Wiley Practitioner's Guide to GAAP 2022

20ASC 325 INVESTMENTS—OTHER

• Perspective and Issues
  • Technical Alert
  • Investment Topics
  • Subtopics
  • Scope
    • ASC 325-10
    • ASC 325-30
    • ASC 325-40
• Definitions of Terms
• Concepts, Rules, and Examples
  • Presentation and Disclosure
  • ASC 325-10, Overall
  • ASC 325-30, Investments in Insurance Contracts
    • Overview
    • Guidance for Investments in Life Settlement Contracts
  • ASC 325-40, Beneficial Interests in Securitized Financial Assets
    • Overview
    • Initial Recognition and Measurement

PERSPECTIVE AND ISSUES

Technical Alert

This topic is affected by ASU 2016-13, and the changes are noted within this chapter. For more information about the ASU, see the chapter on ASC 326.

Investment Topics

The Codification contains several topics dealing with investments, including:

• ASC 320, Investments—Debt Securities
• ASC 321, Investments—Equity Securities
• ASC 323, Investments—Equity Method and Joint Ventures
• ASC 325, Investments—Other
• ASC 326, Financial Instruments—Credit Losses

Subtopics

ASC 325 provides guidance for investments not within the scope of other Topics: investments in insurance contracts and in securitized financial assets.

ASC 325 contains three subtopics:

• ASC 325-10, Overall, which merely identifies the other three topics
• ASC 325-30, Investments in Insurance Contracts, which provides guidance on investments, life insurance contracts in general, and life settlement contracts
• ASC 325-40, Beneficial Interests in Securitized Financial Assets, which provides guidance on accounting for ...