# ASC 270-10: Interim Reporting — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/270/10/) 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): 2026-09-09T23:19:37.216Z to 2026-09-09T23:20:17.142Z Record version: sha256:9b57145715978427533f6612b3f81a6894719d41c889acaf861bd4bd5afa04fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10: Interim Reporting — Overall ### Machine-generated study aids ```json { "summary": "ASC 270-10 governs how GAAP is applied to interim financial information (monthly, quarterly, or other periods shorter than a year) and what must be disclosed. Its core rule is the \"integral part\" view: each interim period is viewed primarily as an integral part of an annual period, so results generally follow the accounting principles used in the latest annual financial statements, with specified modifications (e.g., inventory, LIFO liquidations, cost allocations, estimated annual effective tax rate). It also sets minimum disclosure requirements for publicly traded companies reporting summarized interim data, which ASU 2025-11 replaces with disclosure requirements keyed to interim financial statements and notes prepared in accordance with GAAP, including condensed statements.", "key_points": [ "Each interim period shall be viewed primarily as an integral part of an annual period, and interim results shall be based on the accounting principles and practices used in the latest annual financial statements unless a change was adopted in the current year (270-10-45-1; 270-10-45-2).", "Revenue is recognized in interim periods on the same Topic 606 basis followed for the full year, and projected contract losses under Subtopic 605-35 are recognized in full in the interim period in which their existence becomes evident (270-10-45-3).", "Costs are split between costs associated with revenue (charged when the related revenue is recognized) and all other costs and expenses (charged as incurred or allocated based on time expired, benefit received, or activity), with arbitrary assignment prohibited and no deferral of gains/losses that would not be deferred at year-end (270-10-45-4; 270-10-45-8).", "Interim inventory exceptions: disclose use of estimated gross profit rates; do not give effect to a LIFO base liquidation expected to be replaced by year-end (charge cost of sales with expected replacement cost); do not defer Subtopic 330-10 inventory losses beyond the interim period, but recognize later-period recoveries up to previously recognized losses; defer planned purchase price and volume variances (270-10-45-6).", "Year-end-type items (inventory shrinkage, allowance for uncollectible accounts, quantity discounts, discretionary bonuses) shall be estimated and assigned so each interim period bears a reasonable portion of the anticipated annual amount (270-10-45-10).", "Effects of disposals of a component and material unusual or infrequently occurring items are reported separately and shall not be prorated over the balance of the fiscal year; entities with material seasonal variations must disclose the seasonal nature of their activities (270-10-45-11; 270-10-45-11A).", "Changes in accounting estimate (including the estimated effective annual tax rate) are accounted for in the period of change with no restatement of prior interim information (270-10-45-14); publicly traded companies reporting summarized interim data must disclose the minimum items in 270-10-50-1 (revenues, tax provision, net income, comprehensive income, EPS, seasonality, contingencies, accounting changes, etc.), which ASU 2025-11 supersedes in favor of 270-10-50-8 through 50-70." ], "categories": [ "Presentation", "Disclosure", "Financial statement presentation", "Income taxes" ], "audience_level": "intermediate", "student_note": "Exam questions almost always test the integral-part view and its exceptions: inventory declines and unusual/infrequent items are recognized fully in the interim period they occur (never prorated), while annual-type costs such as property taxes, bonuses, and quantity discounts are allocated across interim periods using annual estimates. A common misunderstanding is treating each quarter as a wholly discrete period — and forgetting that income taxes are computed using the estimated annual effective tax rate under Subtopic 740-270.", "related_topics": [ "740-270", "250-10", "330-10", "205-20", "280-10", "606-10" ], "key_concepts": [ "interim reporting", "integral part of annual period", "estimated annual effective tax rate", "lifo liquidation at interim date", "cost allocation among interim periods", "condensed financial statements", "seasonality disclosure", "minimum interim disclosures" ] } ``` Source downloaded (UTC): 2026-09-09T23:19:37.216Z to 2026-09-09T23:19:37.216Z Record version: sha256:5b2a5521dd47a8c3d2a91709b3d617ce1b8041f394478a6301af873fcbfc968e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/270/10/#00-status) SEC content: no ##### [270-10-00-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:37.216Z to 2026-09-09T23:19:37.216Z Record version: sha256:0e4b80e0139e795e59a855ddebf310b4f2dea247e5804b4d0a364087232b003d 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
AcquireeSupersededAccounting Standards Update No. 2025-1112/08/2025
AcquirerSupersededAccounting Standards Update No. 2025-1112/08/2025
AcquirerAmendedAccounting Standards Update No. 2025-0305/12/2025
Acquisition by a Not-for-Profit EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Acquisition by a Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
BusinessSupersededAccounting Standards Update No. 2025-1112/08/2025
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
Business CombinationSupersededAccounting Standards Update No. 2025-1112/08/2025
Change in the Reporting EntityAddedAccounting Standards Update No. 2023-0610/09/2023
Condensed StatementsAddedAccounting Standards Update No. 2025-1112/08/2025
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Contract AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Contract AssetAddedAccounting Standards Update No. 2014-0905/28/2014
Contract LiabilitySupersededAccounting Standards Update No. 2025-1112/08/2025
