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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
940-210-05-1AddedAccounting Standards Update No. 2018-0907/16/2018
940-210-15-1AddedAccounting Standards Update No. 2018-0907/16/2018
940-210-45-1AddedAccounting Standards Update No. 2018-0907/16/2018
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This Subtopic provides guidance on the offsetting and combining of amounts in the balance sheet of brokers and dealers.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 940-10-15.
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See Section 210-20-45 for guidance on offsetting.
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It contains no independent offsetting rules; it simply directs preparers to the general offsetting guidance in Section 210-20-45 and adopts the scope of the Financial Services—Brokers and Dealers Overall Subtopic (940-10-15).","key_points":["The Subtopic's stated purpose is guidance on the offsetting and combining of amounts in the balance sheet of brokers and dealers (210-940-05-1).","Its scope is identical to that of the broker-dealer Overall Subtopic, Section 940-10-15 (210-940-15-1).","For the actual offsetting criteria, the Subtopic cross-references Section 210-20-45 rather than stating separate broker-dealer rules (210-940-45-1).","Because the guidance is a pointer, a broker-dealer must satisfy the general right-of-setoff conditions in 210-20-45 (and any repo/reverse-repo or derivative exceptions there) to present amounts net."],"categories":["Presentation","Financial statement presentation","Industry-specific","Financial 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