A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This chapter provides clear explanations and practical examples for real‐world application of ASC 320, Investments‐Debt Securities. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. The entities deemed by ASC 320 not to be specialized industries include: cooperatives, mutual entities, and trusts that do not report substantially all their debt securities at fair value. ASC 320 classifies debt securities into one of three categories: held‐to‐maturity, trading, or available‐for‐sale. The chapter explores these categories in depth. 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.
This chapter provides clear explanations and practical examples for real‐world application of ASC 320, Investments‐Debt Securities. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in‐depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 320 applies to all entities that do not belong to specialized industries for purposes of ASC 320. The entities deemed by ASC 320 not to be specialized industries include: cooperatives, mutual entities, and trusts that do not report substantially all their debt securities at fair value. ASC 320 classifies debt securities into one of three categories: held‐to‐maturity, trading, or available‐for‐sale. The chapter explores these categories in depth. 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 Investments—Debt Securities
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2019 ; 255-273
2019-03-19
19 pages
Article/Chapter (Book)
Electronic Resource
English
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