You must log in to view this content and have a subscription package that includes this content. ASC Equity. This Topic provides guidance on several specific elements of transactions, accounts, and financial instruments that are classified as components of equity as well as overall general guidance related to equity. Read more. Additional Resources. Below is an overview of each Subtopic.

ASC notes the various Subtopics of the Equity Topic and provides guidance on equity-related issues not specifically addressed in other ASC Subtopics or other Topics that address equity issues. ASC provides guidance for both recipients and issuers of stock dividends and stock splits.

ASC notes the following: This Subtopic addresses the accounting and reporting for both the issuer that is, the purchaser or grantor and recipient that is, the goods or service provider or grantee for a subset of share-based payment transactions.

Topic also addresses a subset of these transactions. The applicable accounting and reporting requirements for a specific transaction substantially depend on whether the grantee meets the definition of an employee see the definition for determining which guidance to apply to a particular transaction. The accounting and reporting required may differ significantly depending on whether that definition of employee is met for the grantee. With certain exceptions, this Subtopic provides guidance when the grantee does not meet that definition of an employee.

ASC notes the following: This Subtopic provides guidance related to the distribution of nonmonetary assets that constitute a business to owners of an entity in transactions commonly referred to as spinoffs. This Subtopic also addresses spinoff transactions in which the substance of the transaction may differ from the legal form, and provides guidance on how to determine such situations and their required accounting and reporting.Robert Telewicz.

Senior Staff Accountant. Division of Corporation Finance.

Disclosures about offsetting assets and liabilities

Securities and Exchange Commission. Mail Stop Washington, DC File No. Dear Mr. For your convenience, we have restated your comments below. Form K. These variances are explained in more detail below. September 1. December 1. March 1. In future filings, the Company will provide explanations of any significant variances between the quarter average and period-end balances for repurchase transactions.

Business Segments. Global Wealth Management Group. Asset Management, Distribution and Administration Fees, page Other Matters. Real Estate, page The net presentation in the table above represents a non-GAAP measure. Liquidity and Capital Resources. The Balance Sheet, page These ratios are commonly used measures to assess capital adequacy and frequently are referred to by investors.

The Company does not use these ratios for purposes beyond assessing capital adequacy. The Company provided an explanation for the increase in the leverage ratio in footnote 4 on page of the First Quarter Form Q. The Company provided explanations for the increase in the balance sheet and equity capital on page and pagerespectively, of the First Quarter Form Q. At Decemberthe Tier 1 Leverage ratio expressed in percentages decreased compared with prior quarters driven by the same items that impacted the balance sheet leverage: increase of assets and decrease of capital due to TARP repayment, partially offset by issuances of common stock.

Liquidity Management Policies. Liquidity Reserves, page The reverse repos are collateralized by U. In future filings, the Company will include total assets by investment and continue to review and enhance disclosures as future circumstances warrant. The CFP models and sets forth a course of action for the Company to effectively manage through a stressed environment. Notes to Consolidated Financial Statements. Introduction and Basis of Presentation.

Discontinued Operations, page The operations and cash flows of the component have been or will be eliminated from the ongoing operations of the entity as a result of the disposal transaction. The entity will not have any significant continuing involvement in the operations of the component after the disposal transaction.

In assessing the first condition, the Company reviewed the cash flows expected to be generated by the Company from either a migration or continuation of activities with the Business in accordance with the guidance in ASC through The Company concluded that significant cash inflows are not expected to be recognized as the result of a migration of revenues from the Business.Be patient with others.

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Any opinions provided within this community are for informational purposes only. Please seek appropriate professional advice for tax-related matters. We have never verified the credentials of any user. More details Issuing a receivable in exchange for stock self.

Why is it that you don't increase equity when you issue a note receivable in exchange for stock? What journal entry would go on the books when this happens, considering you're supposed to increase a receivable and decrease equity?

You might not be able to access it. Important facts regarding this case are as follows: Your company recently had an initial public offering through which several of your family members purchased convertible preferred stock. The family members who have borrowed money following the recent initial public offering have used their shares to secure the loans.

It is also known that in the past the borrowers have always repaid their loans in a timely and full manner. As indicated in its definition for accounting purposes, the term current assets is used to designate cash and other assets or resources commonly identified as those that are reasonably expected to be realized in cash or sold or consumed during the normal operating cycle of the business.

The term current assets comprehend the following types of receivables: trade accounts, notes, and acceptances receivable, receivables from officers, employees, affiliates, and others, if collectible in the ordinary course of business within a year, installment or deferred accounts and notes receivable if they conform generally to normal trade practices and terms within the business.

