Accounting Tip of the Day: New ASU 2011-04 on Fair Value

Posted by Teresa Bockwoldton May 18, 2011

 Our friends at BPM sent us this alert today regarding an Accounting Standards Update (ASU) 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS and we felt our readers should know about this.  Here is a snippet:

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Tags: Accounting Tip of the Day, Codification tools

Will Internal Controls be Weakened by Codification?

Posted by Teresa Bockwoldton April 21, 2010

"Could Codification Weaken Internal Controls?  Maybe.  And here's what you can do to mitigate the effect on your accounting policies, disclosures, and error detection.

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, 404, Controls Testing, Codification tools

Codification Tools: FAS 123(R) ASC 718 Compensation Information

Posted by Teresa Bockwoldton February 28, 2010

We have just posted a significant amount of FAS 123(R) ASC 718 Compensation - Stock Compensation codification cross reference information to our Codification Tools page. 

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Tags: Compliance tools, Controls Testing, Sarbanes-Oxley Training, compliance, Sarbanes-Oxley, Codification tools

Compliance Tools: Still More Codification Cheat Sheet Information

Posted by Teresa Bockwoldton February 18, 2010

Here is more codification information from the FASB Accounting Standards.  Please verify the accuracy of this information prior to relying on it. 

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Tags: Compliance tools, Controls Testing, Sarbanes-Oxley Training, compliance, Sarbanes-Oxley, Codification tools

Compliance Tools: Even More Codification Cheat Sheet Information

Posted by Teresa Bockwoldton February 18, 2010

DERIVATIVES

Accounting Standards

FASB Codification

Definition

FAS 133, par. 6, 9

FSPEITF 00-19-2

ASC 815-10-15

ASC 825-20

Scope exceptions

FAS 133, par. 10

FAS 133, par. 11a

EITF 07-5

EITF 00-19

DIG A6

DIG A10

DIG A12

DIG C12

ASC 815-10-15

ASC 815-10-15-74

ASC 815-40-15

ASC 815-40

ASC 815-10-55

ASC 815-10-15

ASC 815-10-55-99 thru 110

ASC 815-10-15-39

Embedded Derivatives

FAS 133, par. 12, 13, 61

DIG B16

 

DIG B38

DIG B39

EITF D-109

ASC 815-15-25

ASC 815-15-25-42 thru 43, and 815-15-55-13

ASC 815-10-15-107 thru 109

ASC 815-15-25-37 thru 39, and 815-15-55-25

ASC 815-10-S99-3

HEDGING

Accounting Standard

FASB Codification

Eligibility/ Designation

DIG G2

DIG G13

FAS 133, par. 20c, 28c

FAS 133, par. 29

FAS 133, par. 32

FAS 133, par. 40a

ASC 815-20-55-111 Example 8

ASC 815-20-55-88 Example 4

ASC 815-20-25-94

ASC 815-20-25-15

ASC 815-30-40-1 thru 3

ASC 815-20-25-61

Hedge effectiveness and ineffectiveness

FAS 133, par. 68

DIG G20

FAS 133, par. 120c

FAS 138 FV Example

DIG G7 Method 1

DIG G7 Method 2

DIG G7 Method 3

DIG H8

DIG E7

ASC 815-20-25-102 thru 117

ASC 815-20-25-126, 55-209, and 35-33

ASC 815-25-55-53 Example 9

ASC 815-25-55-72 Example 11

ASC 815-30-35-16

ASC 815-30-35-25

ASC 815-30-35-31

ASC 815-35-35

ASC 815-20-35

OTHER BROAD TRANSACTIONS

Accounting Standard

FASB Codification

Transfers

FAS 140/FAS 166***

 

FAS 156

ASC 860, ***Not yet codified

ASC 860-50-35 and 860-50-50-5

Consolidations

FIN 46R/FAS 167***

 

ARB 51

FAS 160

EITF 96-16

EITF 04-5

EITF 85-12

ASC 810, ***Not yet codified

ASC 810-10

ASC 810-10-65-1

ASC 810-10-25-1 thru 14

ASC 810-20-25-1 thru 20, and 810-20-55-1 thru 16

ASC 810-10-25-15

Leasing

FAS 13

FAS 98

EITF 97-10

EITF 01-8

EITF 00-13

ASC 840

ASC 840-40

ASC 840-40-55

ASC 840-10-15/55

ASC 360-20-15/55

Foreign Currency Matters

FAS 52

EITF D-55

ASC 830

ASC 830-10-45-12 and 830-10-55-2

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Tags: Compliance tools, Controls Testing, Sarbanes-Oxley Training, compliance, Sarbanes-Oxley, Codification tools