Development stage entities, Accounting Basics

The Development Stage Entities Topic specifies the guidelines for identifying an entity in the development stage, addresses the applicability of generally accepted accounting principles (GAAP) to development stage entities, and provides guidance on financial reporting requirements for development stage entities, including additional information required to be presented in the basic financial statements of development stage entities. This Topic contains the following Subtopics:

a.  Overall

 

b.  Presentation of Financial Statements

 

c.  Balance Sheet

 

d.  Statement of Shareholder Equity

 

e.  Income Statement

 

f.  Statement of Cash Flows

 

g.  Notes to Financial Statements

 

h.  Other Assets and Deferred Costs

 

i.  Revenue Recognition

 

j.  Consolidation.

Posted Date: 8/9/2012 5:28:08 AM | Location : United States







Related Discussions:- Development stage entities, Assignment Help, Ask Question on Development stage entities, Get Answer, Expert's Help, Development stage entities Discussions

Write discussion on Development stage entities
Your posts are moderated
Related Questions
Please use the following information to answer questions 4-5: Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-

Encik Farid, a sole trader, started his business on 1 May 2010 under the name Farid Enterprise. The following are his business transactions for the month of May a.  Encik Farid

Q. Explain about Representational faithfulness? Representational faithfulness To increase insight into this quality considers a map. When it shows bridges and roads where roads

Q. Define Current assets? Current assets are cash and other assets that a business is able to convert to cash or uses up in a relatively short period one year or one operating

O B JECTIVES OF FINANCIAL STATEMENTS The fundamental purpose of financial statements according to AICPA is 'to offer qualitative financial information concerning to the busi

It dates from the development of huge scale business and the advent of Joint Stock Company as a form of business that enables the public to participate in giving capital in return

started in business with cash 16,000

Calculate WACC and Rate of Return Capital Structure: 50% debt and 50% equity financing Current cost of debt is 2% above prime (Prime is currently 2.5%) cost of equity is e

Hi, How to get help with tutor, in accounting exam prepartion? please suggest?

What are the issues related with Accounts receivable? Ans) As the Accounts Receivable, you will: ? Oversee and determine all issues related to cash application to make sure