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Accounting Standards Update No. 2009-15



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Accounting Standards Update (ASU) No. 2009-15
   
  
Accounting Standards Update (ASU) No. 2009-15
  
   "Accounting for Own-Share Lending Arrangements
      in Contemplation of Convertible Debt Issuance
      or Other Financing"
 
Issued in October 2009
Based on the EITF No. 09-1
 
Codification topic updated
--> 470-20 Debt with conversion and other options
 
Summary of ASU No. 2009-15
 
1. Share-lending arrangement, in contemplation of convertible debt offering, is
    --> measured at fair value at the date of issuance
    and
    --> recognized as an issuance cost
       470-20-25-20A

2. If default of the share-lending arrangement is probable,
    --> expense is recognized
    --> with an offset to additional paid-in capital
    --> Amount of expense = (A) - (B)
         (A) fair value of unreturned shares
         (B) fair value of probable recoveries
       470-20-35-11A

3. In the calculation of basic EPS and diluted EPS,
    --> loaned shares are excluded
    --> unless the arrangement is in default
       470-20-45-2A
 
4. If default of the share-lending arrangement occurs,
    --> loaned shares are included
    --> in the calculation of basic EPS and diluted EPS
       470-20-45-2A
 
    If dividends on loaned shares are not reimbursed by the contract,
    --> dividends on loaned shares are excluded
    --> from "income available for common shareholders"
  
    If loaned shares are participating securities,
    --> participating rights in undistributed earnings are reported separately
    --> two-class method (260-10-45-60B)
       470-20-45-2A
 
 
October 2009
  
Accounting Standards Update (ASU) No. 2009-15 was issued
--> update based on EITF No. 09-1
--> Own-share lending arrangements
--> Codification topic 470-20

Accounting Standards Update (ASU) No. 2009-14 was issued
--> update based on EITF No. 09-3
--> Software revenue
--> Codification topic 985-605

Accounting Standards Update (ASU) No. 2009-13 was issued
--> update based on EITF No. 08-1
--> Multiple-deliverable revenue arrangements
--> Codification topic 605-25   
 


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U.S. GAAP Codification of Accounting Standards
 
Accounting Standards Codification, ASC, Overview
ASC Codification 100: General Principles
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
 
Intermediate Accounting Topics
Advanced Accounting Topics
 
 




U.S. GAAP by Codification Topic 
 
 105  GAAP Hierarchy 
 105  GAAP History 

 205  Presentation of Financial Statements 
 205-20 Discontinued Operations 
 210  Balance Sheet 
 210-20 Offsetting 
 220  Comprehensive Income 
 225  Income Statement 
 225-20 Extraordinary and Unusual Items 
 230  Statement of Cash Flows 
 250  Accounting Changes and Error Corrections 
 260  Earnings per Share 
 270  Interim Reporting
 
 310  Impairment of a Loan
 320  Investment Securities 
 320  Other-Than-Temporary Impairments, FSP FAS 115-2 
 320-10-05 Overview of Investments in Other Entities 
 320-10-35 Reclassification of Investments in Securities
 323-10 Equity Method Investments
 323-30 Investments in Partnerships and Joint Ventures 
 325-20 Cost Method Investments 
 330  Inventory

 340-20 Capitalized Advertising Costs 
 350-20 Goodwill 
 350-30 Intangibles Other than Goodwill 
 350-40 Internal-Use Software 
 350-50 Website Development Costs 
 360  Property, Plant and Equipment
 360-20 Real Estate Sales 
 
 410  Asset Retirement and Environmental Obligations 
 420  Exit or Disposal Cost Obligations 
 450  Contingencies 
 450-20 Loss Contingencies 
 450-30 Gain Contingencies
 480  Redeemable Financial Instruments 

 505-20 Stock Dividends, Stock Splits 
 505-30 Treasury Stock 

 605  SEC Staff Accounting Bulletin, Topic 13 
 605-25 Revenue Recognition - Multiple Element Arrangements 
 
 715-30 Defined Benefit Plans - Pension
 718  Share-Based Payment 
 730  Research and Development 
 730-20 Research and Development Arrangements 

 805  Business Combinations  
 810  Consolidation 
 810  Noncontrolling Interests 
 810  Consolidation of Variable Interest Entities, SFAS 167 
 
 815  Derivatives and Hedging Overview 

 820  Fair Value Measurements  
 820  Fair value when the markets are not active, FSP FAS 157-4
 825  Fair Value Option 

 830  Foreign Currency Matters 
 830-20 Foreign Currency Transactions 
 830-30 Translation of Financial Statements 
 835  Interest 
 835-20 Capitalization of Interest 
 835-30 Imputation of Interest 

 840  Leases 
 840-20 Operating Leases 
 840-30 Capital Leases 
 840-40 Sale-Leaseback Transactions
 845  Nonmonetary Transactions 

 855  Subsequent Events 
 860-20 Sale of Financial Assets, SFAS 166 
 860-50 Servicing Assets and Liabilities, SFAS 156 

 985-20 Costs of software to be sold  
  








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