Lower of Cost or Market (LCM) 1. At the end of each period, inventory is measured at the lower of … More

Initial measurement of property, plant and equipment 1. Measured at cost 2. Cost includes (A) (A) all costs necessary to … More

Real Estate Sales SFAS 66, October 1982 “Accounting for Sales of Real Estates” FASB Interpretation (FIN) 43, June 1999 “Real … More

Intangible Assets –> Type 1: Intangible assets with “finite” useful life –> Type 2: Intangible assets with “indefinite” useful life … More

Derivatives and Hedging SFAS 133, June 1988 “Accounting for Derivative Instruments and Hedging Activities” Derivatives 1. Derivative instruments are recognized … More

Research and Development Arrangements SFAS 68, October 1982 “Research and Development Arrangements” Research and development arrangements Research and development is … More