# ASC 205-30-45: Presentation of Financial Statements — Liquidation Basis of Accounting — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/205/30/#45-other-presentation-matters)

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): 2026-09-09T22:53:54.855Z to 2026-09-09T22:53:54.855Z

Record version: sha256:b402f9a242c8d39dbe280a12465bc1122106bd07d3824d5cf2a0fa8b09e0ad24

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 205-30-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/205/30/#45-other-presentation-matters)

SEC content: no

##### [205-30-45-1](https://asc.understandingaccounting.org/asc/205/30/#205-30-45-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T22:53:54.855Z to 2026-09-09T22:53:54.855Z

Record version: sha256:ff1ef712c21abb9a5b977fc0ed653286aae71a317033f28a597677c2c2312e91

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


At a minimum, an entity that applies the liquidation basis of accounting shall prepare the following:

1.  a
    
    A [statement of net assets in liquidation](https://asc.understandingaccounting.org/glossary/s/#statement-of-net-assets-in-liquidation "A statement that presents a liquidating entity's net assets available for distribution to investors and other claimants as of the end of the reporting period.")
    
2.  b
    
    A [statement of changes in net assets in liquidation](https://asc.understandingaccounting.org/glossary/s/#statement-of-changes-in-net-assets-in-liquidation "A statement that presents the changes during the period in net assets available for distribution to investors and other claimants during liquidation.").

##### [205-30-45-2](https://asc.understandingaccounting.org/asc/205/30/#205-30-45-2)

Pending content: no

Source downloaded (UTC): 2026-09-09T22:53:54.855Z to 2026-09-09T22:53:54.855Z

Record version: sha256:c92d5e960a5ff5b867f50d09378d76e5e6355291d2340fdeb7148dbb783551a8

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The liquidation basis of accounting shall be applied prospectively from the day that liquidation becomes imminent. The initial statement of changes in net assets in liquidation shall present only changes in net assets that occurred during the period since liquidation became imminent.