Wiley Practitioner's Guide to GAAP 2022

17ASC 320 INVESTMENTS—DEBT SECURITIES

• Perspective and Issues
  • Technical Alerts
    • 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

The FASB has an ongoing financial instruments project. As part of this project, the FASB issued the following Updates:

• ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments
• ASU 2018-09, Codification Improvements to Topic 326, Financial Instruments—Credit Losses
• ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit ...