U.S. GAAP Codification of Accounting Standards

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


U.S. GAAP 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


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   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

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