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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
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U.S. GAAP
Codification of Accounting Standards |
| U.S. GAAP Codification Updates |
| Principles of Accounting, Intermediate Accounting, Advanced Accounting |
| Accounting Terms |
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Codification Topic 320 Investments-Debt and Equity Securities --> FSP FAS 115-2, April 2009 Other-Than-Temporary Impairments FASB Staff Position FAS 115-2, April 2009 "Recognition and Presentation of Other-Than-Temporary Impairments" SFAS 115, May 1993 "Accounting for Certain Investments in Debt and Equity Securities" Other-Than-Temporary Impairments of Debt Securities --> classified as "held-to-maturity" or "available-for-sale" securities --> Apply FSP FAS 115-1 as revised by FSP FAS 115-2 in April 2009 Other-Than-Temporary Impairments of Equity Securities --> classified as "available-for-sale" securities --> Apply SAB Topic 5M as revised by SAB 111 in April 2009 --> SAB: SEC Staff Accounting Bulletin For investments in securities classified as "held-to-maturity" or "available-for-sale" --> If the decline in fair value below amortized cost --> is other than temporary, --> the investments are impaired FSP FAS 115-2, November 2005 --> "The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments" --> provides guidance to determine whether the decline in fair value --> is other than temporary FSP FAS 115-2 revised FSP FAS 115-1 in April 2009 |
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Codification Topic 320 Investments-Debt and Equity Securities |
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Subtopics of Codification Topic 320 320-10 Overall |
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Accounting Terms of Codification Topic 320-10 Amortized cost basis Asset group Available-for-sale securities Component of an equity Cost basis Debt security Equity security Fair value Holding gain or loss Operating segment Readily determinable fair value Reporting unit Retrospective interest method Security Structured note Trading Trading securities |
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