This Accounting Insights is a publication of McGladrey & Pullen’s National Professional Standards Group and should not be construed as accounting, auditing, consulting, or legal advice on any specific circumstances or facts. The contents are intended for general information purposes only.

Accounting Insights A publication from the National Professional Standards Group

December 2009 Quick Reference Guide to the FASB Codification The FASB Accounting Standards Codification (“Codification”) was launched on July 1, 2009 becoming the single source of authoritative nongovernmental U.S. GAAP, other than guidance issued by the Securities and Exchange Commission. Although the Codification is not intended to change GAAP, it will represent a significant change in the way accounting issues are researched and U.S. GAAP is referenced. The Codification was effective in the third quarter for calendar year-end companies (for financial statements ending after September 15, 2009). The Codification is available via the FASB’s website using their online research system, accessible through the free Basic View or a paid subscription to the Professional View, as well as through various vendors. The following document, The Codification at a Glance, is intended to be a quick reference tool to assist users in navigating the Codification by providing a comprehensive listing of Codification Topics and Sections, and cross-referencing some commonly used accounting standards.

The Codification at a Glance Topics

General Principles Liabilities 825 - Financial Instruments 960 - Plan Accounting–Defined Benefit Pension Plans 105 - Generally Accepted Accounted Principles 405 - Liabilities 830 - Foreign Currency Matters 962 - Plan Accounting–Defined Contribution Pension

Presentation 410 - Asset Retirement and Environmental Obligations 835 - Interest Plans 205 - Presentation of Financial Statements 420 - Exit or Disposal Cost Obligations 840 - Leases 965 - Plan Accounting–Health and Welfare Benefit 210 - Balance Sheet 430 - Deferred Revenue 845 - Nonmonetary Transactions Plans 215 - Statement of Shareholder Equity 440 - Commitments 850 - Related Party Disclosures 970 - Real Estate–General 220 - Comprehensive Income 450 - Contingencies 852 - Reorganizations 972 - Real Estate–Common Interest Realty Associations 225 - Income Statement 460 - Guarantees 855 - Subsequent Events 974 - Real Estate–Real Estate Investment Trusts 230 - Statement of Cash Flows 470 - Debt 860 - Transfers and Servicing 976 - Real Estate–Retail Land 235 - Notes to Financial Statements 480 - Distinguishing Liabilities from Equity Industry 978 - Real Estate–Time-Sharing Activities 250 - Accounting Changes and Error Corrections Equity 905 - Agriculture 980 - Regulated Operations 255 - Changing Prices 505 - Equity 908 - Airlines 985 - Software 260 - Earnings Per Share Revenue 910 - Contractors–Construction 995 - U.S. Steamship Entities

Sections1 270 - Interim Reporting 605 - Revenue Recognition 912 - Contractors–Federal Government 272 - Limited Liability Entities Expenses 915 - Development Stage Entities 00 - Status 274 - Personal Financial Statements 705 - Cost of Sales and Services 920 - Entertainment–Broadcasters 05 - Overview and Background 275 - Risks and Uncertainties 710 - Compensation–General 922 - Entertainment–Cable Television 10 - Objectives 280 - Segment Reporting 712 - Compensation–Nonretirement Postemployment 924 - Entertainment–Casinos 15 - Scope and Scope Exceptions

Assets Benefits 926 - Entertainment–Films 20 - Glossary 305 - Cash and Cash Equivalents 715 - Compensation–Retirement Benefits 928 - Entertainment–Music 25 - Recognition 310 - Receivables 718 - Compensation–Stock Compensation 930 - Extractive Activities–Mining 30 - Initial Measurement 320 - Investments–Debt and Equity Securities 720 - Other Expenses 932 - Extractive Activities–Oil and Gas 35 - Subsequent Measurement 323 - Investments–Equity Method and Joint Ventures 730 - Research and Development 940 - Financial Services–Broker and Dealers 40 – Derecognition 325 - Investments–Other 740 - Income Taxes 942 - Financial Services–Depository and Lending 45 - Other Presentation Matters 330 - Inventory Broad Transactions 944 - Financial Services–Insurance 50 - Disclosure 340 - Other Assets and Deferred Costs 805 - Business Combinations 946 - Financial Services–Investment Companies 55 - Implementation Guidance and Illustrations 350 - Intangibles–Goodwill and Other 808 - Collaborative Arrangements 948 - Financial Services–Mortgage Banking 60 - Relationships 360 – Property, Plant and Equipment 810 - Consolidation 950 - Financial Services–Title Plant 65 - Transition and Open Effective Date Information

815 - Derivatives and Hedging 952 - Franchisors 70 - Grandfathered Guidance 820 - Fair Value Measurements and Disclosures 954 - Health Care Entities 75 - XBRL Elements 958 - Not-for-Profit Entities S99 - SEC Materials

Referencing the Codification

Basic format: FASB ASC2 XXX-YY-ZZ-PP or ASC XXX-YY-ZZ-PP (XXX = Topic, YY = Subtopic, ZZ = Section, and PP = Paragraph)

Quick Cross Reference Standard Codification Standard Codification Standard Codification

FAS 5 ASC 450, Contingencies FAS 123R ASC 718, Compensation–Stock Compensation ASC 505-50, Equity-Based Payments to Non-Employees

FAS 144 ASC 360, Property, Plant and Equipment

FAS 13 ASC 840, Leases FAS 128 ASC 260, Earnings Per Share FAS 146 ASC 420, Exit or Disposal Cost Obligations FAS 52 ASC 830, Foreign Currency Matters FAS 130 ASC 220, Comprehensive Income FAS 150 ASC 480, Distinguishing Liabilities from Equity FAS 57 ASC 850, Related Party Disclosures FAS 131 ASC 280, Segment Reporting FAS 157 ASC 820, Fair Value Measurements and Disclosures FAS 87, 88, 106 and 132R

ASC 715, Compensation–Retirement Benefits FAS 133 ASC 815, Derivatives and Hedging FAS 159 ASC 825, Financial Instruments

FAS 95 ASC 230, Statement of Cash Flows FAS 140/FAS 166 ASC 860, Transfers and Servicing FAS 160 and FIN 46R/FAS 167

ASC 810, Consolidation

FAS 109/FIN 48 ASC 740, Income Taxes FAS 141R ASC 805, Business Combinations FAS 165 ASC 855, Subsequent Events FAS 107 ASC 825, Financial Instruments FAS 142 ASC 350, Intangibles–Goodwill and Others Various ASC 470, Debt FAS 115 ASC 320, Investments–Debt and Equity Securities FAS 143 ASC 410, Asset Retirement and Environmental Obligations 1 SEC content is denoted by an “S” preceding the Section number 2 ASC is the abbreviation for Accounting Standards Codification

McGladrey & Pullen’s Quick Reference Guide to the FASB Codification - December 2009