Wiley GAAP 2024

17ASC 320 INVESTMENTS—DEBT SECURITIES

1. Perspective and Issues
   1. Technical Alerts
      1. ASU 2022-01
      2. ASU 2016-13
      3. ASU 2019-04
   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 HTM Category
      2. Transfers to or from the HTM Category
      3. Sales of HTM Debt Securities 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—Direct Write-Up or Write-Down
   4. Available-for-Sale Securities
      1. Example of Available-for-Sale Debt Securities
   5. Transfers between Categories
      1. Measurement
      2. 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.

ASU 2016-13 In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. This ASU makes changes to several topics, and adds a new topic—ASC 326. The primary coverage of this ASU can be found in the chapter on ASC 326. This Technical Alert covers the changes ...