Contract LiabilityAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Financial Asset (1st def.)SupersededAccounting Standards Update No. 2016-1912/14/2016
Financial Asset (1st def.)AddedAccounting Standards Update No. 2016-1306/16/2016
Financial AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Financial Asset (2nd def. )AddedAccounting Standards Update No. 2016-1912/14/2016
Financing ReceivableSupersededAccounting Standards Update No. 2016-1306/16/2016
Financing ReceivableAddedAccounting Standards Update No. 2010-2007/21/2010
LeaseSupersededAccounting Standards Update No. 2025-1112/08/2025
LeaseAddedAccounting Standards Update No. 2016-0202/25/2016
LesseeSupersededAccounting Standards Update No. 2025-1112/08/2025
LesseeAddedAccounting Standards Update No. 2016-0202/25/2016
LessorSupersededAccounting Standards Update No. 2025-1112/08/2025
LessorAddedAccounting Standards Update No. 2016-0202/25/2016
Net Realizable ValueAddedAccounting Standards Update No. 2015-1107/22/2015
Not-for-Profit EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
Performance ObligationAddedAccounting Standards Update No. 2014-0905/28/2014
Public Business EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAmendedMaintenance Update 2016-11 (PDF)06/27/2016
Public Business EntityAddedAccounting Standards Update No. 2014-0905/28/2014
Publicly Traded Company (1st def.)SupersededAccounting Standards Update No. 2025-1112/08/2025
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
Securities and Exchange Commission RegistrantAddedAccounting Standards Update No. 2025-1112/08/2025
Security (2nd def.)SupersededAccounting Standards Update No. 2025-1112/08/2025
Transaction PriceSupersededAccounting Standards Update No. 2025-1112/08/2025
Transaction PriceAddedAccounting Standards Update No. 2014-0905/28/2014
Underlying AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Underlying AssetAddedAccounting Standards Update No. 2016-0202/25/2016
Variable Interest EntitySupersededAccounting Standards Update No. 2025-0305/12/2025
270-10-05-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-05-2AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-10-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-2AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-3AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-4AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-3AmendedAccounting Standards Update No. 2014-0905/28/2014
270-10-45-6AmendedAccounting Standards Update No. 2015-1107/22/2015
270-10-45-8AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-8AmendedAccounting Standards Update No. 2020-1010/29/2020
270-10-45-11AAmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-45-12AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-12AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-45-12AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-14AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-14AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-15AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-19AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-19AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-45-19AmendedAccounting Standards Update No. 2014-0905/28/2014
270-10-45-20 through 45-25
AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-50-1 through 50-7
SupersededAccounting Standards Update No. 2025-1112/08/2025
270-10-50-1AmendedAccounting Standards Update No. 2023-0711/27/2023
270-10-50-1AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-50-1AmendedAccounting Standards Update No. 2022-0203/31/2022
270-10-50-1AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-50-1AmendedAccounting Standards Update No. 2016-1912/14/2016
270-10-50-1AmendedAccounting Standards Update No. 2016-1306/16/2016
270-10-50-1AmendedAccounting Standards Update No. 2016-0101/05/2016
270-10-50-1AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-1AmendedAccounting Standards Update No. 2014-0401/17/2014
270-10-50-1AmendedAccounting Standards Update No. 2013-0202/05/2013
270-10-50-1AmendedAccounting Standards Update No. 2011-1112/16/2011
270-10-50-1AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-50-1AmendedAccounting Standards Update No. 2010-2007/21/2010
270-10-50-1AAmendedAccounting Standards Update No. 2016-2012/21/2016
270-10-50-1AAddedAccounting Standards Update No. 2014-0905/28/2014
270-10-50-1BAddedAccounting Standards Update No. 2020-1010/29/2020
270-10-50-2AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-50-2AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-5AmendedAccounting Standards Update No. 2020-1010/29/2020
270-10-50-5AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-5AmendedAccounting Standards Update No. 2010-0701/28/2010
270-10-50-6AAddedAccounting Standards Update No. 2016-0202/25/2016
270-10-50-7AmendedAccounting Standards Update No. 2024-0311/04/2024
270-10-50-7AmendedAccounting Standards Update No. 2023-0812/13/2023
270-10-50-7AmendedAccounting Standards Update No. 2023-0203/29/2023
270-10-50-7AmendedAccounting Standards Update No. 2022-0409/29/2022
270-10-50-7AmendedAccounting Standards Update No. 2018-1208/15/2018
270-10-50-7AmendedAccounting Standards Update No. 2015-0905/21/2015
270-10-50-7AmendedAccounting Standards Update No. 2014-0804/10/2014
270-10-50-7AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-50-7AmendedAccounting Standards Update No. 2010-0701/28/2010
270-10-50-8 through 50-70
AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-60-1SupersededAccounting Standards Update No. 2025-1112/08/2025
270-10-60-1AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-65-1AddedAccounting Standards Update No. 2025-1112/08/2025
