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Wiley GAAP 2021, 2nd Edition
book

Wiley GAAP 2021, 2nd Edition

by Joanne M. Flood
March 2021
Intermediate to advanced content levelIntermediate to advanced
1424 pages
51h 16m
English
Wiley
Content preview from Wiley GAAP 2021, 2nd Edition

17ASC 320 INVESTMENTS—DEBT SECURITIES

  1. Perspective and Issues
    1. Technical Alerts
      1. ASU 2019‐10
      2. ASU 2016‐13
      3. ASU 2018‐19
      4. ASU 2019‐04
      5. ASU 2019‐05
    2. Investment Topics
    3. Subtopics
    4. Scope and Scope Exceptions
    5. Overview
  2. Definitions of Terms
  3. Concepts, Rules, and Examples
    1. Classification of Debt Securities
    2. Held‐to‐Maturity Debt Securities
      1. Circumstances Inconsistent with the Held‐to‐Maturity Category
      2. Transfers
      3. Sales after a Substantial Portion of Principal Is Collected
      4. Example of Held‐to‐Maturity Debt Securities
    3. Trading Debt Securities
      1. Example of Accounting for Trading Securities
      2. Example of Accounting for a Realized Gain on Trading Securities
    4. Available‐for‐Sale Securities
      1. Example of Available‐for‐Sale Debt Securities
    5. Transfers between Categories
      1. Measurement
    6. Impairment of AFS and HTM Securities
      1. Scope
      2. Steps to Determine Existence and Accounting for Impairment
      3. Recognition of an OTTI
      4. Subsequent Measurement after Recognition of an OTTI
      5. Income Statement Presentation of an OTTI
      6. Example of Income Statement Presentation of OTTI
      7. Structured Notes

PERSPECTIVE AND ISSUES

Technical Alerts

The FASB has an ongoing financial instruments project. As part of this project, the FASB issued the following Updates:

  • ASU 2016‐13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments
  • ASU 2018‐09, Codification Improvements to Topic 326, Financial Instruments—Credit Losses
  • ASU 2019‐04, Codification Improvements to Topic 326, Financial Instruments—Credit ...
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Publisher Resources

ISBN: 9781119736172