ASC

ASC 325-944

Financial Services—Insurance

325 Investments—Other

Download JSONDownload Markdown14 paragraphs · 8 sectionsJump to summary

Source downloaded: .Record version 7bdf0970ced5. Effective date must be checked in the source.

In brief

IntermediateFinancial instrumentsTransition and effective datesIndustry-specificFair value

ASC 325-944 was the insurance-industry ("Investments—Other, Insurance") guidance within the Investments—Other topic, but every paragraph in the subtopic (Sections 05, 15, 30, 35, 40, 45, and 50) has been superseded by Accounting Standards Update No. 2016-01. As a result, the subtopic contains no operative recognition, measurement, derecognition, presentation, or disclosure requirements. Entities in the insurance industry must instead apply the equity-security and other-investment guidance retained elsewhere, principally ASC 321 and ASC 320 as amended by ASU 2016-01.

Key points (5)
  • Every paragraph of ASC 325-944 — 05-1, 15-1, 30-1, 35-1 through 35-3, 40-1, 45-1 through 45-5, and 50-1 — has been superseded by Accounting Standards Update No. 2016-01.
  • Because the scope paragraph (325-944-15-1) is superseded, the subtopic no longer applies to any transaction or entity.
  • There is no remaining initial measurement (Section 30), subsequent measurement (Section 35), derecognition (Section 40), presentation (Section 45), or disclosure (Section 50) guidance in this subtopic.
  • ASU 2016-01 relocated accounting for equity investments to ASC 321, which generally requires measurement at fair value with changes recognized in net income, eliminating the insurance-specific classification guidance formerly housed here.
  • The subtopic is retained in the Codification only as a historical marker; superseded paragraphs may still be relevant for periods before the ASU 2016-01 effective date.

For students. This subtopic is a dead end — every paragraph is superseded by ASU 2016-01, so citing it as authority is an error; students should redirect to ASC 321 (and ASC 320 for debt securities) for insurance entities' investment accounting. The common misunderstanding is assuming an industry "944" pushdown subtopic still carries special rules simply because the heading survives in the Codification.

superseded guidanceinsurance entity investmentsequity securitiesinvestments—otherfair value through net incometransition and effective dates

Machine-generated study aid for ASC 325-944. Check the source paragraphs below.

325-944-00Status

Source downloaded: .Record version 0ab55445120c. Effective date must be checked in the source.

325-944-00-1
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Fair Value (2nd def.) Superseded Accounting Standards Update No. 2016-01 01/05/2016
Market Participants Superseded Accounting Standards Update No. 2016-01 01/05/2016
Orderly Transation Superseded Accounting Standards Update No. 2016-01 01/05/2016
Readily Determinable Fair Value Superseded Accounting Standards Update No. 2016-01 01/05/2016
Readily Determinable Fair Value Amended Accounting Standards Update No. 2015-10 06/12/2015
Readily Determinable Fair Value Amended Accounting Standards Update No. 2014-06 03/14/2014
Related Parties Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-05-1 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-15-1 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-30-1 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-35-1 through 35-3
 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-40-1 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-45-1 through 45-5
 Superseded Accounting Standards Update No. 2016-01 01/05/2016
944-325-50-1 Superseded Accounting Standards Update No. 2016-01 01/05/2016

325-944-05Overview and Background

Source downloaded: .Record version 9986f6f5240a. Effective date must be checked in the source.

325-944-15Scope and Scope Exceptions

Source downloaded: .Record version 118575272bf6. Effective date must be checked in the source.

325-944-30Initial Measurement

Source downloaded: .Record version acea531e8838. Effective date must be checked in the source.

325-944-35Subsequent Measurement

Source downloaded: .Record version a808c955e2d0. Effective date must be checked in the source.

325-944-40Derecognition

Source downloaded: .Record version 6aae33883d02. Effective date must be checked in the source.

325-944-45Other Presentation Matters

Source downloaded: .Record version 8b0c4fda4ee9. Effective date must be checked in the source.

325-944-50Disclosure

Source downloaded: .Record version 30d5385be53e. Effective date must be checked in the source.

Related subtopics