Wiley GAAP: Financial Statement Disclosure Manual

3ASC 210 BALANCE SHEET

1. Authoritative Literature
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 210‐10
      2. ASC 210‐20
2. Practice Alert
3. Disclosure and Presentation Requirements
   1. ASC 210‐10, Overall
      1. Assets
      2. Liabilities
      3. Stockholders' Equity
   2. Form of the Statement of Financial Position
   3. ASC 210‐20, Offsetting
      1. Presentation
      2. Disclosures
4. Presentation and Disclosure Examples
   1. Example 3.1: Statement of Financial Position—Highly Aggregated
   2. Example 3.2: Statement of Financial Position—Highly Detailed
   3. Example 3.3: Disclosure by Type of Financial Instrument
   4. Example 3.4: Disclosure by Type of Financial Instrument and Type of Counterparty
   5. Example 3.5: Sophisticated Entity Disclosure by Type of Financial Instrument and Type of Counterparty
   6. Example 3.6: Netting of Certain Balance Sheet Accounts

AUTHORITATIVE LITERATURE

Statements of financial positions (also commonly known as balance sheets or statements of financial condition) present information about assets, liabilities, and owners' equity and their relationships to each other. They reflect an entity's resources (assets) and its financing structure (liabilities and equity) in conformity with generally accepted accounting principles (GAAP). The statement of financial position reports the aggregate effect of transactions at a point in time, whereas the statements of income, retained earnings, comprehensive income, and cash flows all report the effect of transactions occurring during a specified period of time such as a month, quarter, or year. ...