Navigating the New FASB Codification:Research Real Life Accounting Issues

• Chapter 1
  • A New Era in GAAP
  • Learning Objectives
  • Introduction
  • The Codification
    • What Does the Codification Do?
    • What Doesn’t the Codification Do?
    • What Does the Codification Contain?
    • What Is Not Included In the Codification
    • Standard Setting in the Future
    • History
    • How Did We Get Here?
    • GAAP Hierarchy
  • SEC Study on the Adoption of - Principles-Based Accounting System
    • SEC Staff Conclusions and Recommendations
    • FASB’S Response to the SEC Study
    • Format and Content of Standards
  • Conceptual Framework
    • Use of the Concepts Statements
    • Preliminary Views
  • Convergence Project
    • Reaffirmation of the Agreement
  • Summary
  • Appendix 1A - Summary of Specific Requests for Feedback
    • Amendments to Existing Standards Reflected Only in the Codification
  • Questions
• Chapter 2
  • The Codification
  • Learning Objectives
  • Introduction
  • The FASB Accounting Standards Codification
    • Why Pursue - Codification?
    • The Beginning
    • Development of the Codification
  • Content Issues
    • Overlapping or Intersecting Content
    • Editorial Standards and Style
    • Specific Content Matters
    • General Codification Matters
  • Structure of the Codification
    • Topics
    • Subtopics
    • Sections
    • Classification Codes
    • Subsections
    • Paragraph Groups
    • Paragraphs
    • Codification Research System
    • Printer Friendly and Printer Friendly with Sources
    • Industry
    • Joining and Combining Content
  • Summary
  • Questions
• Chapter 3
  • Issues from the Hotline
  • Learning Objectives
  • Introduction
  • Researching Using the Codification Research System
    • Browse by Topic
    • Search
    • Go To
    • Cross Reference
  • SFAS 157
    • Standards from the FASB
    • Finding Standards in the Codification
  • Types of Expenses to Capitalize
    • Section 985-20-25, Recognition
    • Inventory Costs
    • 985-330-25 Recognition
    • 985-330-40 Derecognition
    • 730-10 Research and Development
    • Conclusion
    • Capitalized Costs
  • Disclosure of Contingent Liability
    • 958 Not-for-Profit Entities 450 Contingencies
    • 450-20 Loss Contingencies
    • 450-20-25 Recognition
    • Disclosure
    • Conclusion
  • Debt Extinguishment
    • Topic 405 Liabilities
    • Topic 470 Debt
    • Conclusion
  • Summary
  • Questions
• Chapter 4
  • GAAP Departures Issues
  • Learning Objectives
  • Introduction
  • Securities and Exchange Commission Report Pursuant to Section 704 of the Sarbanes-Oxley Act of 2002
  • Report on the PCAOB’s 2004, 2005, and 2006 Inspections of Domestic Triennially Inspected Firms
  • Codification Reminders
    • Coding System
    • Classification Codes
    • Navigation Tools
  • The Basics of Revenue Recognition
    • Buford, Levy, - Mills, LLC
    • Basics of Revenue Recognition
    • Additional Sections
    • Printer Friendly with Source
    • Consignment Sales
    • Search
    • Question 2
    • Multiple-Elements
    • Examples
    • Join Sections
    • Expenses
    • 705 Cost of Sales and Services
    • Combine Sections
    • Cross Reference
    • Summary
  • Questions
• Chapter 5
  • Ethics Focus: Accounting and Auditing
    • Ethics Overview
    • Recent Developments
    • Spotlight on Independence
    • Key Ethical Dilemmas
    • Addressing Ethical Dilemmas
    • Available Resources
• Chapter 6 - Latest Developments
• Appendix A -FASB Accounting Standards Codification™

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