Chapter 21ASC 325 INVESTMENTS—OTHER
ASC 325-30, Investments in Insurance Contracts
ASC 325-40, Beneficial Interests in Securitized Financial Assets
PERSPECTIVE AND ISSUES
Topics
The Codification contains several Topics on the various forms of investments:
- ASC 320, Investments – Debt and Equity Securities
- ASC 323, Investments – Equity Method and Joint Venures
- ASC 325, Investments – Other.
Subtopics
ASC 325 contains four subtopics:
- ASC 325-10, Overall, which merely identifies the other three topics
- ASC 325-20, Cost Method Investments, which offers guidance on stocks of entities not accounted for under the fair value method (ASC 320) or the equity method (ASC 323)
- ASC 325-30, Investments in Insurance Contracts, which provides guidance on investments, life insurance contracts in general, and life settlement contracts
- ASC 325-40, Beneficial Interests in Securitized Financial Assets, which provides guidance on accounting for a transferor's interest in securitized transaction accounted for as sales and purchased beneficial interests.
Scope
ASC 325-40 “applies to a transferor's interests in securitization transactions that are accounted for as sales under Topic 860 and purchased beneficial interests in securitized financial assets.” (ASC 325-40-15-2)
According to ASC 325-15-40-3, the guidance applies to beneficial interests ...
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