Joanne M. Flood, CPA, has experience as an auditor in an international firm and a small firm plus twenty years of experience at the AICPA managing, developing, and writing accounting and auditing training materials. She pioneered the AICPA’s e-learning product line and spearheaded the development of the AICPA online IFRS Certificate Program.

• Preface ixAbout the Author xi1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 53 ASC 210 Balance Sheet 274 ASC 215 Statement of Shareholder Equity 455 ASC 220 Income Statement—Reporting Comprehensive Income 476 ASC 230, Statement of Cash Flows 637 ASC 235 Notes to Financial Statements 778 ASC 250 Accounting Changes and Error Corrections 999 ASC 255 Changing Prices 12110 ASC 260 Earnings Per Share 12511 ASC 270 Interim Reporting 13912 ASC 272 Limited Liability Entities 14913 ASC 274 Personal Financial Statements 15314 ASC 275 Risks and Uncertainties 15915 ASC 280 Segment Reporting 16916 ASC 310 Receivables 17717 ASC 320 Investments—Debt Securities 19518 ASC 321 Investments—Equity Securities 20919 ASC 323 Investments—Equity Method and Joint Ventures 21720 ASC 325 Investments—Other 23121 ASC 326 Financial Instruments—Credit Losses 23922 ASC 330 Inventory 25123 ASC 340 Other Assets and Deferred Costs 26124 ASC 350 Intangibles—Goodwill and Other 26925 ASC 360 Property, Plant, and Equipment 29126 ASC 405 Liabilities 30327 ASC 410 Asset Retirement and Environmental Obligations 30928 ASC 420 Exit or Disposal Cost Obligations 32329 ASC 430 Deferred Revenue and Contract Liabilities 33130 ASC 440 Commitments 33331 ASC 450 Contingencies 33932 ASC 460 Guarantees 34933 ASC 470 Debt 35934 ASC 480 Distinguishing Liabilities from Equity 37735 ASC 505 Equity 38736 ASC 605 Revenue Recognition 40937 ASC 606 Revenue from Contracts with Customers 41138 ASC 610 Other Income 44339 ASC 705 Cost of Sales and Services 44940 ASC 710 Compensation—General 45141 ASC 712 Compensation—Nonretirement Postemployment Benefits 45742 ASC 715 Compensation—Retirement Benefits 45943 ASC 718 Compensation—Stock Compensation 48944 ASC 720 Other Expenses 49945 ASC 730 Research and Development 50746 ASC 740 Income Taxes 51347 ASC 805 Business Combinations 52948 ASC 808 Collaborative Arrangements 55149 ASC 810 Consolidations 56350 ASC 815 Derivatives and Hedging 58751 ASC 820 Fair Value Measurement 61952 ASC 825 Financial Instruments 62753 ASC 830 Foreign Currency Matters 64154 ASC 835 Interest 64955 ASC 840 Leases 65756 ASC 842 Leases 66557 ASC 845 Nonmonetary Transactions 68558 ASC 848 Reference Rate Reform 69159 ASC 850 Related-Party Disclosures 69960 ASC 852 Reorganizations 70761 ASC 853 Service Concession Arrangements 72962 ASC 855 Subsequent Events 73363 ASC 860 Transfers and Servicing 739Index 751

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Joanne M. Flood, CPA, has experience as an auditor in an international firm and a small firm plus twenty years of experience at the AICPA managing, developing, and writing accounting and auditing training materials. She pioneered the AICPA’s e-learning product line and spearheaded the development of the AICPA online IFRS Certificate Program.

