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A platform for research: civil engineering, architecture and urbanism
ASC 340 Other Assets and Deferred Costs
Accounting Standards Codification (ASC) 340, Other Assets and Deferred Costs, contains four subtopics: ASC 340‐10, Overall: ASC 340‐20, Capitalized Advertising Costs: ASC 340‐30, Insurance Contracts that Do Not Transfer Insurance Risk: and ASC 340‐40, Contracts with Customers. The guidance in ASC 340‐10 is limited to a discussion of the nature of prepaid expenses and guidance for preproduction costs related to long‐term supply arrangements. ASC 340‐20 provides guidance on the amortization, realizability, and disclosure of direct response advertising costs reported as assets. ASC 340‐30 provides guidance on how to apply the deposit method of accounting when it is required for insurance and reinsurance contracts that do not transfer risk. ASC 340‐40 provides guidance on costs incurred related to a contract with a customer. It also covers amortization of assets arising from costs to obtain or fulfill a contract, and impairment of assets arising from costs to obtain or fulfill a contract.
ASC 340 Other Assets and Deferred Costs
Accounting Standards Codification (ASC) 340, Other Assets and Deferred Costs, contains four subtopics: ASC 340‐10, Overall: ASC 340‐20, Capitalized Advertising Costs: ASC 340‐30, Insurance Contracts that Do Not Transfer Insurance Risk: and ASC 340‐40, Contracts with Customers. The guidance in ASC 340‐10 is limited to a discussion of the nature of prepaid expenses and guidance for preproduction costs related to long‐term supply arrangements. ASC 340‐20 provides guidance on the amortization, realizability, and disclosure of direct response advertising costs reported as assets. ASC 340‐30 provides guidance on how to apply the deposit method of accounting when it is required for insurance and reinsurance contracts that do not transfer risk. ASC 340‐40 provides guidance on costs incurred related to a contract with a customer. It also covers amortization of assets arising from costs to obtain or fulfill a contract, and impairment of assets arising from costs to obtain or fulfill a contract.
ASC 340 Other Assets and Deferred Costs
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2018 ; 391-404
2018-03-12
14 pages
Article/Chapter (Book)
Electronic Resource
English
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