Source downloaded (UTC): 2026-09-09T23:19:41.183Z to 2026-09-09T23:19:41.183Z Record version: sha256:6c507ab235691f48a80036c59d87e4891e9444df0a509c6464f76086d6f708b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/270/10/#05-overview-and-background) SEC content: no ##### [270-10-05-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-05-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:41.183Z to 2026-09-09T23:19:41.183Z Record version: sha256:39460aabe29ace4f8ed6a2820eeb6437175d973b0b1e1e793a2489c2d409f1d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Interim Reporting Topic clarifies the application of accounting principles and reporting practices to interim financial information, including interim financial statements and summarized interim financial data of [publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") issued for external reporting purposes. Interim financial information may include current data during a fiscal year on financial position, results of operations, comprehensive income, and cash flows. This information may be issued on a monthly or quarterly basis or at other intervals and may take the form of either complete financial statements or summarized financial data. Interim financial information often is provided for each interim period or on a cumulative year-to-date basis, or both, and for the corresponding periods of the preceding year. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The Interim Reporting Topic addresses the form and content of disclosures and application of accounting principles required for interim financial statements and notes in accordance with generally accepted accounting principles (GAAP). ##### [270-10-05-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:41.183Z to 2026-09-09T23:19:41.183Z Record version: sha256:b3a4034146025008182953f7c28d3a2dac11eaa0231e1fcc3af4ba8ef2192c8c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The determination of the results of operations on a meaningful basis for intervals of less than a full year presents inherent difficulties. The revenues of some entities fluctuate widely among interim periods because of seasonal factors, while in other entities heavy fixed costs incurred in one interim period may benefit other periods. In these situations, financial information for periods of less than a full year may be of limited usefulness. In other situations costs and expenses related to a full year's activities are incurred at infrequent intervals during the year and need to be allocated to products in process or to other interim periods to avoid distortion of interim financial results. In view of the limited time available to develop complete information, many costs and expenses are estimated in interim periods. For example, it may not be practical to perform extensive reviews of individual inventory items, costs on individual long-term contracts and precise income tax calculations for each interim period. Subsequent refinement or correction of these estimates may distort the results of operations of later interim periods. Similarly, the effects of disposal of a segment of an entity and unusual or infrequently occurring events and transactions on the results of operations in an interim period will often be more pronounced than they will be on the results for the annual period. Special attention must be given to disclosure of the impact of these items on financial information for interim periods. Source downloaded (UTC): 2026-09-09T23:19:45.259Z to 2026-09-09T23:19:45.259Z Record version: sha256:355940068e02ec080510b4cdacd80ccae9833051b6ec1d9f9368a07468dede0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-10: 10 Objectives [Read section](https://asc.understandingaccounting.org/asc/270/10/#10-objectives) SEC content: no ##### [270-10-10-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-10-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:45.259Z to 2026-09-09T23:19:45.259Z Record version: sha256:6ccf5e54a7a67215cd9c86740e32d0234b2905cd4a5339b26c136fe704461bb7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The principal objectives of the Interim Reporting Topic are to provide guidance on accounting and disclosure issues peculiar to interim reporting and to set forth minimum disclosure requirements for interim financial reports of [publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements."). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The principal objectives of the Interim Reporting Topic are to provide guidance on accounting and disclosure issues specific to interim reporting and to set forth disclosure requirements for entities that provide interim financial statements and notes in accordance with generally accepted accounting principles. Source downloaded (UTC): 2026-09-09T23:19:48.916Z to 2026-09-09T23:19:48.916Z Record version: sha256:68db0650958783c29e82b3770cd22f5f2bd33a1d50f578ac5fcd7b63fc4562ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/270/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [270-10-15-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:48.916Z to 2026-09-09T23:19:48.916Z Record version: sha256:19cdc793e80e3d9291cd49a8a881e399c6a9abe1dbcd517a48c74d43466b6245 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Scope Section of the Overall Subtopic establishes the pervasive scope for the Interim Reporting Topic. #### Entities ##### [270-10-15-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-15-2) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:48.916Z to 2026-09-09T23:19:48.916Z Record version: sha256:bbeafeb59e49511ce74f6dfbac0005a32da51c704751abe3f23999bda176e3b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Interim Reporting Topic applies to all entities. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The guidance in the Interim Reporting Topic applies to all entities that provide interim financial statements and notes in accordance with generally accepted accounting principles (GAAP), regardless of whether those interim financial statements and notes in accordance with GAAP are prepared at the same level of aggregation as the annual financial statements and annual notes or as [condensed statements](https://asc.understandingaccounting.org/glossary/c/#condensed-statements "(P) December 16, 2027; (N) December 16, 2028 270-10-65-1 Financial statements that are presented at a level that is more aggregated than the annual financial statements or have limited notes subject to the disclosure requirements in Topic 270 or both. (U.S. Securities and Exchange Commission [SEC] registrants are required to consider the guidance in paragraph 270-10-S45-2. See Regulation S-X Rule 10-01 [17 CFR 210.10-01] and Regulation S-X Rule 8-03 [17 CFR 210.8-03].)"). #### Other Considerations ##### [270-10-15-3](https://asc.understandingaccounting.org/asc/270/10/#270-10-15-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:48.916Z to 2026-09-09T23:19:48.916Z Record version: sha256:e53515189ca2d06002aadec846443690518781ad526225b874b5f73c3081afb6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Interim Reporting Topic applies whenever entities issue interim financial information. It provides guidance on the applicability of generally accepted accounting principles (GAAP) to interim financial information and indicates types of disclosures necessary to report on a meaningful basis for a period of less than a full year. This Topic is not intended to deal with unresolved matters of accounting related to annual reporting. