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

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U.S. GAAP Codification of Accounting Standards
Codification Topic 505-30: Treasury Stock

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Codification Topic 505-30
Treasury Stock

Treasury Stock
Entity's own outstanding shares
--> repurchased by the entity

Presentation of treasury stock
Cost of treasury stock is not reported as an asset
Cost of treasury stock is reported as a deduction from "equity"

Gain or loss on sale of treasury stock

1. Gain is credited to "additional paid-in capital"

2. Loss is first charged to "previous gain" from sale of treasury stock of same class
--> The remaining loss is charged to "retained earnings"

International Financial Reporting Standards (IFRS)

IAS 1: Presentation of financial statements

Codification Topic 505
Equity

Subtopics of Codification Topic 505

   505-10 Overall
   505-20 Stock dividends and stock splits
   505-30 Treasury stock
   505-50 Equity-based payments to non-employees
   505-60 Spinoffs and reverse spinoffs

Accounting Terms of Codification Topic 505-10

   Participation rights
   Preferred stock
   Security

Accounting Terms of Codification Topic 505-20

Stock dividend
Stock split

Accounting Terms of Codification Topic 505-30

Accounting Terms of Codification Topic 505-50

   Counterparty performance conditions
   Employee
   Fair value
   Market conditions
   Reload feature and reload option
   Share-based payment transactions
   Terms of a share-based payment award

Accounting Terms of Codification Topic 505-60

   Asset group
   Business
   Claim
   Component of an entity
   Operating segment
   Reporting unit
   Reverse spinoff
   Spinoff

Other Topics at the Codification 500

Accounting Standards Codification, ASC, Overview

ASC Codification Topic 505: Equity

Topic 505 is the only topic at the 500 level.

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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