# ASC 325-946: Investments—Other — Financial Services—Investment Companies Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/325/946/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:46:38.912Z to 2026-09-09T23:46:52.617Z Record version: sha256:8d9da71c237d65039c43ff04012196eb4f274f729b891773dd4e04bee79f37c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946: Investments—Other — Financial Services—Investment Companies ### Machine-generated study aids ```json { "summary": "This subtopic tells an investment company how to account for its \"other investments\" (investments other than debt and equity securities). Such investments are initially measured at transaction price, including commissions and other charges that are part of the purchase transaction, and are subsequently measured at fair value. Its scope mirrors the investment company Overall Subtopic scope in Section 946-10-15.", "key_points": [ "This Subtopic addresses an investment company's accounting for its other investments (325-946-05-1).", "Scope follows the investment company Overall Subtopic, Section 946-10-15 (325-946-15-1).", "Other investments are initially measured at their transaction price (325-946-30-1).", "The transaction price includes commissions and other charges that are part of the purchase transaction (325-946-30-1).", "Other investments are subsequently measured at fair value (325-946-35-1)." ], "categories": [ "Initial measurement", "Subsequent measurement", "Fair value", "Industry-specific" ], "audience_level": "intermediate", "student_note": "Short but tested: investment companies carry essentially everything at fair value, yet the initial amount recorded is the transaction price including commissions — a common trip-up because under ASC 820 transaction costs are generally not part of fair value, so any commissions capitalized at acquisition wash out at the first fair value remeasurement.", "related_topics": [ "946-10", "946-320", "946-325", "320", "820", "325-40" ], "key_concepts": [ "investment company", "other investments", "transaction price", "fair value measurement", "initial measurement", "subsequent measurement", "commissions and purchase charges" ] } ``` Source downloaded (UTC): 2026-09-09T23:46:38.912Z to 2026-09-09T23:46:38.912Z Record version: sha256:b295538c0d3aea81a3b24308db31d7f8ec953963800ab67967eddab280449936 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/325/946/#00-status) SEC content: no ##### [325-946-00-1](https://asc.understandingaccounting.org/asc/325/946/#325-946-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:38.912Z to 2026-09-09T23:46:38.912Z Record version: sha256:706c0aaca98f3cef56facb4ceb3ca19aca1efb1bdc3815d82405b506cfa05bd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Fair Value (2nd def.)AddedAccounting Standards Update No. 2013-0806/07/2013
946-325-05-1AddedAccounting Standards Update No. 2013-0806/07/2013
946-325-15-1AddedAccounting Standards Update No. 2013-0806/07/2013
946-325-30-1AddedAccounting Standards Update No. 2013-0806/07/2013
946-325-35-1AddedAccounting Standards Update No. 2013-0806/07/2013
Source downloaded (UTC): 2026-09-09T23:46:42.735Z to 2026-09-09T23:46:42.735Z Record version: sha256:c5ea2f6e78505ff73a28a2cdfe73c497eaff1fd3af4cba65c82dd1fff28762d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946-05: 05 Background [Read section](https://asc.understandingaccounting.org/asc/325/946/#05-background) SEC content: no ##### [325-946-05-1](https://asc.understandingaccounting.org/asc/325/946/#325-946-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:42.735Z to 2026-09-09T23:46:42.735Z Record version: sha256:650b608774b14641c97babf8ec9b52f784c86e2c46a00389b297cbe6dbfaaf50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic addresses an investment company's accounting for its other investments. Source downloaded (UTC): 2026-09-09T23:46:45.492Z to 2026-09-09T23:46:45.492Z Record version: sha256:0cb8948c69c2a7834c50d7044991cbecde9d35ef66dbf7737231d24f70837f08 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/325/946/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [325-946-15-1](https://asc.understandingaccounting.org/asc/325/946/#325-946-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:45.492Z to 2026-09-09T23:46:45.492Z Record version: sha256:dbe9fc36c1036d50b5cac01a7e89d4c5b97e1cafd3166d52996aa6d9d98d2f6f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 946-10-15. Source downloaded (UTC): 2026-09-09T23:46:50.623Z to 2026-09-09T23:46:50.623Z Record version: sha256:29dcf5a25411ee3d235b035e746911693fe685a6fe7470f041cd22b5c5baccd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/325/946/#30-initial-measurement) SEC content: no ##### [325-946-30-1](https://asc.understandingaccounting.org/asc/325/946/#325-946-30-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:50.623Z to 2026-09-09T23:46:50.623Z Record version: sha256:625c055dc9799ddabab588255227c1934f1436683beba27806e4bb67ab9206d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An investment company shall initially measure its other investments at their transaction price. The transaction price shall include commissions and other charges that are part of the purchase transaction. Source downloaded (UTC): 2026-09-09T23:46:52.617Z to 2026-09-09T23:46:52.617Z Record version: sha256:f478f6277fcee0839884d7f70dbc971ad4fa68a961585c936543529ec0016a26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-946-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/325/946/#35-subsequent-measurement) SEC content: no ##### [325-946-35-1](https://asc.understandingaccounting.org/asc/325/946/#325-946-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:52.617Z to 2026-09-09T23:46:52.617Z Record version: sha256:7f126238d69ce07a166953410acf2fb3174b711fb23bfb0b2a495ebe175474a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An investment company shall subsequently measure its other investments at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.").