ASC 360
FEATURED ARTICLES
All articles in this category pertain to ASC 360. ASC 360 is the FASB standard that provides accounting guidance for property, plant, and equipment (PP&E). The standard explains impairment testing for PP&E, a three-step process for long-term assets. These assets should be tested when circumstances imply its carrying amount may not be recoverable.
Learn more about ASC 360 below.
Recent articles
FASB Issues Update for Discontinued Operations
On April 10, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of...
FAF Releases Updated Print Edition of FASB Accounting Standards Codification
By Frank Byrt On March 11, the Financial Accounting Foundation (FAF) released its latest version of the print edition of the Financial Accounting Standard Board's (FASB) Accounting Standards Codification. The publication and its online version represent "the single,...