Category: U.S. GAAP by Topic

Research and Development Costs SFAS 2, October 1974 “Accounting for Research and Development Costs” General rule for research and development costs Research and development costs

Nonmonetary Transactions APB Opinion 29, May 1973 “Accounting for Nonmonetary Transactions” SFAS 153, December 2004 “Exchanges of Nonmonetary Assets an amendment of APB Opinion No.

Interest related topics 835-20: Capitalization of interest For certain qualifying assets, interest costs are capitalized –> and included in determining the acquisition cost of asset

Interest on Receivables and Payables APB Opinion 21, August 1971 “Interest on Receivables and Payables” Note exchanged for cash 1. Present value of the note

Equity or Liabilities ? SFAS No. 150, May 2003 “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity” FASB Staff Position FAS

–> FSP FAS 157-4, April 2009 Fair Value Measurements when the Markets are not Active FASB Staff Position FAS 157-4, April 2009 “Determining Fair Value