AppendixDisclosure Checklist for Commercial Businesses
The disclosure checklist presented below provides a quick reference to those disclosures that are common to the financial statements of most commercial business enterprises. This checklist does not purport to be suitable for use as a comprehensive SEC disclosure checklist, nor is it designed to be used for reporting entities that are not-for-profit organizations, state or local governments, or that are engaged in other industries that are subject to specialized accounting and reporting rules. Readers are advised to access the FASB Codification for additional details on requirements.
Numbers preceding the topics refer to the relevant FASB ASC Topic. For each Topic, the related chapter in Wiley GAAP 2015 offers more information about implementing the requirements and gives examples.
CONTENTS
| Presentation | ||
| 205 | Presentation of Financial Statements | 1319 |
| 205-20 | Discontinued Operations – Extant Guidance | 1320 |
| 205-20 | Discontinued Operations – Guidance Based on ASU 2014-08 | 1321 |
| 205-30 | Liquidation Basis of Accounting | 1323 |
| 210 | Balance Sheet | 1324 |
| 210-20 | Offsetting | 1324 |
| 225 | Income Statement | 1325 |
| 225-20 | Extraordinary and Unusual Items | 1325 |
| 230 | Statement of Cash Flows | 1325 |
| 235 | Notes to Financial Statements | 1326 |
| 250 | Accounting Changes and Error Corrections | 1327 |
| 260 | Earnings Per Share | 1328 |
| 270 | Interim Financial Statements | 1329 |
| 275 | Risks and Uncertainties | 1332 |
| 280 | Segment Reporting | 1332 |
| Assets | ||
| 310 |
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