March 2019
Intermediate to advanced
1440 pages
51h 20m
English
Content preview from Wiley GAAP 2019
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20ASC 323 INVESTMENTS—EQUITY METHOD AND JOINT VENTURES
PERSPECTIVE AND ISSUES
Investment Topics
The Codification contains several topics dealing with investments, including:
- ASC 320, Investments—Debt and Equity Securities. ASU 2016-01 changes the name of ASC 320 to Investments—Debt Securities
- ASC 321, Investments—Equity Securities. This topic was added by ASU 2016-01 See the chapter on ASC 321 for more information.
- ASC 323, Investments—Equity Method and Joint Ventures
- ASC 325, Investments—Other
- ASC 326, Financial Instruments—Credit Losses. See the chapter on ASC 326 for more information.
Technical Alert
ASU 2016-01.
In January 2016, the FASB issued ASU 2016-01, Financial Instruments— Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.
Guidance
The ASU affects guidance on:
- Equity investments that are not consolidated or accounted for under the equity method,
- Financial liabilities under the fair value option, and
- Presentation and disclosure requirements for financial instruments.
The guidance from ASU 2016-01 is integrated in this chapter. For example, references to ASC 321, which was created by ASU 2016-01, include the words “when implemented.”
Effective Dates
ASC 2016-01 is effective:
- For public business entities––fiscal years beginning after December 15, 2017, including interim periods within those fiscal years.
- For all other entities––fiscal years beginning after December 15, 2018, including interim periods within ...
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