Skip to Main Content
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

20ASC 325 INVESTMENTS—OTHER

  1. Perspective and Issues
    1. Technical Alert
    2. Investment Topics
    3. Subtopics
    4. Scope
      1. ASC 325‐10
      2. ASC 325‐30
      3. ASC 325‐40
  2. Definitions of Terms
  3. Concepts, Rules, and Examples
    1. Presentation and Disclosure
    2. ASC 325‐10, Overall
    3. ASC 325‐30, Investments in Insurance Contracts
      1. Overview
      2. Guidance for Investments in Life Settlement Contracts
    4. ASC 325‐40, Beneficial Interests in Securitized Financial Assets
      1. Overview
      2. Initial Recognition and Measurement

PERSPECTIVE AND ISSUES

Technical Alert

This topic is affected by ASU 2016‐13. For more information about the ASU, see the chapter on ASC 326.

Investment Topics

The Codification contains several topics dealing with investments, including:

  • ASC 320, Investments—Debt Securities
  • ASC 321, Investments—Equity Securities
  • ASC 323, Investments—Equity Method and Joint Ventures
  • ASC 325, Investments—Other
  • ASC 326, Financial Instruments—Credit Losses

Subtopics

ASC 325 provides guidance for investments not within the scope of other Topics: investments in insurance contracts and in securitized financial assets.

ASC 325 contains three subtopics:

  • ASC 325‐10, Overall, which merely identifies the other three topics
  • ASC 325‐30, Investments in Insurance Contracts, which provides guidance on investments, life insurance contracts in general, and life settlement contracts
  • ASC 325‐40, Beneficial Interests in Securitized Financial Assets, which provides guidance on accounting for a transferor's interest in securitized transactions accounted ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Wiley Not-for-Profit GAAP 2020

Wiley Not-for-Profit GAAP 2020

Richard F. Larkin, Marie DiTommaso, Warren Ruppel
Wiley GAAP 2019

Wiley GAAP 2019

Joanne M. Flood

Publisher Resources

ISBN: 9781119736172