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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
| Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook |
| Accounting by Topic, Accounting Terms Dictionary |
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U.S. GAAP Accounting Standards |
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Codification Topic 325-20 Cost Method Investments Investments in equity securities 1. If fair value is readily determinable --> Apply ASC 320 Investments - Debt and Equity Securities --> SFAS 115 2. If fair value is not readily determinable and --> Less than 20% of voting rights --> Apply ASC 325-20 Cost Method Investments Initial measurement Investments are measured --> at cost Subsequent measurement 1. Dividends from an investee --> recognized as earnings from investment 2. Dividends over the accumulated earnings of an investee --> return of investment, not earnings from investment Impairment A decrease in investment is recognized --> if the decrease is "other than temporary" |
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Codification Topic 325 Investments-Other |
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Subtopics of Codification Topic 325 325-10 Overall 325-20 Cost method investments 325-30 Investments in insurance contracts 325-40 Beneficial interests in securitized financial assets |
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Accounting Terms of Codification Topic 325-10 |
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Accounting Terms of Codification Topic 325-20 Publicly traded company |
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Accounting Terms of Codification Topic 325-30 Cash surrender value Certificates Claims stabilization reserve Deferred acquisition cost tax Insurance policy Life settlement contract Policy account balance Probable Surrender charge |
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Accounting Terms of Codification Topic 325-40 Beneficial interest Debt security |
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