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5010 Investments and other assets: Certain investments in debt securities
Publication date: 30 Nov 2022
us Investments and other assets ARM 5010
The FASB issued ASU 2016-13, Credit Losses: Measurement of Credit Losses on Financial Instruments in June 2016. That standard is effective for non public business entities as well as smaller reporting companies in Fiscal years beginning after December 15, 2022. For all other entities, the standard is already effective. See LI 13.1 for additional information on the effective dates of the Credit Loss standard. The guidance in this section regarding the impairment of debt and equity securities remains applicable until an entity adopts the new guidance in ASU 2016-13. Reporting entities that have early adopted the guidance in ASU 2016-13 should refer to PwC's Loans and investments guide.
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