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

21ASC 326 FINANCIAL INSTRUMENTS—CREDIT LOSSES

  1. Perspective and Issues
    1. Technical Alert
      1. ASU 2019‐10
      2. ASU 2017‐03
      3. ASU 2016‐13
      4. ASU 2018‐19
      5. ASU 2019‐04
      6. ASU 2019‐05
      7. ASU 2019‐11
    2. Overview
    3. Subtopics
    4. Scope and Scope Exceptions
      1. ASC 326‐10, Overall
      2. ASC 326‐20, Financial Instruments—Credit Losses—Measured at Amortized Cost
      3. ASC 326‐30, Financial Instruments—Credit Losses—Available‐for‐Sale Debt Securities
  2. Definitions of Terms
  3. Concepts, Rules, and Examples—ASC 326‐10, Overall
  4. Concepts, Rules, and Examples—ASC 326‐20, Measured at Amortized Cost
    1. Estimating Expected Credit Losses
      1. Discounted Cash Flow Method
      2. Accounting Policy Election—Effective Interest Rate Use in Discounted Cash Flow Method
      3. Other Than Discounted Cash Flow Method
      4. Estimate Losses over the Contractual Term of the Asset
    2. Accounting Policy Election—Accrued Interest Receivable
      1. Off‐Balance‐Sheet Credit Exposures
      2. Credit Enhancements
      3. Example—CECL Model: Initial Recognition
      4. Example—CECL Model: Trade Receivables
      5. Purchased Financial Assets with Credit Deterioration (PCD) Model
      6. Example—PCD Model: Initial Recognition
    3. Subsequent Measurement
    4. Financial Assets Secured by Collateral
      1. Collateral‐dependent Financial Assets Foreclosure Is Probable
      2. Financial Assets Secured by Collateral Maintenance Provisions
      3. Loans Subsequently Identified for Sale
      4. Write‐Offs and Recoveries of Financial Assets
      5. Accounting Policy Election—Accrued Interest Receivable
      6. Interest Income on Purchased Financial Assets with Credit Deterioration
    5. Presentation and Disclosure ...
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