Category: U.S. GAAP by Topic

Accounting Rules about Software asc 985-20: Costs of Software to Be Sold, Leased, or Marketed –> SFAS 86, August 1985 –> “Accounting for the Costs

Revenue Recognition ASC 605-25 was updated by ASU 2009-13 –> to reflect the contents of EITF 08-1 EITF Issue No. 08-1 “Revenue Recognition with Multiple

SEC Staff Accounting Bulletin (SAB) No. 104 1. In December 1999: SAB 101 added new Topic 13 to the SAB Codification 2. In December 2003:

Leases   SFAS 13, November 1976 “Accounting for Leases”   Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the

Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term

Leases SFAS 13, November 1976 “Accounting for Leases” Sale-Leaseback 1. Entity A sell a property to Entity B 2. Entity B leases the property to