Appendix B — Sources of SEC Guidance on Temporary Equity
Appendix B — Sources of SEC Guidance on Temporary Equity
The table below lists the main sources of the SEC’s temporary equity
guidance, most of which is reproduced in the SEC sections of the FASB Codification.
See Appendix D for a
list of the titles of other standards and literature referred to in this
Roadmap.
|
Title
|
SEC Reference or Type of Literature
|
FASB ASC Reference
|
Notes
|
|---|---|---|---|
|
Commercial and Industrial Companies, Balance
Sheets, Preferred Stocks Subject to Mandatory Redemption
Requirements or Whose Redemption Is Outside the Control of
the Issuer
|
Rule 5-02.27 (also 17 CFR §210.5-02.27)
|
ASC 210-10-S99-1(27)
|
|
|
Bank Holding Companies, Balance Sheets,
Preferred Stocks Subject to Mandatory Redemption
Requirements or Whose Redemption Is Outside the Control of
the Issuer
|
Rule 5-02.27 (also 17 CFR §210.5-02.27)
|
ASC 942-210-S99-1(18)
|
Refers to 17 CFR §210.5-02.27 for
guidance
|
|
Insurance Companies, Balance Sheets,
Preferred Stocks Subject to Mandatory Redemption
Requirements or Whose Redemption Is Outside the Control of
the Issuer
|
Rule 7-03.20 (also 17 CFR §210.7-03.20)
|
ASC 944-210-S99-1(20)
|
States that 17 CFR §210.5-02.27 must be
followed
|
|
Presentation in Financial Statements of
“Redeemable Preferred Stocks”
|
ASR 268
|
|
Most of ASR 268 has been incorporated into
CFRP 211
|
|
Redeemable Preferred Stocks
|
|
ASC 480-10-S99-1
|
|
|
Redeemable Preferred Stock
|
SAB Topic 3.C
|
ASC 480-10-S99-2
|
|
|
FASB ASC Topic 718, Compensation — Stock
Compensation, and Certain Redeemable Financial
Instruments
|
SAB Topic 14.E
|
ASC 718-10-S99-1
|
|
|
Classification and Measurement of Redeemable
Securities
|
SEC Staff Announcement
|
ASC 480-10-S99-3A
|
Previously EITF Topic D-98
|
|
Sponsor’s Balance Sheet Classification of
Capital Stock With a Put Option Held by an Employee Stock
Ownership Plan
|
SEC Observer Comment
|
ASC 480-10-S99-4
|
Previously EITF Issue 89-11
|