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F1M1, SFAC 7 PV Elements (Other Factors (Liquidity, Market changes), Time…
F1M1
SFAC 7 PV Elements
Other Factors
Liquidity
Market changes
Time Value of Money
Price of breaking uncertainty
Estimated Future Cash Flows
Time Variation of Future Cash Flows
PETTO
Dispose Asset
End operations and Quick
Use Net Realizable Value
Historical Cost is if operations were continuing
Revenues
Primary Operations
Increase in Asset
Increase in Cash
Increase in Revenue
Decrease in Liability
Decrease Unearned Revenue
Increase Revenue
FASB amends ASC with ASU
Accounting Standards Updates
Regulators are not primary users