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The guidance in the Interim Reporting Topic applies to interim financial statements and notes in accordance with GAAP. This Topic also provides disclosure requirements necessary to report on a meaningful basis for a period of less than a full year. This Topic is not intended to deal with annual reporting. ##### [270-10-15-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-15-4) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:48.916Z to 2026-09-09T23:19:48.916Z Record version: sha256:ad030ffef64e1130593b43cae60bf74dcf4b98919068c79789e1286d006430f7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For the purposes of applying the guidance in this Topic, financial statements and notes in accordance with GAAP include those financial statements that are a full set of financial statements in accordance with the guidance in paragraph [205-10-45-1A](https://asc.understandingaccounting.org/asc/205/10/#205-10-45-1A). For example, if an entity issues only an income statement, that would not be considered a full set of financial statements and therefore would not be subject to the guidance in this Topic. For the purposes of applying this Topic, financial statements and notes in accordance with GAAP for not-for-profit entities are those that are equivalent to the statements listed in paragraph [205-10-45-1A](https://asc.understandingaccounting.org/asc/205/10/#205-10-45-1A), except for investments by and distributions to owners during the period. Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:187da872f70419ee56185aefc2b7a34c663bc3ab7b3c53f71779d43a7068b381 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/270/10/#45-other-presentation-matters) SEC content: no #### Accounting Principles and Practices ##### [270-10-45-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:fb0ae66e308fa291a98789a2a84dab3363f3deac1098837ed31d0ad583c0e8e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Interim financial information is essential to provide investors and others with timely information as to the progress of the entity. The usefulness of such information rests on the relationship that it has to the annual results of operations. Accordingly, each interim period should be viewed primarily as an integral part of an annual period. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The usefulness of interim financial statements and notes in accordance with generally accepted accounting principles (GAAP) rests on the relationship that they have to the annual results of operations. Each interim period should be viewed primarily as an integral part of an annual period. ##### [270-10-45-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:a9bc899963deee5bd6ee4557e0a4cd7b69140db009ae85042b150b7c84ce3e63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In general, the results for each interim period shall be based on the accounting principles and practices used by an entity in the preparation of its latest annual financial statements unless a change in an accounting practice or policy has been adopted in the current year (see paragraphs [270-10-45-12 through 45-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) ). However, certain accounting principles and practices followed for annual reporting purposes may require modification at interim reporting dates so that the reported results for the interim period may better relate to the results of operations for the annual period. Paragraphs [270-10-45-4 through 45-11](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-4) sets forth the modifications that are necessary or desirable at interim dates in accounting principles or practices followed for annual periods. #### Revenue ##### [270-10-45-3](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:98019fa74019f2f0594176d5ce6ba0e624a6a9f1c3c376b94b4e2d7097c09cd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from products sold or services rendered shall be recognized as the entity satisfies a [performance obligation](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") by transferring a promised good or service to a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). Those revenues shall be recognized during an interim period on the same basis as followed for the full year in accordance with Topic 606 on revenue from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with customers. For example, revenues from a long-term construction contract with a customer that includes performance obligations that the entity satisfies over time in accordance with paragraphs [606-10-25-27 through 25-29](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-27) shall be recognized in interim periods on the same basis followed for the full year. Losses projected on contracts within the scope of Subtopic 605-35, in accordance with paragraphs [605-35-25-45 through 25-49](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45) , shall be recognized in full during the interim period in which the existence of such losses becomes evident. #### Costs and Expenses ##### [270-10-45-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:8c406be039ebbe649a408a1c46b140e87ee11674641039abc361649b6fa813e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Costs and expenses for interim reporting purposes may be classified as either of the following: 1. a Costs associated with revenue - those costs that are associated directly with or