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 101 9 ASC 255 Changing Prices 121 10 ASC 260 Earnings per Share 125 11 ASC 270 Interim Reporting 159 12 ASC 272 Limited Liability Entities 171 13 ASC 274 Personal Financial Statements 175 14 ASC 275 Risks and Uncertainties 183 15 ASC 280 Segment Reporting 187 16 ASC 310 Receivables 199 17 ASC 320 Investments--Debt Securities 217 18 ASC 321 Investments--Equity Securities 231 19 ASC 323 Investments--Equity Method and Joint Ventures 237 20 ASC 325 Investments--Other 267 21 ASC 326 Financial Instruments--Credit Losses 273 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 379 26 ASC 405 Liabilities 405 27 ASC 410 Asset Retirement and Environmental Obligations 413 28 ASC 420 Exit or Disposal Cost Obligations 433 29 ASC 430 Deferred Revenue and Contract Liabilities 439 30 ASC 440 Commitments 441 31 ASC 450 Contingencies 445 32 ASC 460 Guarantees 453 33 ASC 470 Debt 463 34 ASC 480 Distinguishing Liabilities from Equity 495 35 ASC 505 Equity 509 36 ASC 605 Revenue Recognition 533 37 ASC 606 Revenue from Contracts with Customers 541 38 ASC 610 Other Income 615 39 ASC 705 Cost of Sales and Services 621 40 ASC 710 Compensation--General 625 41 ASC 712 Compensation--Nonretirement Postemployment Benefits 631 42 ASC 715 Compensation--Retirement Benefits 635 43 ASC 718 Compensation--Stock Compensation 677 44 ASC 720 Other Expenses 721 45 ASC 730 Research and Development 729 46 ASC 740 Income Taxes 735 47 ASC 805 Business Combinations 793 48 ASC 808 Collaborative Arrangements 845 49 ASC 810 Consolidations 857 50 ASC 815 Derivatives and Hedging 895 51 ASC 820 Fair Value Measurements 969 52 ASC 825 Financial Instruments 991 53 ASC 830 Foreign Currency Matters 999 54 ASC 832 Government Assistance 1021 55 ASC 835 Interest 1025 56 ASC 842 Leases 1045 57 ASC 845 Nonmonetary Transactions 1081 58 ASC 848 Reference Rate Reform 1093 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 1299 Index 1301.