A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This chapter reflects the accounting standards codification (ASC) 320 guidance as it will exist when an entity implements that guidance. The ASC 320 contains several topics dealing with investments, including: Investments—Debt Securities, Investments—Equity Securities and Investments—Equity Method and Joint Ventures. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. ASC 320 classifies debt securities into one of three categories: held‐to‐maturity, trading and available‐for‐sale. ASC 320 includes provisions intended to curtail management manipulation of income through careful selection of portfolio securities to be sold, a practice commonly known as "gains trading" and primarily used by financial institutions. ASC 320 permits reporting entities to split other‐than‐temporary impairment (OTTI) of debt securities into two components and thus recognize only a portion of the OTTI as a charge to net income when incurred.
This chapter reflects the accounting standards codification (ASC) 320 guidance as it will exist when an entity implements that guidance. The ASC 320 contains several topics dealing with investments, including: Investments—Debt Securities, Investments—Equity Securities and Investments—Equity Method and Joint Ventures. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. ASC 320 classifies debt securities into one of three categories: held‐to‐maturity, trading and available‐for‐sale. ASC 320 includes provisions intended to curtail management manipulation of income through careful selection of portfolio securities to be sold, a practice commonly known as "gains trading" and primarily used by financial institutions. ASC 320 permits reporting entities to split other‐than‐temporary impairment (OTTI) of debt securities into two components and thus recognize only a portion of the OTTI as a charge to net income when incurred.
ASC 320 Investments—Debt Securities
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2018 ; 246-271
2018-03-12
26 pages
Article/Chapter (Book)
Electronic Resource
English
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