• Preface ixAbout the Author xi1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 53 ASC 210 Balance Sheet 274 ASC 215 Statement of Shareholder Equity 455 ASC 220 Income Statement—Reporting Comprehensive Income 476 ASC 230, Statement of Cash Flows 637 ASC 235 Notes to Financial Statements 778 ASC 250 Accounting Changes and Error Corrections 999 ASC 255 Changing Prices 12110 ASC 260 Earnings Per Share 12511 ASC 270 Interim Reporting 13912 ASC 272 Limited Liability Entities 14913 ASC 274 Personal Financial Statements 15314 ASC 275 Risks and Uncertainties 15915 ASC 280 Segment Reporting 16916 ASC 310 Receivables 17717 ASC 320 Investments—Debt Securities 19518 ASC 321 Investments—Equity Securities 20919 ASC 323 Investments—Equity Method and Joint Ventures 21720 ASC 325 Investments—Other 23121 ASC 326 Financial Instruments—Credit Losses 23922 ASC 330 Inventory 25123 ASC 340 Other Assets and Deferred Costs 26124 ASC 350 Intangibles—Goodwill and Other 26925 ASC 360 Property, Plant, and Equipment 29126 ASC 405 Liabilities 30327 ASC 410 Asset Retirement and Environmental Obligations 30928 ASC 420 Exit or Disposal Cost Obligations 32329 ASC 430 Deferred Revenue and Contract Liabilities 33130 ASC 440 Commitments 33331 ASC 450 Contingencies 33932 ASC 460 Guarantees 34933 ASC 470 Debt 35934 ASC 480 Distinguishing Liabilities from Equity 37735 ASC 505 Equity 38736 ASC 605 Revenue Recognition 40937 ASC 606 Revenue from Contracts with Customers 41138 ASC 610 Other Income 44339 ASC 705 Cost of Sales and Services 44940 ASC 710 Compensation—General 45141 ASC 712 Compensation—Nonretirement Postemployment Benefits 45742 ASC 715 Compensation—Retirement Benefits 45943 ASC 718 Compensation—Stock Compensation 48944 ASC 720 Other Expenses 49945 ASC 730 Research and Development 50746 ASC 740 Income Taxes 51347 ASC 805 Business Combinations 52948 ASC 808 Collaborative Arrangements 55149 ASC 810 Consolidations 56350 ASC 815 Derivatives and Hedging 58751 ASC 820 Fair Value Measurement 61952 ASC 825 Financial Instruments 62753 ASC 830 Foreign Currency Matters 64154 ASC 835 Interest 64955 ASC 840 Leases 65756 ASC 842 Leases 66557 ASC 845 Nonmonetary Transactions 68558 ASC 848 Reference Rate Reform 69159 ASC 850 Related-Party Disclosures 69960 ASC 852 Reorganizations 70761 ASC 853 Service Concession Arrangements 72962 ASC 855 Subsequent Events 73363 ASC 860 Transfers and Servicing 739Index 751

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Joanne M. Flood, CPA, has experience as an auditor in an international firm and a small firm plus twenty years of experience at the AICPA managing, developing, and writing accounting and auditing training materials. She pioneered the AICPA’s e-learning product line and spearheaded the development of the AICPA online IFRS Certificate Program.

• Preface ixAbout the Author xi1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 53 ASC 210 Balance Sheet 274 ASC 215 Statement of Shareholder Equity 455 ASC 220 Income Statement—Reporting Comprehensive Income 476 ASC 230, Statement of Cash Flows 637 ASC 235 Notes to Financial Statements 778 ASC 250 Accounting Changes and Error Corrections 999 ASC 255 Changing Prices 12110 ASC 260 Earnings Per Share 12511 ASC 270 Interim Reporting 13912 ASC 272 Limited Liability Entities 14913 ASC 274 Personal Financial Statements 15314 ASC 275 Risks and Uncertainties 15915 ASC 280 Segment Reporting 16916 ASC 310 Receivables 17717 ASC 320 Investments—Debt Securities 19518 ASC 321 Investments—Equity Securities 20919 ASC 323 Investments—Equity Method and Joint Ventures 21720 ASC 325 Investments—Other 23121 ASC 326 Financial Instruments—Credit Losses 23922 ASC 330 Inventory 25123 ASC 340 Other Assets and Deferred Costs 26124 ASC 350 Intangibles—Goodwill and Other 26925 ASC 360 Property, Plant, and Equipment 29126 ASC 405 Liabilities 30327 ASC 410 Asset Retirement and Environmental Obligations 30928 ASC 420 Exit or Disposal Cost Obligations 32329 ASC 430 Deferred Revenue and Contract Liabilities 33130 ASC 440 Commitments 33331 ASC 450 Contingencies 33932 ASC 460 Guarantees 34933 ASC 470 Debt 35934 ASC 480 Distinguishing Liabilities from Equity 37735 ASC 505 Equity 38736 ASC 605 Revenue Recognition 40937 ASC 606 Revenue from Contracts with Customers 41138 ASC 610 Other Income 44339 ASC 705 Cost of Sales and Services 44940 ASC 710 Compensation—General 45141 ASC 712 Compensation—Nonretirement Postemployment Benefits 45742 ASC 715 Compensation—Retirement Benefits 45943 ASC 718 Compensation—Stock Compensation 48944 ASC 720 Other Expenses 49945 ASC 730 Research and Development 50746 ASC 740 Income Taxes 51347 ASC 805 Business Combinations 52948 ASC 808 Collaborative Arrangements 55149 ASC 810 Consolidations 56350 ASC 815 Derivatives and Hedging 58751 ASC 820 Fair Value Measurement 61952 ASC 825 Financial Instruments 62753 ASC 830 Foreign Currency Matters 64154 ASC 835 Interest 64955 ASC 840 Leases 65756 ASC 842 Leases 66557 ASC 845 Nonmonetary Transactions 68558 ASC 848 Reference Rate Reform 69159 ASC 850 Related-Party Disclosures 69960 ASC 852 Reorganizations 70761 ASC 853 Service Concession Arrangements 72962 ASC 855 Subsequent Events 73363 ASC 860 Transfers and Servicing 739Index 751

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