Wiley GAAP 2025

Joanne M. Flood, MBA, CPA, has worked with small business and large enterprise clients. She has experience in a Big 4 international firm and a small firm. Formerly a senior manager in the AICP's Professional Development Group, Joanne has produced training materials on accounting in a wide variety of media.

• Preface ixAbout the Author xiCodification Taxonomy xiii1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 273 ASC 210 Balance Sheet 394 ASC 215 Statement of Shareholder Equity 495 ASC 220 Income Statement— Reporting Comprehensive Income 516 ASC 230 Statement of Cash Flows 677 ASC 235 Notes to Financial Statements 918 ASC 250 Accounting Changes and Error Corrections 999 ASC 255 Changing Prices 11910 ASC 260 Earnings per Share 12311 ASC 270 Interim Reporting 15712 ASC 272 Limited Liability Entities 16913 ASC 274 Personal Financial Statements 17314 ASC 275 Risks and Uncertainties 18115 ASC 280 Segment Reporting 18516 ASC 310 Receivables 19717 ASC 320 Investments— Debt Securities 21518 ASC 321 Investments— Equity Securities 22919 ASC 323 Investments— Equity Method and Joint Ventures 23520 ASC 325 Investments— Other 26721 ASC 326 Financial Instruments— Credit Losses 27322 ASC 330 Inventory 28723 ASC 340 Other Assets and Deferred Costs 32724 ASC 350 Intangibles— Goodwill and Other 34125 ASC 360 Property, Plant, and Equipment 37526 ASC 405 Liabilities 40327 ASC 410 Asset Retirement and Environmental Obligations 41128 ASC 420 Exit or Disposal Cost Obligations 43129 ASC 430 Deferred Revenue and Contract Liabilities 43730 ASC 440 Commitments 43931 ASC 450 Contingencies 44332 ASC 460 Guarantees 45133 ASC 470 Debt 46134 ASC 480 Distinguishing Liabilities from Equity 49335 ASC 505 Equity 50736 ASC 605 Revenue Recognition 52937 ASC 606 Revenue from Contracts with Customers 53738 ASC 610 Other Income 60939 ASC 705 Cost of Sales and Services 61340 ASC 710 Compensation— General 61741 ASC 712 Compensation— Nonretirement Post- Employment Benefits 62342 ASC 715 Compensation— Retirement Benefits 62743 ASC 718 Compensation— Stock Compensation 66944 ASC 720 Other Expenses 71345 ASC 730 Research and Development 72146 ASC 740 Income Taxes 72747 ASC 805 Business Combinations 78348 ASC 808 Collaborative Arrangements 83549 ASC 810 Consolidations 84750 ASC 815 Derivatives and Hedging 88551 ASC 820 Fair Value Measurements 95952 ASC 825 Financial Instruments 98153 ASC 830 Foreign Currency Matters 98954 ASC 832 Government Asssistance 101155 ASC 835 Interest 101556 ASC 842 Leases 103557 ASC 845 Nonmonetary Transactions 107158 ASC 848 Reference Rate Reform 108359 ASC 850 Related Party Disclosures 109560 ASC 852 Reorganizations 109961 ASC 853 Service Concession Arrangements 110562 ASC 855 Subsequent Events 110763 ASC 860 Transfers and Servicing 111164 ASC 900s Specialized Industry GAAP 1147Appendix A: Definitions of Terms 1251Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1293Index 1295