Wiley GAAP: Financial Statement Disclosure Manual

19ASC 323 INVESTMENTS—EQUITY METHOD AND JOINT VENTURES

1. Technical Alert
   1. ASU 2020‐01
      1. Guidance
      2. Effective Date
      3. Transition
2. Authoritative Literature
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 323‐10
      2. ASC 323‐30
      3. ASC 323‐740
   3. Practice Alert
3. Presentation and Disclosure Requirements
   1. Presentation
   2. Disclosure
4. Presentation and Disclosure Examples
   1. Example 19.1: Accounting Policy—Equity Method
   2. Example 19.2: Investment Securities, Including Equity Securities and Unrealized Gains and Losses on Securities
   3. Example 19.3: Amortized Cost and Fair Value of Securities
   4. Example 19.4: Gross Unrealized Losses and Fair Value
   5. Example 19.5: Equity Method Investment—Summarized Financial Information
   6. Example 19.6: Equity Investments in Unconsolidated Joint Ventures
   7. Example 19.7: Summarized Financial Data
   8. Example 19.8: Qualified Affordable Housing Project Investments

TECHNICAL ALERT

ASU 2020‐01

In January 2020, the FASB's EITF issued ASU 2020‐01, Investments—Equity Securities (Topic 321), Investment Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815). The purpose of the ASU is to clarify the interactions between Topics 321, 323, and 815.

Guidance Issue 1 of the ASU addresses what happens when an entity applies or discontinues the equity method of accounting. The changes are noted in this chapter.

Issue 2 addresses whether to apply the guidance in ASC 321 or 815 to forward contracts and purchased options to buy securities that, upon settlement of the forward contract ...