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Wiley GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles 2015
book

Wiley GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles 2015

by Joanne M. Flood
October 2014
Intermediate to advanced
1512 pages
57h 40m
English
Wiley
Content preview from Wiley GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles 2015

Chapter 42ASC 720 OTHER EXPENSES

PERSPECTIVE AND ISSUES

   Subtopics

   Scope and Scope Exceptions

DEFINITIONS OF TERMS

CONCEPTS, RULES, AND EXAMPLES

   ASC 720-10, Overall

   ASC 720-15, Start-Up Costs

   ASC 720-20, Insurance Costs

   ASC 720-25, Contributions Made

   ASC 720-30, Real and Personal Property Taxes

   ASC 720-35, Advertising Costs

   ASC 720-40, Electronic Equipment Waste Obligations

   ASC 720-45, Business and Technology Reengineering

   ASC 720-50, Fees Paid to the Federal Government by Pharmaceutical Manufacturers and Health Insurers

PERSPECTIVE AND ISSUES

Subtopics

ASC 720, Other Expenses, contains nine subtopics:

  • ASC 720-10, Overall, which merely lists the other subtopics
  • ASC 720-15, Start-Up Costs
  • ASC 720-20, Insurance Costs
  • ASC 720-25, Contributions Made
  • ASC 720-30, Real and Personal Property Taxes
  • ASC 720-35, Advertising Costs
  • ASC 720-40, Electronic Equipment Waste Obligations
  • ASC 720-45, Business and Technology Reengineering
  • ASC 720-50, Fees Paid to the Federal Government by Pharmaceutical Manufacturers and Health Insurers.

Scope and Scope Exceptions

ASC 720-15. ASC 720-15 applies to all nongovernmental entities. Routine ongoing efforts to improve existing quality of products, services, or facilities are not start-up costs. The subtopic lists specific activities that are not considered start-up costs and should be accounted for in accordance with other existing authoritative literature:

  1. Ongoing customer acquisition costs, such as policy acquisition ...
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Publisher Resources

ISBN: 9781118945063Purchase book