allocated to the products sold or to the services rendered and that are charged against income in those interim periods in which the related revenue is recognized 2. b All other costs and expenses - those costs and expenses that are not allocated to the products sold or to the services rendered and that are charged against income in interim fiscal periods as incurred, or are allocated among interim periods based on an estimate of time expired, benefit received, or other activity associated with the periods. ##### [270-10-45-5](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:01731ba642d1db6fa9ce7f2be64cb641458f81e889ec48f6d8cf61953d8c5d99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Those costs and expenses that are associated directly with or allocated to the products sold or to the services rendered for annual reporting purposes (including, for example, material costs, wages and salaries and related fringe benefits, manufacturing overhead, and warranties) shall be similarly treated for interim reporting purposes. ##### [270-10-45-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:0f76ce23cfd4611c684d3fba8e436c1f959d463455c969a596e181d08d88eaea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Practices vary in determining costs of inventory. For example, cost of goods produced may be determined based on standard or actual cost, while cost of inventory may be determined on an average, first-in, first-out (FIFO), or last-in, first-out (LIFO) cost basis. While entities generally shall use the same inventory pricing methods and make provisions for writedowns at interim dates on the same basis as used at annual inventory dates, the following exceptions are appropriate at interim reporting dates: 1. a Some entities use estimated gross profit rates to determine the cost of goods sold during interim periods or use other methods different from those used at annual inventory dates. These entities shall disclose the method used at the interim date and any significant adjustments that result from reconciliations with the annual physical inventory. 2. b Entities that use the LIFO method may encounter a liquidation of base period inventories at an interim date that is expected to be replaced by the end of the annual period. In those cases the inventory at the interim reporting date shall not give effect to the LIFO liquidation, and cost of sales for the interim reporting period shall include the expected cost of replacement of the liquidated LIFO base. 3. c Inventory losses from the application of the guidance on subsequent measurement in Subtopic 330-10shall not be deferred beyond the interim period in which the decline occurs. Recoveries of such losses on the same inventory in later interim periods of the same fiscal year through market value recoveries (for inventory measured using LIFO or the retail inventory method) or [net realizable value](https://asc.understandingaccounting.org/glossary/n/#net-realizable-value "Estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.")recoveries (for all other inventory) shall be recognized as gains in the later interim period. Such gains shall not exceed previously recognized losses. Some declines in the market value (for inventory measured using LIFO or the retail inventory method) or net realizable value (for all other inventory) of inventory at interim dates, however, can reasonably be expected to be restored in the fiscal year. Such temporary declines need not be recognized at the interim date since no loss is expected to be incurred in the fiscal year. 4. d Entities that use standard cost accounting systems for determining inventory and product costs should generally follow the same procedures in reporting purchase price, wage rate, usage, or efficiency variances from standard cost at the end of an interim period as followed at the end of a fiscal year. Purchase price variances or volume or capacity cost variances that are planned and expected to be absorbed by the end of the annual period, should ordinarily be deferred at interim reporting dates. The effect of unplanned or unanticipated purchase price or volume variances, however, shall be reported at the end of an interim period following the same procedures used at the end of a fiscal year. ##### [270-10-45-7](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:2927d186a0ef5db429b7f50da52fab0ebf25f8011db5ec953edca9363dcc1576 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Charges are made to income for all other costs and expenses in annual reporting periods based upon any of the following: 1. a Direct expenditures made in the period (salaries and wages) 2. b Accruals for estimated expenditures to be made at a later date (vacation pay) 3. c Amortization of expenditures that affect more than one annual period (such as insurance premiums, interest, and rents). ##### [270-10-45-8](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-8) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:60c4d5e38e3e24d00c51bd0f13330dd2e8fe0056db86490b1505a674e80d0f77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The objective in all cases is to achieve a fair measure of results of operations for the annual period and to present fairly the financial position at the end of the annual period. The following standards shall apply in accounting for costs and expenses other than product costs in interim periods: 1. a Costs and expenses other than product costs shall be charged to income in interim periods as incurred, or be allocated among interim periods based on an estimate of time expired, benefit received or activity associated with the periods. Procedures adopted for assigning specific cost and expense items to an interim period shall be consistent with the bases followed by the entity in reporting results of operations at annual reporting dates. However, if a specific cost or expense item charged to expense for annual reporting purposes benefits more than one interim period, the cost or expense item may be allocated to those interim periods (see paragraph [270-10-45-9](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-9)). 