Wiley GAAP 2020

18ASC 320 INVESTMENTS—DEBT SECURITIES

• Perspective and Issues
  • Technical Alert
    • ASU 2016-01
    • ASU 2016-13
    • Transition
    • ASU 2018-19
    • ASU 2019-04
    • ASU 2019-05
  • Investment Topics
  • Subtopics
  • Scope and Scope Exceptions
  • Overview
• Definitions of Terms
• Concepts, Rules, and Examples
  • Classification of Debt Securities
  • Held-to-Maturity Debt Securities
    • Circumstances Inconsistent with the Held-to-Maturity Category
    • Transfers
    • Sales after a Substantial Portion of Principal Is Collected
    • Example of Held-to-Maturity Debt Securities
  • Trading Debt Securities
    • Example of Accounting for Trading Securities
    • Example of Accounting for a Realized Gain on Trading Securities
  • Available-for-Sale Securities
    • Example of Available-for-Sale Debt Securities
  • Transfers between Categories
    • Measurement
  • Impairment of AFS and HTM Securities
    • Scope
    • Steps to Determine Existence and Accounting for Impairment
    • Subsequent Measurement after Recognition of an OTTI
    • Income Statement Presentation of an OTTI
    • Example of Income Statement Presentation of OTTI
  • Other Issues
    • Mutual Funds Invested in U.S. Government Contracts
    • Forward Contracts and Options
    • Structured Notes

PERSPECTIVE AND ISSUES

See the Technical Alert section below for information on ASU 2016-01. The transition period for implementation of ASU 2016-01 begins in calendar year 2018. Because this volume covers the transition year for some entities, it includes two chapters on ASC 320: Chapter 17 contains the existing guidance on investments in debt and equity ...