Prepaid Expenses Codification

Section I Slides - Bryant University
Taxes same tax rates as other corporations computation of taxable income is different to reflect effect of reserves and prepaid expenses Taxation of Times New Roman Arial Slides Statutory Accounting Terminology NAIC Codification Project Property and Liability Insurers ... Return Doc

The Accounting Process By The FASB. SEPT. 2009 CHANGE ...
DIFFERENCE: Codification is listed by topic which is much easier to perform research and capture (Prepaid Expenses) Balance Sheet Assets: Liabilities: Equity: Cash $(6,000) Prepaid insurance 5,000 Income Statement Revenues: Expenses: ... View Document

CONSUMERS UNION OF UNITED STATES, INC.
Prepaid expenses and other current assets 9,228,000 9,370,000 Total current assets 288,397,000 : 249,798,000 Property and equipment, net (note 4) The Codification does not alter current GAAP, but instead integrates existiU.S. ng ... Return Document

Financial Reporting Developments - Home - Ernst & Young ...
Excerpt from Accounting Standards Codification Exit or Disposal Cost Obligations — Overall Overview and Background post-combination expenses of the combined entity when incurred in accordance with ASC 420. adjusted for the effects of any prepaid or deferred ... Access This Document

2011 College Summit Financial Statements.
Prepaid expenses 220,634 203,651 Total Current Assets 4,850,976 9,832,803 Noncurrent The Codification is the single source of authoritative U.S. generally accepted accounting principles (GAAP). Accordingly, references to GAAP have ... Read Full Source

Accounting Practices And Procedures Manual - Table Of Contents
INT 99-04 Recognition of Prepayment Penalties Upon Adoption of Codification INT 02-21 Accounting for Prepaid Loss Adjustment Expenses and Claim Adjustment Expenses ... Visit Document

Codification Of Statutory Accounting - Casualty Actuarial ...
29 Prepaid Expenses 29-1 30 Investments in Common Stock (excluding investments in common stock of subsidiary, controlled, Codification of Statutory Accounting Subject: SSAP List by SSAP Number Author: Patricia Dunkley Last modified by: NAIC ... Fetch Document

Chart Of Accounts - Wikipedia, The Free Encyclopedia
Nomenclature, classification and codification. 345 Prepaid Expenses; 140 Inventory (Stock on Hand) 150 Buildings; 151 Accumulated Depreciation on buildings; 160 Vehicles & Equipment; 170 Investments & Stocks; 190 Other Assets; Accrued Income ... Read Article

Chapter Seventeen
Reporting entity APB Opinion No. 18, AICPA SOP 94-3 GASB Codification, Sec. 2100 (see SFAS No. 94 Footnote 9 for citation) services expenses, $4,800. Prepaid expenses, consisting of general services expense items, declined $4,000 during the year: ... Retrieve Content

A2511 - Policy For Prepaid Expenses
Policy for Prepaid Expenses Revision: Category: Issued: 09/2008 Initiated by: Department of Finance Approved by: Maricopa County Board of Supervisors & Special • Codification of Governmental Accounting and Financial Reporting Standards ... Visit Document

Revenue Recognition - Wikipedia, The Free Encyclopedia
They both determine the accounting period, in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realised or realisable, and are earned (or prepaid expense, or prepayment) ... Read Article

TABLE OF CONTENTS - Cadence Design Systems
The "Debt with Conversion and Other Options" subtopic of the FASB Accounting Standards Codification Prepaid expenses and other 83,528 54,765 55,263 56,831 64,694 Total current assets 945,352 953,990 ... Fetch Doc

FINANCIAL STATEMENTS JUNE 30, 2011 - Home Page | San Diego ...
Prepaid expenses and other 252,440 272,124 Total Current Assets 9,032,959 12,114,448 Noncurrent Assets: (Notes 1, 2, 4, 5 and 6) Property and The Codification is the source of authoritative U.S. GAAP recognized by the FASB to be applied by ... Doc Viewer

ACCOUNTING STANDARDS CODIFICATION:
ACCOUNTING STANDARDS CODIFICATION: INTRODUCING GAAP RESEARCH TO FIRST-YEAR ACCOUNTING STUDENTS (PAINLESSLY) Elsie Ameen. Associate Professor. Prepaid expenses such as the following: 1. Insurance . 2. Interest . 3. Rents . 4. Taxes . 5. ... Read Content

NAIC CODIFICATION OF STATUTORY ACCOUNTING PRINCIPLES
Changes are anticipated in the areas of EDPequipment, bonds, prepaid expenses, policy loans, title insurance, mortgage guarantee insurance, and business combinations and goodwill. NAIC Codification will be effective 1/1/2001, ... Access Doc

Matching Principle - Wikipedia, The Free Encyclopedia
A Deferred expense (prepaid expenses or prepayment) is an asset used to costs paid out and not recognized as expenses according to the matching principle. For example, when the accounting periods are monthly, ... Read Article

BULLETIN 01-9
Codification or if the laws and regulations should remain as a continual conflict with the NAIC Codification. prepaid expenses shall be reported as non-admitted assets and charged against unassigned funds (surplus). ... Fetch This Document

THE TOR PROJECT, INC. FINANCIAL STATEMENTS AND REPORTS ...
Increase in Prepaid Expenses (1,249) Increase in Accounts Payable 81,185 Increase in Accrued Accounting Standards Codification No. 440, 605, 720, 835, 958 [Prior Authoritative Guidance: Statement of Financial Accounting No. 116, Accounting for ... Doc Retrieval

CHARITY NAVIGATOR
Prepaid expenses 13,075 Security deposits 10,640 Furniture, equipment and leasehold improvements, net 11,279 Total Assets $ 202,463 Codification) to become the source ofauthoritative U.S. generally accepted accounting principles (U.S. ... Access This Document

SCAN Long Term Care - Arizona Health Care Cost Containment ...
Prepaid expenses and other current assets 25,308 Total current assets 34,643,294 27,593,679 PROPERTY AND EQUIPMENT — Net Codification (“ASC”). The ASC became the source of authoritative literature under generally accepted ... Access Content

Revenue Recognition - Investing For Beginners
As part of our guide to financial statements, you learned that the accrual concept - matching revenues with expenses - was the cornerstone of accounting. ... Read Article

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT AUDITORS
Prepaid expenses: 113,695 112,014 Total Current Assets 18,298,339: 18,819,908 Long-Term Assets: Deposits: 64,617 63,620 assets, pursuant to Accounting Standards Codification 958, Financial Statements of Not-for-Profit Organizations. ... Fetch Doc