2. b Some costs and expenses incurred in an interim period, however, cannot be readily identified with the activities or benefits of other interim periods and shall be charged to the interim period in which incurred. Disclosure in the notes to financial statements shall be made as to the nature and amount of such costs unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year. (See paragraph [270-10-50-1B](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-1B).) 3. c Arbitrary assignment of the amount of such costs to an interim period shall not be made. 4. d Gains and losses that arise in any interim period similar to those that would not be deferred at year end shall not be deferred to later interim periods within the same fiscal year. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The objective in all cases is to achieve a fair measure of results of operations for the annual period and to present fairly the financial position at the end of the annual period. The following standards shall apply in accounting for costs and expenses other than product costs in interim periods: 1. a Costs and expenses other than product costs shall be charged to income in interim periods as incurred, or be allocated among interim periods based on an estimate of time expired, benefit received or activity associated with the periods. Procedures adopted for assigning specific cost and expense items to an interim period shall be consistent with the bases followed by the entity in reporting results of operations at annual reporting dates. However, if a specific cost or expense item charged to expense for annual reporting purposes benefits more than one interim period, the cost or expense item may be allocated to those interim periods (see paragraph [270-10-45-9](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-9)). 2. b [Subparagraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) 3. c Arbitrary assignment of the amount of such costs to an interim period shall not be made. 4. d Gains and losses that arise in any interim period similar to those that would not be deferred at year end shall not be deferred to later interim periods within the same fiscal year. ##### [270-10-45-9](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:8bfd99cea16d2cbe70f521d0cc958bf4ebb15f98b558670020756b83157db3e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A complete listing of examples of application of paragraphs [270-10-45-7 through 45-8](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-7) is not practical; however, the following examples of applications may be helpful: 1. a If a cost that is expensed for annual reporting purposes clearly benefits two or more interim periods, each interim period shall be charged for an appropriate portion of the annual cost by the use of accruals or deferrals. 2. b If quantity discounts are allowed to customers based upon annual sales volume, the amount of such discounts charged to each interim period shall be based on the sales to customers during the interim period in relation to estimated annual sales. 3. c Property taxes (and similar costs such as interest and rent) may be accrued or deferred at annual reporting date, to achieve a full year's charge of taxes to costs and expenses. Similar procedures shall be adopted at each interim reporting date to provide an appropriate cost in each period. 4. d Advertising costs may be deferred within a fiscal year if the benefits of an expenditure made clearly extend beyond the interim period in which the expenditure is made. Advertising costs may be accrued and assigned to interim periods in relation to sales prior to the time the service is received if the advertising program is clearly implicit in the sales arrangement. ##### [270-10-45-10](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:3c636b7bc8dcdcefbe973e1ef5f4f322c8fcedca22af2266d34530b151e8e2c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amounts of certain costs and expenses are frequently subjected to year-end adjustments even though they can be reasonably approximated at interim dates. To the extent possible such adjustments should be estimated and the estimated costs and expenses assigned to interim periods so that the interim periods bear a reasonable portion of the anticipated annual amount. Examples of such items include inventory shrinkage, allowance for uncollectible accounts, allowance for quantity discounts, and discretionary year-end bonuses. #### Seasonal Revenue, Costs, or Expenses ##### [270-10-45-11](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:63babad822cf27f3f06b6320bfcfdb578ffb66c86628d40338aad20404d686bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Revenues of certain entities are subject to material seasonal variations. To avoid the possibility that interim results with material seasonal variations may be taken as fairly indicative of the estimated results for a full fiscal year, such entities shall disclose the seasonal nature of their activities, and consider supplementing their interim reports with information for 12-month periods ended at the interim date for the current and preceding years. #### Unusual or Infrequent Items and Disposals of Components ##### [270-10-45-11A](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11A) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:869d03f0be0942d297924d5ff620da1ecdc2f42bc8613a80eb7d8208ef240f4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Effects of disposals of a component of an entity and unusual or infrequently occurring transactions and events that are material with respect to the operating results of the interim period shall be reported separately. Gains or losses from disposal of a component of an entity and unusual or infrequently occurring items shall not be prorated over the balance of the fiscal year. #### Accounting Changes in Interim Periods ##### [270-10-45-12](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:2a0722beb7ae649b2006649dac64eca121597f7f0bda705cc649a85845c3732f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Each report of interim financial information shall indicate any [change in accounting principles](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.") or practices from those applied in any of the following: 1. a The comparable interim period of the prior annual period 2. b The preceding interim periods in the current annual period 3. c The prior annual report. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)
