Wiley Practitioner's Guide to GAAP 2022

21ASC 326 FINANCIAL INSTRUMENTS—CREDIT LOSSES

• Perspective and Issues
  • Technical Alert
    • ASU 2019-10
    • ASU 2017-03
    • ASU 2016-13
    • ASU 2018-19
    • ASU 2019-04
    • ASU 2019-05
    • ASU 2019-11
  • Overview
  • Subtopics
  • Scope and Scope Exceptions
    • ASC 326-10, Overall
    • ASC 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost
    • ASC 326-30, Financial Instruments—Credit Losses—Available-for-Sale Debt Securities
• Definitions of Terms
• Concepts, Rules, and Examples—ASC 326-10, Overall
• Concepts, Rules, and Examples—ASC 326-20, Measured at Amortized Cost
  • Estimating Expected Credit Losses
    • Accounting Policy Election—Accrued Interest Receivable
    • Off-Balance-Sheet Credit Exposures
    • Credit Enhancements
    • Example—CECL Model: Initial Recognition
    • Example—CECL Model: Trade Receivables
    • Purchased Financial Assets with Credit Deterioration (PCD) Model
    • Example—PCD Model: Initial Recognition
  • Subsequent Measurement
  • Financial Assets Secured by Collateral
    • Collateral-dependent Financial Assets Foreclosure Is Probable
    • Financial Assets Secured by Collateral Maintenance Provisions
    • Loans Subsequently Identified for Sale
    • Write-Offs and Recoveries of Financial Assets
    • Accounting Policy Election—Accrued Interest Receivable
    • Interest Income on Purchased Financial Assets with Credit Deterioration
• Concepts, Rules, and Examples—ASC 326-30, Available-For-Sale Debt Securities
  • Overview
  • Initial Measurement—Determining Whether a Credit Loss Exists
    • Accrued Interest
    • Accounting Policy Election—Accrued Interest Receivable