Wiley GAAP 2023

17ASC 320 INVESTMENTS—DEBT SECURITIES

• Perspective and Issues
  • Technical Alerts
    • ASU 2022-01
    • Financial Instrument Proj
    • ASU 2019-10
    • ASU 2016-13
    • 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
    • Recognition of an OTTI
    • Subsequent Measurement after Recognition of an OTTI
    • Income Statement Presentation of an OTTI
    • Example of Income Statement Presentation of OTTI
    • Structured Notes

PERSPECTIVE AND ISSUES

Technical Alerts

ASU 2022-01 In March 2022, the FASB issued ASU 2202-01, Derivates and Hedging (Topic 815) Fair Value Hedging—Portfolio Layer Method. The ASU made three changes to ASC 320, and those changes are noted and reflected in this chapter. For more information on the ASU, see the chapter on ASC 815.

Financial Instrument Project The FASB has an ongoing financial instruments ...