Editor's Note: The pending content for paragraph 270-10-45-12 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
Each report of interim financial information shall indicate any [change in accounting principles,](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.") change in practices, or [change in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity.") from those applied in any of the following: 1. a The comparable interim period of the prior annual period 2. b The preceding interim periods in the current annual period 3. c The prior annual report. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Interim financial statements and notes in accordance with GAAP shall indicate any [change in accounting principles](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle."), change in practices, or [change in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity.")from those applied in any of the following: 1. a The comparable interim period of the prior annual period 2. b The preceding interim periods in the current annual period 3. c The prior annual financial statements. ##### [270-10-45-13](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-13) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:7014ad340bf0bae4f3b606b42c1056ee542a6274a98c04586ffb6089d8a19309 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Changes in an interim or annual accounting practice or policy made in an interim period shall be reported in the period in which the change is made, in accordance with the provisions of Topic 250. ##### [270-10-45-14](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-14) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:2dc1e0cbe03b6a88d1c47188670bfcdaf70d7256fd8bee847e467e9fb2cfa29f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The effect of a [change in accounting estimate](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-estimate "A change that has the effect of adjusting the carrying amount of an existing asset or liability or altering the subsequent accounting for existing or future assets or liabilities. A change in accounting estimate is a necessary consequence of the assessment, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, and warranty obligations."), including a change in the estimated effective annual tax rate, shall be accounted for in the period in which the change in estimate is made. No [restatement](https://asc.understandingaccounting.org/glossary/r/#restatement "The process of revising previously issued financial statements to reflect the correction of an error in those financial statements.") of previously reported interim information shall be made for changes in estimates, but the effect on earnings of a change in estimate made in a current interim period shall be reported in the current and subsequent interim periods, if material in relation to any period presented and shall continue to be reported in the interim financial information of the subsequent year for as many periods as necessary to avoid misleading comparisons. Such disclosure shall conform with paragraph [250-10-50-4](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-4). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The effect of a [change in accounting estimate](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-estimate "A change that has the effect of adjusting the carrying amount of an existing asset or liability or altering the subsequent accounting for existing or future assets or liabilities. A change in accounting estimate is a necessary consequence of the assessment, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, and warranty obligations."), including a change in the estimated effective annual tax rate, shall be accounted for in the period in which the change in estimate is made. No [restatement](https://asc.understandingaccounting.org/glossary/r/#restatement "The process of revising previously issued financial statements to reflect the correction of an error in those financial statements.") of previously issued interim financial statements and notes in accordance with GAAP shall be made for changes in estimates, but the effect on earnings of a change in estimate made in a current interim period shall be reported in the current and subsequent interim periods, if material in relation to any period presented and shall continue to be reported in the interim financial statements and notes in accordance with GAAP of the subsequent year for as many periods as necessary to avoid misleading comparisons. Such disclosure shall conform with paragraph [250-10-50-4](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-4). ##### [270-10-45-15](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-15) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:8e509803bca4b28c5be08ba2f5a990d74fd824b086eb57d13a36d59bd67db1af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Whenever possible, entities should adopt any [accounting changes](https://asc.understandingaccounting.org/glossary/a/#accounting-change "A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.") during the first interim period of a fiscal year. Changes in accounting principles and practices adopted after the first interim period in a fiscal year tend to obscure operating results and complicate disclosure of interim financial information. ##### [270-10-45-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-16) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:addc79849ce45857822d5eea62bd98f150a1d9c0360aab1f33a0fcff2320c0fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [250-10-45-27](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-27), in determining materiality for the purpose of reporting the correction of an error, amounts shall be related to the estimated income for the full fiscal year and also to the effect on the trend of earnings. Changes that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to the trend of earnings shall be separately