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The distinction between sales-type and direct financing leases has changed: whereas in ASC 840 the test was whether the fair value of the leased asset was different from the lessor's cost or carrying amount (if so, the lease is a sales-type lease), in ASC 842, any lessor lease that meets the lessee finance lease tests (based on rents and ...
Accounting for Leases: Sale-Leaseback Transactions Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease Term, and Initial Direct Costs of Direct Financing Leases—an amendment of FASB Statements No. 13, 66, and 91 and a rescission of FASB Statement No. 26 and Technical Bulletin No. 79-11: May 1988: 99
Accounting for an Unused Investment Tax Credit—an interpretation of APB Opinions No. 2, 4, 11, and 16 Sept. 1978: Parts deleted; Superseded by FASB Statement 96, para. 203(l), and FASB Statement 109, para. 286(o) 26. Accounting for Purchase of a Leased Asset by the Lessee during the Term of the Lease—an interpretation of FASB Statement No. 13
FASB Issues Standard Clarifying Investment Company Status and Accounting NORWALK, Conn.--(BUSINESS WIRE)-- The Financial Accounting Standards Board (FASB) today issued an Accounting Standards ...
Accounting by Lease Brokers full-text: superseded by FASB Technical Bulletin 86-2 1980 June 30: Accounting in Consolidation for Issuances of a Subsidiary Stock full-text: 1980 July 15: Accounting for the Inability to Fully Recover the Carrying Amounts of Long Lived Assets full-text: superseded by FASB Statement No. 121 1980 August 13
Accounting for leases in financial statements of lessors: Accounting Interpretations of APB Opinion No. 7, Interpretation 1: AIN-APB7: Superseded by FAS 111 1971 November-1972 February: Equity Method of Accounting for investments in common Stock: Accounting Interpretations of APB Opinion No. 18, Interpretations 1-3: AIN-APB18: Amended by FAS 96
The Financial Accounting Standards Board (FASB) publishes and maintains the Accounting Standards Codification (ASC), which is the single source of authoritative nongovernmental U.S. GAAP. [2] The FASB published U.S. GAAP in Extensible Business Reporting Language (XBRL) beginning in 2008.
The FASB established the Investor Task Force (ITF) in 2005, which was an advisory resource that provided the Board with sector expertise and specific insights from the professional investment community on relevant accounting issues. [30] The FASB then implemented SFAS 157 which established new standards for disclosure regarding fair value ...