An entity may receive a note, rather than cash, as a contribution to its equity. The transaction may be a sale of capital stock or a contribution to paid-in capital. Reporting the note as an asset is generally not appropriate except in very limited circumstances in which there is substantial evidence of ability and intent to pay within a reasonably short period of time. Consequently, the predominant practice is to offset the notes and stock in the equity section. However, such notes may be recorded as an asset if collected in cash before the financial statements are issued or are available to be issued.

A receivable from an officer or director shall not be deducted from stockholders' equity if the receivable was paid in cash prior to the publication of the financial statements and the payment date is stated in a note to the financial statements. The receivables, in conformity to the above accounting standards, may be recorded as a deduction of equity because they are secured by stock ASC Since the family members possess the means and intent to repay these loans and the collateral is worth more than the loans themselves, the receivables can be recorded as an asset.

The receivables may also be recorded as assets if cash is collected prior to the issuance of financial statements and there is a disclosure that states the payment date. Since there is no documentation of payment terms on the notes, it may not be appropriate to record them as assets.

The receivables must also be reported as a separate item regardless of classification ASC S Financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business.

However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include the nature of the relationship s involved, a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements, the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period, amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist.As we approach year end, with preparations underway for annual reporting requirements, it is important to keep in mind that significant new disclosure requirements related to certain financial instruments are in effect for annual reporting periods beginning on or after January 1,and require retrospective adoption for all periods presented.

Public companies began reflecting these new disclosures in interim financial statements beginning with the first quarter of Entities are required to disclose information about certain financial instruments and transactions that are either eligible for offset in accordance with U. Instruments included in the scope of the new requirements are derivatives i. Typical entities that are most impacted are financial institutions, broker-dealers and investment companies; however, any entities that have a significant amount of these types of instruments outstanding over reporting period ends can be impacted.

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GAAP does permit. The difference in presentation has been a concern for those comparing financial statements between entities presenting under U. The standard does not go as far as to call for convergence with regards to what instruments can be offset, which was initially the goal of the convergence project.

Instead, more permissive offsetting will remain under U. GAAP, but the FASB and IASB are jointly requiring disclosure information pertaining to gross and net presentation that will help users of the financial statements to better understand the impact of offsetting and facilitate meaningful comparisons. It is important that management of entities that hold instruments that are potentially within the scope of the standard understand the new disclosure requirements, and take the time to consider the impact on their financial statements.

The new disclosures will require careful consideration, and potentially an in-depth review, of existing contractual arrangements to determine which instruments are subject to the requirements.

As background information, certain criteria must be met for a reporting entity to be able to elect to present financial instruments that are in an asset position net with financial instruments in a liability position. This is relevant, for example, in determining if multiple derivatives with the same counterparty, some of which are in an asset position and some of which are in a liability position, can be reported net on the statement of financial position.

For example, ASC states that a right of offset exists when all of the following conditions are met:. While the criteria that establish what can be offset have not changed, the new disclosure requirements apply to all recognized derivative instruments, bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and securities borrowing and securities lending transactions that are either: a offset in accordance with the above mentioned guidance, or b subject to an enforceable master netting arrangement or similar agreement.

asc 505 10 45 2

ASC notes the following:. A master netting arrangement exists if the reporting entity has multiple contracts, whether for the same type of derivative instrument or for different types of derivative instruments, with a single counterparty that are subject to a contractual agreement that provides for the net settlement of all contracts through a single payment in a single currency in the event of default on or termination of any one contract.

Determining what agreements constitute or are similar to an enforceable master netting arrangement could be a time-consuming process that may necessitate involvement by legal counsel to consider issues such as whether the netting provisions apply to both parties and are enforceable.

Different conclusions can be reached in different legal jurisdictions. To meet this objective, ASC requires reporting entities to separately disclose the following quantitative information at the end of the reporting period for assets and liabilities that are within the scope of the standard:. The gross amounts of those recognized assets and those recognized liabilities. The amounts offset in accordance with the guidance in Sections and to determine the net amounts presented in the statement of financial position.

The net amounts presented in the statement of financial position.From the most important end users to the dealers selling the tools and then the ever important manufacturers designing and building the tools we enjoy.

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If you are a dealer please look at our "Dealer Section" for FREE selling aids and information. And if you are a tool manufacturer please see "Advertising with Us" for information pertaining to participating in this site. Thanks for Visiting, The Tool Report Team. Part of being around the tool industry for over Read more January 22, 2018 - January 26, 2018 Username: Password: Remember Me Log In Register 36v Blade Bosch brushless Concrete Cordless CORE18V Craftsman Dewalt Fein Festool Generator Hand Tools Hitachi Honda Hypertherm Inverter Knipex Lawsuit LED Light M18 Makita Medusaw Metabo Milwaukee Miter One-Key OSHA Pony Tools REAXX Reaxx Lawsuit Repair SawStop SawStop Patent Skil Skilsaw Sliding Miter Stanley Sub-Compact Tick Tools Tracker Tractor Vacuum About Tool Report Tool Report is the project of one man from the hand and power tool industry looking to give back a little something.

