U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification IFRS International Standards Accounting Standards, ASC

U.S. GAAP Accounting Standards
Codification Topic 225: Income Statement


Principles of Accounting Intermediate Financial AccountingU.S. GAAP Textbook
IFRS,  IFRS Dictionary IFRS U.S. GAAP Comparison IFRS Texbook
Securities Law Library,  Accounting by Topic Accounting Terms Dictionary


Codification Topic 225
Income Statement



Income attributable to the noncontrolling interest

SFAS 160, December 2007
"Noncontrolling Interests in Consolidated Financial Statements
an Amendment of ARB No. 51"

ARB 51, August 1959
"Consolidated Financial Statements"

1. SFAS 160 amended ARB No. 51

2. On the face of the consolidated financial statements
--> report (A1) and (A2) separately
(A1) Consolidated net income attributable to the parent
(A2) Consolidated net income attributable to the noncontrolling interest

3. On the face of the consolidated financial statements
--> report (B1) and (B2) separately
(B1) Consolidated comprehensive income attributable to the parent
(B2) Consolidated comprehensive income attributable to the noncontrolling interest

4. SFAS 160, Transition
The requirements for presentation and disclosure are
--> applied "retrospectively"
--> for all periods presented

4a. Consolidated net income is adjusted
--> to include net income attributed to the noncontrolling interest

4b. Consolidated comprehensive income is adjusted
--> to include comprehensive income attributed to the noncontrolling interest

4c. Noncontrolling interest is reclassified
--> to equity


Line items of income statement

Regulation S-X: 17 CFR Part 210
Rule 5-03: Income Statements

1. Net sales
2. Cost of sales
3. Selling, general and administrative (SG&A) expenses
4. Provisions for doubtful accounts
5. Non-operating income
6. Interest income and interest expense
7. Non-operating expenses
8. Income before income taxes
9. Income taxes
10. Earnings on equity investments
11. Income from continuing operations
12. Discontinued operations
13. Income before extraordinary items
14. Extraordinary items, net of income tax
15. Net income
16. Net income attributable to the noncontrolling interest
17. Net income attributable to the controlling interest
18. Earnings per share (Basic EPS and Diluted EPS)


International Financial Reporting Standards (IFRS)

   IAS 1: Presentation of Financial Statements


50 Questions on
   Accounting Journal Entries
   2012 Edition for iPhone and iPad
Create your own eBooks
   from iPhone and iPad
   (for iBooks and Kindle)




   Codification Topic 225
   Income Statement
 
Subtopics of Codification Topic 225
 
   225-10 Overall
   225-20 Extraordinary and unusual items
   225-30 Business interruption insurance   
 
Accounting Terms of Codification Topic 225-20
 
   Business interruption insurance
   Extraordinary items
   Infrequency of occurrence
   Unusual nature   
 
Accounting Terms of Codification Topic 225-30
 
   Gross margin



   Other Topics at the Codification 200 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 205: Presentation of Financial Statements
 
ASC Codification Topic 210: Balance Sheet
ASC Codification Topic 215: Statement of Shareholder Equity
 
ASC Codification Topic 220: Comprehensive Income
ASC Codification Topic 225: Income Statement
 
ASC Codification Topic 230: Statement of Cash Flows
ASC Codification Topic 235: Notes to Financial Statements
 
ASC Codification Topic 250: Accounting Changes and Error Corrections
ASC Codification Topic 255: Changing Prices
 
ASC Codification Topic 260: Earnings per Share
 
ASC Codification Topic 270: Interim Reporting
ASC Codification Topic 272: Limited Liability Entities
ASC Codification Topic 274: Personal Financial Statements
ASC Codification Topic 275: Risks and Uncertainties
 
ASC Codification Topic 280: Segment Reporting


   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

IFRS, IAS by Topic
U.S. GAAP by Topic
Accounting Topics








Copyright © CPAClass.comTM  All Rights Reserved.