Preface ix About the Author xiii Codification Taxonomy xv 1 ASC 105 Generally Accepted Accounting Principles 1 2 ASC 205 Presentation of Financial Statements 25 3 ASC 210 Balance Sheet 37 4 ASC 215 Statement of Shareholder Equity 47 5 ASC 220 Income Statement--Reporting Comprehensive Income 49 6 ASC 230 Statement of Cash Flows 65 7 ASC 235 Notes to Financial Statements 89 8 ASC 250 Accounting Changes and Error Corrections 95 9 ASC 255 Changing Prices 115 10 ASC 260 Earnings Per Share 119 11 ASC 270 Interim Reporting 151 12 ASC 272 Limited Liability Entities 163 13 ASC 274 Personal Financial Statements 167 14 ASC 275 Risks and Uncertainties 175 15 ASC 280 Segment Reporting 181 16 ASC 310 Receivables 191 17 ASC 320 Investments--Debt and Equity Securities 231 18 ASC 320 Investments--Debt Securities 255 19 ASC 321 Investments--Equity Securities 275 20 ASC 323 Investments--Equity Method and Joint Ventures 281 21 ASC 325 Investments--Other 317 22 ASC 326 Financial Instruments--Credit Losses 325 23 ASC 330 Inventory 337 24 ASC 340 Other Assets and Deferred Costs 377 25 ASC 350 Intangibles--Goodwill and Other 393 26 ASC 360 Property, Plant, and Equipment 421 27 ASC 405 Liabilities 465 28 ASC 410 Asset Retirement and Environmental Obligations 471 29 ASC 420 Exit or Disposal Cost Obligations 487 30 ASC 430 Deferred Revenue 493 31 ASC 440 Commitments 495 32 ASC 450 Contingencies 499 33 ASC 460 Guarantees 507 34 ASC 470 Debt 519 35 ASC 480 Distinguishing Liabilities from Equity 557 36 ASC 505 Equity 573 37 ASC 605 Revenue Recognition 599 38 ASC 606 Revenue from Contracts with Customers 645 39 ASC 610 Other Income 709 40 ASC 705 Cost of Sales and Services 713 41 ASC 710 Compensation--General 715 42 ASC 712 Compensation--Nonretirement Postemployment Benefits 721 43 ASC 715 Compensation--Retirement Benefits 723 44 ASC 718 Compensation--Stock Compensation 765 45 ASC 720 Other Expenses 799 46 ASC 730 Research and Development 805 47 ASC 740 Income Taxes 811 48 ASC 805 Business Combinations 865 49 ASC 808 Collaborative Arrangements 913 50 ASC 810 Consolidations 923 51 ASC 815 Derivatives and Hedging 961 52 ASC 820 Fair Value Measurements 1021 53 ASC 825 Financial Instruments 1041 54 ASC 830 Foreign Currency Matters 1047 55 ASC 835 Interest 1067 56 ASC 840 Leases 1085 57 ASC 842 Leases 1151 58 ASC 845 Nonmonetary Transactions 1165 59 ASC 850 Related-Party Disclosures 1179 60 ASC 852 Reorganizations 1181 61 ASC 853 Service Concession Arrangements 1185 62 ASC 855 Subsequent Events 1187 63 ASC 860 Transfers and Servicing 1189 64 ASC 900S Specialized Industry GAAP 1221 Appendix A: Definitions of Terms 1335 Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1369 Index 1371.