Presentation (Topic 205 and related)
E544870
Presentation (Topic 205 and related) is the section of the FASB Accounting Standards Codification that provides guidance on how financial statement information should be classified, displayed, and organized.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Presentation (Topic 205) | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
FASB Accounting Standards Codification topic
ⓘ
U.S. GAAP authoritative guidance ⓘ |
| addresses |
overall presentation of financial statements
ⓘ
presentation of discontinued operations ⓘ presentation under liquidation basis of accounting ⓘ |
| appliesTo | general purpose financial statements ⓘ |
| appliesUnder | U.S. generally accepted accounting principles NERFINISHED ⓘ |
| citationForm | ASC 205 NERFINISHED ⓘ |
| codifiedFrom |
AICPA guidance incorporated into the Codification
ⓘ
EITF consensuses ⓘ FASB Interpretations NERFINISHED ⓘ FASB Staff Positions NERFINISHED ⓘ previous FASB Statements ⓘ |
| containsSubtopic |
ASC 205-10 Overall
ⓘ
ASC 205-20 Discontinued Operations ⓘ ASC 205-30 Liquidation Basis of Accounting NERFINISHED ⓘ |
| governs |
classification of financial statement information
ⓘ
display of financial statement information ⓘ organization of financial statement information ⓘ |
| hasFullName | Presentation of Financial Statements ⓘ |
| issuedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| language | English ⓘ |
| objective |
to enhance understandability of financial statements
ⓘ
to ensure comparability in financial statement presentation ⓘ |
| partOf | FASB Accounting Standards Codification NERFINISHED ⓘ |
| providesGuidanceOn |
classification of assets and liabilities
ⓘ
presentation of comprehensive income components ⓘ presentation of noncontrolling interests ⓘ presentation of reclassifications and restatements ⓘ presentation when an entity is in liquidation ⓘ |
| relatedTo |
ASC Topic 210 Balance Sheet
NERFINISHED
ⓘ
ASC Topic 220 Comprehensive Income NERFINISHED ⓘ ASC Topic 225 Income Statement NERFINISHED ⓘ ASC Topic 230 Statement of Cash Flows NERFINISHED ⓘ ASC Topic 250 Accounting Changes and Error Corrections NERFINISHED ⓘ |
| requires |
appropriate subtotals in the statement of cash flows
ⓘ
appropriate subtotals in the statement of changes in equity ⓘ appropriate subtotals in the statement of financial position ⓘ appropriate subtotals in the statement of income ⓘ distinction between continuing and discontinued operations ⓘ separate presentation of discontinued operations ⓘ |
| scopeIncludes |
classification of operations as discontinued
ⓘ
criteria for applying liquidation basis of accounting ⓘ entities preparing complete sets of financial statements ⓘ |
| usedBy |
employee benefit plans
ⓘ
not-for-profit entities ⓘ private companies ⓘ public business entities ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.