A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
ASC 320, Investments‐Debt and Equity Securities contains one subtopic, ASC 320‐10, Overall, that contains guidance for passive investments in all debt securities and equity securities that have a determinable fair value. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. The entities to which it applies include cooperatives, mutual entities, and trusts that do not report substantially all their securities at fair value. Unless classified as held‐to‐maturity securities under ASC 948, mortgage‐backed securities held for sale require classification as trading securities. With respect to debt securities, ASC 320 prohibits the use of the held‐to‐maturity classification once it has been tainted by sales of securities that had been classified in that portfolio. ASC 320‐10‐35 deals with the complex area of structured notes, with the matters of the recognition of interest income and of the statement of financial position classification of such instruments.
ASC 320, Investments‐Debt and Equity Securities contains one subtopic, ASC 320‐10, Overall, that contains guidance for passive investments in all debt securities and equity securities that have a determinable fair value. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. The entities to which it applies include cooperatives, mutual entities, and trusts that do not report substantially all their securities at fair value. Unless classified as held‐to‐maturity securities under ASC 948, mortgage‐backed securities held for sale require classification as trading securities. With respect to debt securities, ASC 320 prohibits the use of the held‐to‐maturity classification once it has been tainted by sales of securities that had been classified in that portfolio. ASC 320‐10‐35 deals with the complex area of structured notes, with the matters of the recognition of interest income and of the statement of financial position classification of such instruments.
ASC 320 INVESTMENTS—DEBT AND EQUITY SECURITIES
Flood, Joanne M. (editor)
2015-12-02
26 pages
Article/Chapter (Book)
Electronic Resource
English
ASC 320 Investments—debt and Equity Securities
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ASC 320 Investments—Debt and Equity Securities
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ASC 320 Investments—Debt Securities
| Wiley | 2019
ASC 320 Investments—Debt Securities
| Wiley | 2018
ASC 321 INVESTMENTS—EQUITY SECURITIES
| Wiley | 2021