Topics, Subtopics, and Sections
The FASB Accounting Standards Codification (ASC or the
"Codification") organizes nongovernmental U.S. GAAP using a
topic-based model consisting of 90 individual Topics. Each Topic contains at
least one Subtopic. Subtopics contain Sections, which include the actual
accounting guidance. Sections are based on the nature of the content (e.g.,
scope, recognition, measurement, etc.) and are standardized throughout the
Codification.
Paragraphs
Each Section includes numbered Paragraphs. Paragraph
numbers start with the Section number followed by the unique paragraph number.
For example, in Section 55 the first paragraph is numbered 55-1. Paragraph
numbers in the Codification will not change going forward. New paragraphs may
result in the FASB using a letter extension in order to keep the numbering
constant. For example, a new paragraph inserted between paragraphs 55-3 and
55-4 would be numbered 55-3A.
Citation Examples
ASC XXX-YY-ZZ-PP
XXX = Topic
YY = Subtopic
ZZ = Section
PP = Paragraph
Citation Format
ASC 210 (Topic 210, "Balance Sheet")
ASC 210-20 (Subtopic 20, "Offsetting," of Topic
210)
ASC 210-20-60 (Section 60, "Relationships," of
Subtopic 210-20)
ASC 210-20-60-5 (Paragraph 60-5 of Section 210-20-60)
New Authoritative
Guidance: New authoritative U.S. GAAP will be communicated via a new FASB
document called an "Accounting Standards Update" (or "ASU"
for short). As the FASB issues new guidance, both the current paragraphs and
the new guidance will be featured in the Codification until the new guidance is
effective for all entities. During this transition, the Codification will mark
the new guidance as "Pending Text" and will link to the related
transition guidance. When the new guidance is effective for all entities, the
previous guidance will be removed and the new guidance will remain.
ASC Topic List
100 General
Principles
105 Generally
Accepted Accounting Principles
200
Presentation
205
Presentation of Financial Statements
210 Balance
Sheet
215 Statement
of Shareholder Equity
220
Comprehensive Income
225 Income
Statement
230 Statement
of Cash Flows
235 Notes to
Financial Statements
250 Accounting Changes and Error
Corrections
255 Changing
Prices
260 Earnings
Per Share
270 Interim
Reporting
272 Limited
Liability Entities
274 Personal
Financial Statements
275 Risks and
Uncertainties
280 Segment
Reporting
300 Assets
305 Cash and
Cash Equivalents
310 Receivables
320
Investments—Debt and Equity Securities
323
Investments—Equity Method and Joint Ventures
325
Investments—Other
330 Inventory
340 Other
Assets and Deferred Costs
350
Intangibles—Goodwill and Other
360 Property,
Plant, and Equipment
400
Liabilities
405 Liabilities
410 Asset Retirement and Environmental
Obligations
420 Exit or
Disposal Cost Obligations
430 Deferred
Revenue
440 Commitments
450
Contingencies
460 Guarantees
470 Debt
480
Distinguishing Liabilities from Equity
500 Equity
505 Equity
600 Revenue
605 Revenue
Recognition
700 Expenses
705 Cost of
Sales and Services
710
Compensation—General
712 Compensation—Nonretirement
Postemployment Benefits
715
Compensation—Retirement Benefits
718
Compensation—Stock Compensation
720 Other
Expenses
730 Research
and Development
740 Income
Taxes
800 Broad
Transactions
805 Business
Combinations
808
Collaborative Arrangements
810
Consolidation
815 Derivatives
and Hedging
820 Fair Value
Measurements and Disclosures
825 Financial
Instruments
830 Foreign
Currency Matters
835 Interest
840 Leases
845 Nonmonetary
Transactions
850 Related
Party Disclosures
852
Reorganizations
855 Subsequent
Events
860 Transfers
and Servicing
900 Industry
905 Agriculture
908 Airlines
910
Contractors—Construction
912
Contractors—Federal Government
915 Development
Stage Entities
920
Entertainment—Broadcasters
922 Entertainment—Cable
Television
924
Entertainment—Casinos
926
Entertainment—Films
928
Entertainment—Music
930 Extractive
Activities—Mining
932 Extractive
Activities—Oil and Gas
940 Financial
Services—Broker and Dealers
942 Financial
Services—Depository and Lending
944 Financial
Services—Insurance
946 Financial
Services—Investment Companies
948 Financial
Services—Mortgage Banking
950 Financial
Services—Title Plant
952 Franchisors
954 Health Care
Entities
958
Not-for-Profit Entities
960 Plan
Accounting—Defined Benefit Pension Plans
962 Plan
Accounting—Defined Contribution Pension Plans
965 Plan Accounting—Health and Welfare
Benefit Plans
970 Real
Estate—General
972 Real Estate—Common Interest Realty
Associations
974 Real
Estate—Real Estate Investment Trusts
976 Real
Estate—Retail Land
978 Real
Estate—Time-Sharing Activities
980 Regulated
Operations
985 Software
995 U.S.
Steamship Entities
ASC Section List
05 Overview and
Background
10 Objectives
15 Scope and
Scope Exceptions
20 Glossary
25 Recognition
30 Initial
Measurement
35 Subsequent
Measurement
40
Derecognition
45 Other
Presentation Matters
50 Disclosure
55
Implementation Guidance and Illustrations
60
Relationships
65 Transition
and Open Effective Date Information
70
Grandfathered Guidance
75 XBRL
Definitions
S99 SEC
Materials
Note: In
addition to Section S99, an "S" preceding any Section number denotes
SEC content. Example: 260-10-S55
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