Wiley GAAP 2024

21ASC 326 FINANCIAL INSTRUMENTS—CREDITLOSSES

1. Perspective and Issues
   1. Technical Alert
      1. ASU 2022-02
      2. Effective Dates
      3. Transition
   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. Accounting Policy Election—Accrued Interest Receivable
      2. Off-Balance-Sheet Credit Exposures
      3. Credit Enhancements
      4. Example—CECL Model: Initial Recognition
      5. Purchased Financial Assets with Credit Deterioration (PCD) Model
      6. Example—PCD Model: Initial Recognition
   2. Subsequent Measurement
   3. 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. Concepts, Rules, and Examples—ASC 326-30, Available-for-Sale Debt Securities
   1. Overview
   2. Initial Measurement—Determining Whether a Credit Loss Exists
      1. Accrued Interest
      2. Accounting Policy Election—Accrued Interest Receivable
      3. Purchased Financial Assets with Credit Deterioration
      4. Factors to Consider When Determining Impairment ...