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Unformatted text preview: 820-10-35-57?
c. Identify all of the ASUs that are associated with changes to paragraph 820-10-502.
d. State the date of issuance of each ASU you identified in item ―c‖ above. Exercises
E1: Of all outstanding proposed ASUs, access the one that was most recently issued. State
the proposed ASU’s ―Issued‖ date and ―Comments Due‖ date.
E2: Which Codification Subtopics were affected by the amendments documented in
MU No. 2010-06?
E3: How many ASUs were issued within the last year but more than 90 days ago? (Hint:
Use the ―Recently Issued‖ feature of the System.) Lesson 13: Keeping Track of Changes to the Codification 134 Problems
P1: In the System, navigate to the page for Section 310-10-00.
a. Identify the ASU that documents the addition of the glossary term ―financing
receivable‖ to the Codification.
b. Click the link for the ASU that you identified in item ―a‖ above, then proceed to
access the ASU.
c. In the ―Background Information and Basis for Conclusions‖ section of the ASU,
review paragraph BC6.
d. According to paragraph BC6 of the ASU, why did the FASB decide to exclude
two specific kinds receivables from the scope of the amendments documented in
P2: With regard to Codification paragraph 605-25-25-5:
a. Identify the ASU that was issued on October 7, 2009, to document changes to the
b. Describe in specific terms how the paragraph changed as documented in the ASU
you identified in item ―a‖ above.
c. How and when were reporting entities required to apply the changes to the
paragraph? Was early adoption permitted? Lesson 13: Keeping Track of Changes to the Codification 135 Cross Referencing
Codification Content and Its
Sources LESSON 14 Lesson Scenario
As introduced in Lesson 11, Julia is an auditor. During a recent audit, she searched
for relevant accounting guidance and found it in paragraph 230-10-45-17. Julia now wants to
know whether that guidance was carried forward from pre-Codification pronouncements of
To determine whether the content of paragraph 230-10-45-17 was derived from one
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.
- Fall '09