Gain contingency –> a gain will incur if certain future events occur or not occur Recognition of a gain contingency –> a gain contingency is
Consolidation SFAS 167 amended FIN 46(R) in June 2009 FIN 46(R) revised FIN 46 in December 2003 FIN 46 was issued in January 2003 as
Noncontrolling Interests (NCI) SFAS 160 amended ARB 51 in December 2007 ARB 51 was issued in 1959 SFAS 160, December 2007 “Noncontrolling Interests in Consolidated
Variable Interest Entities (VIE) SFAS 167 amended FIN 46(R) in June 2009 FIN 46(R) revised FIN 46 in December 2003 FIN 46 was issued in
SFAS No. 123R, Revised in December 2004 “Share-Based Payment” Recognition Principle Recognize when goods and services are received. Classification (a) Awards classified as equity (b)
Capitalization of interest SFAS 34, October 1979 “Capitalization of Interest” Qualifying assets for interest capitalization 1. Assets that are constructed or produced –> for the