Wiley GAAP 2021, 2nd Edition

18ASC 321 INVESTMENTS—EQUITY SECURITIES

1. Perspective and Issues
   1. Investment Topics
   2. Subtopic
   3. Scope and Scope Exceptions
      1. Scope—Entities
      2. Scope—Instruments
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. Initial Measurement—Investments That No Longer Qualifiy for the Equity Method
   2. Subsequent Measurement
      1. Equity Securities with Readily Determinable Fair Value
      2. Equity Securities without Readily Determinable Fair Values—ASC‐20 Practical Expedient
      3. Equity Securities without Readily Determinable Fair Values—ASC Measurement Alternative
      4. Changes in Measurement Approach
      5. Impairment Model for Equity Securities without Readily Determinable Fair Values
   3. Dividend Income
   4. Presentation and Disclosure

PERSPECTIVE AND ISSUES

Investment Topics

The Codification contains several topics dealing with investments, including:

• ASC 320, Investments—Debt Securities.
• ASC 321, Investments—Equity Securities (added by ASU 2016‐01).
• 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.

• (ASC 321‐10‐05‐1)

Subtopic

ASC 321, Investments—Equity Securities, contains one subtopic:

• ASC 321‐10, Overall, which provides accounting and reporting guidance for investments in equity securities.

• (ASC 321‐10‐05‐2)

Scope and Scope Exceptions

Scope—Entities The guidance in ASC 321 applies to all entities, including entities that are not deemed specialized industries for purposes of this ...