US GAAP Disclosure List 2017

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Accounting Policies


ItemTypePeriodBalanceDescription
Accounting Policies text
Significant Accounting Policies textThe entire disclosure for all significant accounting policies of the reporting entity.
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies textThe entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies textThe entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles.
Basis of Accounting, Policy textDisclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
Cash and Cash Equivalents, Policy textDisclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
Receivables, Policy textDisclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.
Concentration Risk, Credit Risk, Policy textDisclosure of accounting policy for credit risk.
Major Customers, Policy textDisclosure of accounting policy for major customers. Major customers are those that the loss of such customers would have a material adverse effect on the entity.
Off-Balance-Sheet Credit Exposure, Policy textDescription of accounting policies and methodologies used to estimate the entity's liability for off-balance sheet credit exposures and related charges for those credit exposures.
Investment, Policy textDisclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.
Derivatives, Policy textDisclosure of accounting policy for its derivative instruments and hedging activities.
Inventory, Policy textDisclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.
Property, Plant and Equipment, Policy textDisclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.
Depreciation, Depletion, and Amortization textDisclosure of accounting policy for depreciation, depletion, and amortization of property and equipment costs, including methods used and estimated useful lives and how impairment of such assets is assessed and recognized.
Impairment or Disposal of Long-Lived Assets, Policy textDisclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy textDisclosure of accounting policy for the impairment and disposal of long-lived assets including goodwill and other intangible assets.
Goodwill and Intangible Assets, Policy textDisclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.
Deferred Charges, Policy textDisclosure of accounting policy for deferral and amortization of significant deferred charges.
Precontract Costs, Policy textDisclosure of accounting policy for recording or deferring costs in anticipation of future contract sales in a variety of circumstances. The costs may consist of (a) costs incurred in anticipation of a specific contract that will result in no future benefit unless the contract is obtained (such as the costs of mobilization, engineering, architectural, or other services incurred on the basis of commitments or other indications of interest in negotiating a contract), (b) costs incurred for assets to be used in connection with specific anticipated contracts (for example, costs for the purchase of production equipment, materials, or supplies), (c) costs incurred to acquire or produce goods in excess of the amounts required under a contract in anticipation of future orders for the same item, and (d) learning, start-up, or mobilization costs incurred for anticipated but unidentified contracts.
Credit Card Origination Costs, Policy textDisclosure of accounting policy for identifying, measuring and capitalizing costs of obtaining or creating credit card accounts that are not private label credit cards. Includes, but is not limited to, the methodology of amortizing costs, contractual arrangements terms with third-party credit card intermediaries and classification of amounts due from those intermediaries.
Debt, Policy textDisclosure of accounting policy related to debt. Includes, but is not limited to, debt issuance costs, the effects of refinancings, method of amortizing debt issuance costs and original issue discount, and classifications of debt.
Shares Subject to Mandatory Redemption, Changes in Redemption Value, Policy textDisclosure of accounting policy for recognition of changes in redemption value of mandatorily redeemable shares. Provides the period over which changes in redemption value are accreted, usually from the issuance date (or from the date that it becomes probable that the security will become redeemable, if later) to the earliest redemption date of the security.
Asset Retirement Obligation and Environmental Cost textDisclosure of accounting policy for legal obligation associated with retirement of long-lived asset that results from acquisition, construction, or development or from normal operation of long-lived asset, and environmental remediation liability from improper or other-than-normal operation of long-lived asset. Includes, but is not limited to, timing of recognition and whether obligation is measured on discounted basis.
Commitments and Contingencies, Policy textDisclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies.
Stockholders' Equity, Policy textDisclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.
Revenue Recognition, Policy textDisclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.
Cost of Sales, Policy textDisclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties.
Selling, General and Administrative Expenses, Policy textDisclosure of accounting policy for inclusion of significant items in the selling, general and administrative (or similar) expense report caption.
Shipping and Handling Cost, Policy textDisclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs.
Advertising Costs, Policy textDisclosure of accounting policy for advertising costs. For those costs that cannot be capitalized, discloses whether such costs are expensed as incurred or the first period in which the advertising takes place. For direct response advertising costs that are capitalized, describes those assets and the accounting policy used, including a description of the qualifying activity, the types of costs capitalized and the related amortization period. An entity also may disclose its accounting policy for cooperative advertising arrangements.
Interest Capitalization, Policy textDisclosure of accounting policy for interest capitalization.
Compensation Related Costs, Policy textDisclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense.
Costs Associated with Exit or Disposal Activities or Restructurings, Policy textDisclosure of accounting policy for recognizing and reporting costs associated with exiting, disposing of, and restructuring certain operations.
Legal Costs, Policy textDisclosure of accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights.
Commissions Expense, Policy textDisclosure of accounting policy for commissions incurred in relation to revenue generating activities or operations.
Frequent Flier Program, Policy textDisclosure of accounting policy for frequent flier or other similar programs provided by the entity.
Maintenance Cost, Policy textDisclosure of the accounting policy for maintenance costs. Does not include planned major maintenance activities.
Interest Expense, Policy textDisclosure of accounting policy for recognizing interest expense, including the method of amortizing debt issuance costs.
Research, Development, and Computer Software, Policy textDisclosure of accounting policy for its research and development and computer software activities including the accounting treatment for costs incurred for (1) research and development activities, (2) development of computer software for internal use, (3) computer software to be sold, leased or otherwise marketed as a separate product or as part of a product or process and (4) in-process research and development acquired in a purchase business combination.
Collaborative Arrangement, Accounting Policy textDisclosure of accounting policy for collaborative arrangements.
Discontinued Operations, Policy textDisclosure of accounting policy for discontinued operations. Includes, but is not limited to, method of interest allocation to a discontinued operation.
Income Tax, Policy textDisclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
Comprehensive Income, Policy textDisclosure of accounting policy for comprehensive income.
Earnings Per Share, Policy textDisclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
Business Combinations and Other Purchase of Business Transactions, Policy textDisclosure of accounting policy for business combinations and other business acquisition transactions not accounted for using the purchase method, such as an exchange of shares between entities under common control.
Foreign Currency Transactions and Translations Policy textDisclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.
Self Insurance Reserve textDisclosure of accounting policy for self-insurance reserves, including, but not limited to incurred but not reported reserves (IBNR).
Lessee, Leases textDisclosure of accounting policy for leasing arrangement entered into by lessee.
Lessor, Leases textDisclosure of accounting policy for leasing arrangements entered into by lessor.
Short-term Leases textDisclosure of accounting policy election for short-term lease to recognize lease payments on straight-line basis over lease term and variable lease payments as incurred.
Separation of Lease and Nonlease Components textDisclosure of accounting policy election of practical expedient not to separate lease component from nonlease component.
Sale Leaseback Transactions, Policy textDisclosure of accounting policy for transactions involving the sale of property to another party and a lease of the property back to the seller.
Segment Reporting, Policy textDisclosure of accounting policy for segment reporting.
Subsequent Events, Policy textDisclosure of accounting policy for reporting subsequent events.
Fair Value Measurement, Policy textDisclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.
Industry Specific Policies text
Organization, Consolidation and Presentation of Financial Statements Disclosure textThe entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
Basis of Presentation and Significant Accounting Policies textThe entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
Business Description and Basis of Presentation textThe entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
Business Description and Accounting Policies textThe entire disclosure for the business description and accounting policies concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Accounting policies describe all significant accounting policies of the reporting entity.
Pushdown Accounting textDisclosure of accounting policy by the acquiree for election of option to apply pushdown accounting when a change-in-control event has occurred.

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