U.S. GAAP, Codification of Accounting Standards, ASC - Accounting Standards Codification by FASB

U.S. GAAP Codification of Accounting Standards

U.S. GAAP-Codification

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

U.S. GAAP Codification, Accounting Standards ASC,

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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

International Financial Reporting Standards (IFRS)

IAS 31: Interests in Joint Ventures

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