# ASC 210-942-45: Balance Sheet — Financial Services—Depository and Lending — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/210/942/#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): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:a87b4fd077bf111f677d11c9376291ba29a1bfa0cf1c00abb04527a84630085c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-942-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/210/942/#45-other-presentation-matters) SEC content: no #### Offsetting Amounts in the Balance Sheet ##### [210-942-45-1](https://asc.understandingaccounting.org/asc/210/942/#210-942-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:99a37cf972ad590aa8392b85e396c766d7da69e923545f2162ef4bae49029b2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unearned premiums and unpaid claims on certain insurance coverage issued to finance customers by a subsidiary may represent intra-entity items because premiums are added to the consumer loan account, which is in turn classified as a receivable until paid, and most or all of the payments on claims are applied to reduce the related finance receivables. Therefore, unearned premiums and unpaid claims on certain credit life and credit accident and health insurance policies issued to finance customers shall be deducted from finance receivables in the consolidated balance sheet. Alternatively, the balance sheet may present only the net finance receivables if the notes to the financial statements contain sufficient disclosure of unearned premiums and unpaid claims and the allowance for losses. Unearned premiums and unpaid claims for credit life and accident and health coverage shall not be applied in consolidation against related finance receivables for which the related receivables are assets of unrelated entities. In those circumstances, such amounts shall be presented as liabilities. ##### [210-942-45-2](https://asc.understandingaccounting.org/asc/210/942/#210-942-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:1287346599215a3e973a1e4a594c0d693c4c490985d217674c3402f037adda1a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the consolidated financial statements, unpaid claims for property insurance and level term life insurance shall not be offset against related finance receivables because finance companies generally do not receive substantially all proceeds of such claims. That prohibition also applies to credit life and accident and health coverage written on policies for which the related receivables are assets of unrelated entities. In those circumstances, such amounts shall be presented as liabilities. ##### [210-942-45-3](https://asc.understandingaccounting.org/asc/210/942/#210-942-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:40e1aecbedeb5897246429b805ad1890dbebd35343a4ecb1c4011a7c753c59e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 210-20-45 for guidance on offsetting. ##### [210-942-45-3A](https://asc.understandingaccounting.org/asc/210/942/#210-942-45-3A) Pending content: no Source downloaded (UTC): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:2f18a9f48233f6c7c481ef936d5b9c439f1b8207df6d78e46b3c7bdb581d2c6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A financial institution that accepts deposits may have balances due from the same financial institution from which it has accepted a deposit, also called reciprocal balances. Reciprocal account balances shall be offset if they will be offset in the process of collection or payment. Overdrafts of such accounts shall be reclassified as liabilities, unless the financial institution has other accounts at the same financial institution against which such overdrafts can be offset. #### Other ##### [210-942-45-4](https://asc.understandingaccounting.org/asc/210/942/#210-942-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:00:30.261Z to 2026-09-09T23:00:30.261Z Record version: sha256:5065e86992d71ee7fa0de806428a097c6a5ecdbbb19b03d07f082c66a9e96b55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If deposits in other institutions are material, then deposits shall be presented as a separate amount in the balance sheet.