U.S. GAAP Codification of Accounting Standards

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

U.S. GAAP Accounting Standards
Codification Topic 350-30: Intangibles Other than Goodwill 


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 350-30
   Intangibles Other than Goodwill 
 

Intangible Assets
   --> Type 1: Intangible assets with "finite" useful life
   --> Type 2: Intangible assets with "indefinite" useful life

   Intangible assets with "finite" useful life
   --> amortized over useful life

   Intangible assets with "indefinite" useful life
   --> not amortized

Impairment Loss
   All intangible assets
   --> tested for impairment
   --> impaired if (a) < (b)
        (a) carrying amount
        (b) fair value
   --> impairment loss = (b) - (a)

   "Reversal" of impairment loss is not allowed.
   [asc 350-30-35-14, 350-30-35-20]

International Financial Reporting Standards (IFRS) 

   IAS 38: Intangible assets



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   Codification Topic 350
   Intangibles-Goodwill and Other
 
Subtopics of Codification Topic 350
 
   350-10 Overall
   350-20 Goodwill
   350-30 General intangibles other than goodwill
   350-40 Internal-use software
   350-50 Website development costs
 
Accounting Terms of Codification Topic 350-10
 
   Goodwill
   Intangible assets
   Mutual entity
   Not-for-profit entity
 
Accounting Terms of Codification Topic 350-20
 
   Business
   Noncontrolling interest
   Operating segment
   Reporting unit
 
Accounting Terms of Codification Topic 350-30
 
   Defensive intangible asset
   Intangible asset class
   Residual value
   Useful life   
 
Accounting Terms of Codification Topic 350-40
 
   Preliminary project stage   
 
Accounting Terms of Codification Topic 350-50
      
 

 

   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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