Wiley GAAP 2021, 2nd Edition

23ASC 340 OTHER ASSETS AND DEFERRED COSTS

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 340-10
      2. ASC 340-30
      3. ASC 340-40
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 340-10, Overall
   2. Prepaid Expenses
      1. Types of Prepaid Expenses
      2. Amortization
      3. Example of Prepaid Expenses
   3. Preproduction Costs Related to Long-Term Supply Arrangements
   4. ASC 340-30, Insurance Contracts That Do Not Transfer Insurance Risk
      1. Overview
      2. Transfer of Significant Timing Risk or Neither Significant Timing nor Underwriting Risk
      3. Transfer of Only Significant Underwriting Risk
      4. Insurance Contract That Has Indeterminate Risk
   5. ASC 340-40, Contracts with Customers
      1. Overview
   6. Incremental Costs of Obtaining a Contract
      1. Recoverability
      2. Determining When Costs Are Incremental
      3. Costs That Are Not Incremental
      4. Direct Response Advertising Costs
      5. Other Marketing Related Costs
      6. Practical Expedient
      7. Example—Costs of Obtaining a Contract: Commissions, Bonuses
      8. Example—Costs of Obtaining a Contract: Travel, Due Diligence Costs
   7. Costs of Fulfilling a Contract
      1. Three Criteria for Recognizing Assets for Costs of Fulfilling a Contract
      2. Categories of Fulfillment Costs
      3. Example—Costs That Create an Asset
      4. Set-Up Costs
      5. Abnormal Costs
   8. Amortization of Costs
      1. Example—Costs: Recognition and Amortization
      2. Example—Costs: Amortization—Contract Extension
   9. Impairment Loss
      1. Sequence of Testing
      2. Impairment Unit
      3. Objectives of Recoverability Assessment
   10. Other Sources

PERSPECTIVE AND ISSUES

Subtopics

ASC 340, Other Assets and Deferred ...