industry GAAP 1151 Appendix A: Definitions of Terms 1255 Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1297 Index 1299.