512008 14 Ikeda Yukinori This paper examines accounting for stock issuing cost. Series of transactions from stock issuance to payment of stock issueing cost need to consider by dividing into three elements; contribution from stockholders to the issuing company for the stock issuance, payment of stock issuing cost by the issuing company, and payment of personal cost by stockholders. The last element is often overlooked, but it should be considered in line with the series of transactions. The transaction cost that individual stockholders owe is not considered neither of the company s cost nor deduction of contributed capital. If stockholders do not pay their personal stock trading commissions and the stock issuing company assumes them as underwriting commissions on the stockholders behalf, the commissions which the stockholders are personally responsible to pay is considered to be included in underwriting commissions. Thus, the components of stock trading commission which are included in underwriting commission are neither deemed cost nor deduction of contributed capital of the stock issuing company. 2008 111-112
512008 2008 108-110 2006a1 2007 22-24 IASB 2008 par.bc33
1974 136 1944 237-238 1987 205 2004 175 32SEC Topic 5-AExpenses of Offering 90 32IASB 2008 pars.35-39 par.bc33 abandonediasb 2008 par.37 FASB 1992 par.36 (c) IASC 2000 par.61 37 1137 IASB FASB FASB 2005 p.3 19 2006a (1) 1962 1337 37 1974 137 2007 94-108 2007 490-491106 19 18615 19
512008 1975 304 1992 180 1985 251-252 1962 1985 251 2000 111 FASB 1985 par.25-28 2008 128-129 178 12 31 1,200 300 300 30 19 2006a (1)
100,000 19 3012 31 109 32
512008 FASB 1985 par.25 Paton and Littleton 1940 p.25 1963 225-226 2008 9-11 2008 2008 10-11 Anthony 1984 pp.77-80 1954 51-63 2008 10
Paton and Littleton 1940 pp.43-44 FASB 1985 par.25 Paton and Littleton 1940 p.25 2000 111 1992 275 2008 111-112 Miller and Islam 1988 pp.7-38
512008 10 1983 183 11 1982 849 2004 233-234 10 1992 275 11
12 12 2008 645-646 Schroeder et al. 2005 p.481
512008 13 14 13 14
100,000 300 300 99,700 300 1,500
512008 15 16 17 18 19 15 16 17 18 19 19 19 19
FASB 1985 par.35 IASC 1989 par.49 b2006b 19 20 19730304 1963 225-236 2000 2008173 104-114 1983 2008 1974 2006a 19
512008 2006b 1962 2008 h 1-29 1985 1982 849 2004 1944 1975 303-336 1987 199-212 1992 200759 18-24 2008 2004 2007 1954 65 50-64 1992 2007 Anthony, R.N. [1984] Future Directions for Financial Accounting, Dow Jones-Irwin. 1989 Financial Accounting Standards Board (FASB) [1985] Elements of Financial Statement, Statement of Financial Accounting Concepts No.6.FASB 2002 FASB [1992] Accounting for Income Taxes, Statement of Financial Accounting Standards No.109. FASB [2005] Minutes of the May 11, 2005 Board Meeting: Liabilities and Equity Display/Measurement, Issuance Costs, Recognition of Forward Contracts, etc., Board Meeting Minutes. (http://www.fasb.org/board_meeting_minutes/05-11-05_liabeq.pdf) International Accounting Standards Board (IASB) [2008] Financial Instruments: Presentation, International Accounting Standard No.32.IFRSs TM 2007 2008 International Accounting Standards Committee (IASC) [1989] The Framework for the Preparation and Presentation of Financial Statements.IFRSs TM 2007 2008 IASC [2000] Income Taxes, International Accounting Standard No.12. IFRSs TM 20072008 Miller, M.C. and M.A.Islam [1988] The Definition and Recognition of Assets, Accounting Theory Monograph No.7, Australian Accounting Research Foundation. 1992 Paton, W.A. and A.C.Littleton [1940] An Introduction to Corporate Accounting Standards, American Accounting Association. 1958 Schroeder, R.G., M.W.Clark and J.M.Cathey [2005] Financial Accounting Theory and Analysis, 8th edition, John Wiley and Sons, Inc. 2004