A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This chapter addresses general financial statement presentation guidance included in the following: FASB ASC 210, FASB ASC 220, and FASB ASC 230. It helps the reader to identify the requirements in FASB ASC 210, Balance Sheet, identify the requirements in FASB ASC 220, Income Statement–Reporting Comprehensive Income, and identify the requirements in FASB ASC 230, Statement of Cash Flows. FASB ASC 210‐20 addresses transactions that may involve master netting agreements between parties, which include repurchase agreements accounted for as collateralized borrowings and reverse repurchase agreements accounted for as collateralized borrowings (which represent collateralized borrowing and lending transactions). FASB believes cash flow information — when used with related disclosures — and information in the other financial statements should help users to assess an entity's ability to generate positive future net cash flows from operations, to meet its obligations, and to pay dividends.
This chapter addresses general financial statement presentation guidance included in the following: FASB ASC 210, FASB ASC 220, and FASB ASC 230. It helps the reader to identify the requirements in FASB ASC 210, Balance Sheet, identify the requirements in FASB ASC 220, Income Statement–Reporting Comprehensive Income, and identify the requirements in FASB ASC 230, Statement of Cash Flows. FASB ASC 210‐20 addresses transactions that may involve master netting agreements between parties, which include repurchase agreements accounted for as collateralized borrowings and reverse repurchase agreements accounted for as collateralized borrowings (which represent collateralized borrowing and lending transactions). FASB believes cash flow information — when used with related disclosures — and information in the other financial statements should help users to assess an entity's ability to generate positive future net cash flows from operations, to meet its obligations, and to pay dividends.
The Financial Statements
Rampulla, Renee (author)
Common U.S. GAAP Issues Facing Accountants ; 12‐1-12‐17
2020-07-21
17 pages
Article/Chapter (Book)
Electronic Resource
English
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