available-for-sale securities

Assets2

1. 320-10Overall320 Investments—Debt Securities

   ASC 320-10 governs the accounting and reporting for all investments in debt securities (post-ASU 2016-01, equity securities moved to Topic 321). At acquisition an entity must classify each debt security as trading, available-for-sale, or held-to-maturity (320-10-25-1) and document that classification (320-10-25-2); trading and AFS securities are carried at fair value (unrealized gains/losses in earnings and OCI, respectively) while HTM securities are carried at amortized cost (320-10-35-1). The Subtopic's core tension is the restrictive "positive intent and ability to hold to maturity" standard, the narrow list of sales/transfers that do not "taint" the HTM portfolio, and the required category disclosures.

2. 320-944Financial Services—Insurance320 Investments—Debt Securities

   ASC 320-944 was the insurance-industry ("Financial Services—Insurance") incremental guidance layered onto Investments—Debt Securities. Every paragraph in this subtopic (05-1, 15-1, 15-2, 25-1, 50-1, 50-2) has been superseded by Accounting Standards Update No. 2016-01, so the subtopic contains no operative guidance. Insurance entities now follow the general guidance in ASC 320 for debt securities and ASC 321 for equity securities.