A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
ASC 340, Other Assets and Deferred Costs, contains four subtopics. The first, ASC 340‐10, Overall, provides guidance on certain deferred costs and prepaid expenses. The second, ASC 340‐20, Capitalized Advertising Costs, provides guidance on the initial measurement, amortization, realizability, and disclosure of direct response advertising costs reported as assets. ASC 340‐30, Insurance Contracts that Do Not Transfer Insurance Risk, 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. The fourth, ASC 340‐40, concerns contracts with customers. Manufacturers often incur preproduction costs related to products and services they will supply to their customers under long‐term arrangements. The supplier may be contractually guaranteed reimbursement of design and development costs, implicitly guaranteed reimbursement of design and development costs through the pricing of the product or other means.
ASC 340, Other Assets and Deferred Costs, contains four subtopics. The first, ASC 340‐10, Overall, provides guidance on certain deferred costs and prepaid expenses. The second, ASC 340‐20, Capitalized Advertising Costs, provides guidance on the initial measurement, amortization, realizability, and disclosure of direct response advertising costs reported as assets. ASC 340‐30, Insurance Contracts that Do Not Transfer Insurance Risk, 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. The fourth, ASC 340‐40, concerns contracts with customers. Manufacturers often incur preproduction costs related to products and services they will supply to their customers under long‐term arrangements. The supplier may be contractually guaranteed reimbursement of design and development costs, implicitly guaranteed reimbursement of design and development costs through the pricing of the product or other means.
ASC 340 OTHER ASSETS AND DEFERRED COSTS
Flood, Joanne M. (editor)
2015-12-02
8 pages
Article/Chapter (Book)
Electronic Resource
English
ASC 340 Other Assets and Deferred Costs
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