Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 59

In general, proceeds from insurance claims are classified based on the nature of the loss and requires judgment. As long as it does not conflict with other guidance, entities should classify recoveries from business interruption insurance in the statement of operations. (ASC 220‐30‐45‐1) In the notes to the financial statements, the entity should include:

 The nature of the event causing business interruption losses.

 Aggregate amount of interruption insurance recoveries and the line item where classified.(ASC 230‐30‐50‐1)

The proceeds related to lost assets should not be recorded as reductions of the costs to rebuild or replace the insured asset.