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This chapter discusses the accounting for debt investments within the scope of ASC 320, Investments – Debt Securities.
There are various accounting considerations that may be relevant to a debt security on or after acquisition, including:
  • Classification and measurement
  • Estimated credit losses
  • Interest income
  • Presentation and disclosure
Many of these considerations are interrelated. For example, the decision to classify a debt security as held to maturity will mean that the current expected credit loss (CECL) model will need to be used to estimate and record expected credit losses. Conversely, a decision to classify a debt security as available for sale (AFS) will mean that the AFS debt security impairment model should be used to estimate and record credit losses.
In addition, the disclosures required for debt securities can vary based on the nature of the instrument and its measurement characteristics. For example, the required disclosures for held to maturity, available for sale, and trading securities are different.
Figure LI 3-1 identifies where additional information on debt securities can be found in other chapters of this guide.
Figure LI 3-1
Location of additional information on debt securities
Topic
Location
Recognizing interest income
Impairment of debt securities held at amortized cost
Impairment of debt securities classified as available for sale
Disclosure requirements
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