U.S. GAAP Codification of Accounting Standards

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U.S. GAAP Codification of Accounting Standards
Codification Topic 3
50-30: Intangibles Other than Goodwill


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   Codification Topic 350-30
   Intangibles Other than Goodwill 
 

Intangible Assets
   --> Type 1: Intangible assets with "finite" useful life
   --> Type 2: Intangible assets with "indefinite" useful life

   Intangible assets with "finite" useful life
   --> amortized over useful life

   Intangible assets with "indefinite" useful life
   --> not amortized

Impairment Loss
   All intangible assets
   --> tested for impairment
   --> impaired if (a) < (b)
        (a) carrying amount
        (b) fair value
   --> impairment loss = (b) - (a)

   "Reversal" of impairment loss is not allowed.
   [asc 350-30-35-14, 350-30-35-20]

International Financial Reporting Standards (IFRS) 

   IAS 38: Intangible assets



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   Codification Topic 350
   Intangibles-Goodwill and Other
 
Subtopics of Codification Topic 350
 
   350-10 Overall
   350-20 Goodwill
   350-30 General intangibles other than goodwill
   350-40 Internal-use software
   350-50 Website development costs
 
Accounting Terms of Codification Topic 350-10
 
   Goodwill
   Intangible assets
   Mutual entity
   Not-for-profit entity
 
Accounting Terms of Codification Topic 350-20
 
   Business
   Noncontrolling interest
   Operating segment
   Reporting unit
 
Accounting Terms of Codification Topic 350-30
 
   Defensive intangible asset
   Intangible asset class
   Residual value
   Useful life   
 
Accounting Terms of Codification Topic 350-40
 
   Preliminary project stage   
 
Accounting Terms of Codification Topic 350-50
      


   Other Topics at the Codification 300 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 305: Cash and Cash Equivalents
 
ASC Codification Topic 310: Receivables
 
ASC Codification Topic 320: Investments-Debt and Equity Securities
ASC Codification Topic 323: Investments-Equity Method and Joint Ventures
ASC Codification Topic 325: Investments-Other
 
ASC Codification Topic 330: Inventory
 
ASC Codification Topic 340: Other Assets and Deferred Costs
 
ASC Codification Topic 350: Intangibles-Goodwill and Other
 
ASC Codification Topic 360: Property, Plant, and Equipment


   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

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