Wiley GAAP 2018, 16th Edition

24ASC 326 Financial Instruments—Credit Losses

1. Perspective and Issues
   1. Technical Alert
      1. ASU 2017-03
      2. ASU 2016-13
   2. Investment Topics
   3. Subtopics
   4. Scope and Scope Exceptions
      1. ASC 326-10, Overall
      2. ASC 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost
      3. ASC 326-30, Financial Instruments—Credit Losses—Available-for-Sale Debt Securities
   5. Overview
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 326-10, Overall
   2. ASC 326-20, Measured at Amortized Cost
      1. Estimating Expected Credit Losses
      2. Discounted Cash Flow Method
      3. Other Than Discounted Cash Flow Method
      4. Purchased Financial Assets with Credit Deterioration (PCDs)
      5. Subsequent Measurement
      6. Financial Assets Secured by Collateral
      7. Loans Subsequently Identified for Sale
      8. Write-Offs and Recoveries of Financial Assets
      9. Interest Income on Purchased Financial Assets with Credit Deterioration
      10. Presentation and Disclosure
   3. ASC 326-30, Available-for-Sale Debt Securities
      1. Impairment
      2. Determining Whether a Credit Loss Exists
      3. Presentation and Disclosure

Perspective and Issues

Technical Alert

ASU 2017-03

See the Technical Alert in the chapter on ASC 250 for information on SEC pre-adoption disclosures for this new standard.

ASU 2016-13

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. This ASU makes changes to several topics, and adds a new topic—ASC 326.

Effective Date

The ASU is effective:

• For public business entities that meet the definition ...