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Total retail sales for the holiday season of November and December will grow by 3. That sounds like good news, but it's actually less than the 4. It's not that people are shopping less or not buying as much. Instead, sales totals are being driven down by increased discounting. This holiday season growth rate is also below the expected 3. Again, that's due at least in part to intense competition between retailers driving prices lower.

While it seems like online retailers have taken a huge piece of the market, they only accounted for an estimated 10. In 2017, eMarketer expects online retail sales to grow to 11. Others, such as dollar stores and luxury are doing well.

So underneath the generally positive numbers are spots of real turmoil and contraction. In addition, overall growth at physical retailers has slowed. Digital growth is being pushed by "increases in mobile commerce and the intensifying online battle between large retailers and digital marketplaces," according to eMarketer.

These predictions indicate that the slow march to more sales moving online continues, but brick-and-mortar retailers still have the vast majority of the business. That means that while many traditional physical chains will continue to suffer, there's still a significant customer base shopping in actual stores.Missing our best stuff.

Sign up to be the first to learn about new tutorials, sales, giveaways and more. He also drinks way too much tea. Download a FREE 40-minute tutorial from Matthew Weiss on mixing low end.

If anyone is interested in getting some real work done in music, feel free to contact me via fb or email. People constantly tell me my music is better than everything on the radio, that I should be signed to a major label, etc. My music can be heard at YouTube. This definitely has opened my eyes or should i say ears. Some very good pointers as well as confirmations of what i am doing right and wrong. I will definitely keep this close. Thank you so much!!. Get a Lenovo Z50.

Have a friend assemble one according to the latest recommended specs. It does matter if you use Mac or PC??. Hope that clears it up.

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I read all your tips. I needed this, thanks. Feel free to check me out on SoundCloud as well. I am very satisfied with my sounds but I am struggling to connect them together (transition between sounds and beats).

I love this article. I have had a hard time finding good resources online, and already figured out most of this stuff the hard way, like adjusting parameters for 5 minutes, or not getting good samples, and especially getting depressed at the pros work. Thank you ZacThis is a fantastic list but I think you have a few hefty and untrue statements in there. Free software will not make generally make great music.

I use an ancient Cubase and its workflow smashes Reaper. Also you have made out in your list that EQ and compression are of little importance in terms of general use and mixing and mastering. Volume mixing and automating makes a surprisingly good difference but EQ makes the difference between it sounding like someone is holding a cushion over your speaker, or not.

Compression can hold a track together and give a lot of power and punch. Also with the good headphones, not necessary. I would add to the list that work flow is important. Like it all I tell myself a lot of this and never listen, but sinks in when you hear it elsewhere!!.

Thanks for putting this together. Search for: Articles Mixing Recording Producing Mastering Videos Latest Essentials Compression EQ Drums Hip-Hop Low End Vocals Guitar Effects Pro Audio Files Tutorials Partners Free Sample Pack Become a Member Search for: Articles Mixing Recording Producing Mastering Videos Latest Essentials Compression EQ Drums Hip-Hop Low End Vocals Guitar Effects SPONSORED OFFER googletag. There was an error submitting your subscription. Free Video on Mixing Low End Download a FREE 40-minute tutorial from Matthew Weiss on mixing low end.

We just sent a download link to your inbox.Lisa, Australia Nordic Odyssey, September 2015 We have just finished our Nordic Odyssey tour of 4 Scandinavian countries via: Helsinki, Stockholm, Copenhagen, Oslo, Flam and Bergen.

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Our reason for coming to Europe was to see the U2 concert in Stockholm, Sweden and visiting Norway for a week, prior to the concert, was an afterthought. We thought it might be nice to visit Norway since we would be near for the concert. What we got instead of a quick tour of a neighboring country was the best vacation I have ever experienced. Bjarni made everything perfect. There was no rushing for trains, boats or busses. Everything was perfectly timed so that we did not feel like we had to hurym but we did not have to wait long periods of time to get to our next destination.

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ASC 505 Equity

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There were no glitches at all, and we appreciate the professionalism. I asked Helga many questions beforehand, and she was always very pleasant and responsive. We would definitely recommend Nordic Visitor and Helga. Edred, Canada Iceland Full Circle, August 2015 I travelled with my children and grandchildren, comprising a party of seven in total.

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