U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification Accounting Standards, ASC


U.S. GAAP Codification Accounting Standards ASC,  
U.S. GAAP by Topic Accounting by Topic

U.S. GAAP Accounting Standards
Codification Topic 323-30:
Investments - Equity Method
Partnerships, Joint Ventures, Limited Liability Entities


Codification Topic 323-30
Investments - Equity Method
Partnerships, Joint Ventures, Limited Liability Entities


Equity method for partnerships and joint ventures

AICPA Accounting Interpretations (AIN) APB 18
" The Equity Method of Accounting for Investments in Common Stock:
Accounting Interpretations of APB Opinion No. 18"

FASB Emerging Issues Task Force (EITF) Issue No. 03-16
"Accounting for Investments in Limited Liability Companies"


General rules and principles of equity method, APB 18, apply to
--> Partnerships
--> Unincorporated joint ventures
--> AIN APB 18

Limited Liability Companies (LLC)
--> Investments in LLC are similar to the investments in limited partnership
--> Equity method rules and principles apply to LLC
--> EITF 03-16




   Codification Topic 323
   Investments-Equity Method and Joint Ventures
 
Subtopics of Codification Topic 323
 
   323-10 Overall
   323-30 Partnerships, Joint Ventures, and Limited Liability Entities
 
Accounting Terms of Codification Topic 323-10
 
   Common stock
   Corporate joint venture
   Dividends
   Earnings or losses of an investee
   In-substance common stock
   Investee
   Investor
   Noncontrolling interest
   Parent
   Significant influence
   Standstill agreement
   Subsidiary   
 
Accounting Terms of Codification Topic 323-30
    



   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

U.S. GAAP by Topic
Accounting Topics

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