disclosed in the interim period. #### Adjustments Related to Prior Interim Periods of the Current Fiscal Year ##### [270-10-45-17](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-17) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:712842a18c1c30fd6fd4a78afda0961d4e589d2c5a6932b04d503dd5a829744d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [250-10-45-25](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-25), an adjustment related to prior interim periods of the current fiscal year is an adjustment or settlement of litigation or similar claims, of income taxes (except for the effects of retroactive tax legislation), of renegotiation proceedings, or of utility revenue under rate-making processes provided that the adjustment or settlement meets all of the following criteria: 1. a The effect of the adjustment or settlement is material in relation to income from continuing operations of the current fiscal year or in relation to the trend of income from continuing operations or is material by other appropriate criteria. 2. b All or part of the adjustment or settlement can be specifically identified with and is directly related to business activities of specific prior interim periods of the current fiscal year. 3. c The amount of the adjustment or settlement could not be reasonably estimated prior to the current interim period but becomes reasonably estimable in the current interim period. Criterion (b) above is not met solely because of incidental effects such as interest on a settlement. Criterion (c) would be met by the occurrence of an event with currently measurable effects such as a final decision on a rate order. Treatment as adjustments related to prior interim periods of the current fiscal year shall not be applied to the normal recurring corrections and adjustments that are the result of the use of estimates inherent in the accounting process. Changes in provisions for doubtful accounts shall not be considered to be adjustments related to prior interim periods of the current fiscal year even though the changes result from litigation or similar claims. ##### [270-10-45-18](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-18) Pending content: no Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:5e0fea87727a235fc4ea2f41a7b7ac4e7859a06e29643ee19a2ac11e1e186e84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [250-10-45-26](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-26), if an item of profit or loss occurs in other than the first interim period of the entity's fiscal year and all or a part of the item of profit or loss is an adjustment related to prior interim periods of the current fiscal year, as defined in the preceding paragraph, the item shall be reported as follows: 1. a The portion of the item that is directly related to business activities of the entity during the current interim period, if any, shall be included in the determination of net income for that period. 2. b Prior interim periods of the current fiscal year shall be restated to include the portion of the item that is directly related to business activities of the entity during each prior interim period in the determination of net income for that period. 3. c The portion of the item that is directly related to business activities of the entity during prior fiscal years, if any, shall be included in the determination of net income of the first interim period of the current fiscal year. #### Guidance Related to Presentation of Other Topics at Interim Dates ##### [270-10-45-19](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-19) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:b4aeee622dccbc4fd190380c3cd25e4311738adafe411819a2bf83ebd006f68f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following may not represent all references to interim reporting: 1. a For accounting changes, see paragraphs [250-10-45-14 through 45-16](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-14) . 2. b For comprehensive income, see paragraph [220-10-45-18](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18). 3. c For incurred but not reported liability and interim reporting, see paragraphs [720-20-35-3 through 35-5](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-3) and [720-20-35-8](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-8). 4. d For income tax provisions, see Subtopic 740-270. 5. e For inventory, see paragraphs [330-10-55-2](https://asc.understandingaccounting.org/asc/330/10/#330-10-55-2) and [610-30-25-3](https://asc.understandingaccounting.org/asc/610/30/#610-30-25-3). 6. f For pensions and other postretirement benefits, see paragraphs [715-20-55-18 through 55-19](https://asc.understandingaccounting.org/asc/715/20/#715-20-55-18) and [715-60-35-40](https://asc.understandingaccounting.org/asc/715/60/#715-60-35-40). Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)
Editor's Note: The pending content for paragraph 270-10-45-19 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
The following may not represent all references to interim reporting: 1. a For accounting changes, see paragraphs [250-10-45-14 through 45-16](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-14) and [250-10-45-21](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-21). 2. b For comprehensive income, see paragraph [220-10-45-18](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18). 3. c For incurred but not reported liability and interim reporting, see paragraphs [720-20-35-3 through 35-5](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-3) and [720-20-35-8](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-8). 4. d For income tax provisions, see Subtopic 740-270. 5. e For inventory, see paragraphs [330-10-55-2](https://asc.understandingaccounting.org/asc/330/10/#330-10-55-2) and [610-30-25-3](https://asc.understandingaccounting.org/asc/610/30/#610-30-25-3). 6. f For pensions and other postretirement benefits, see paragraphs [715-20-55-18 through 55-19](https://asc.understandingaccounting.org/asc/715/20/#715-20-55-18) and [715-60-35-40](https://asc.understandingaccounting.org/asc/715/60/#715-60-35-40). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following may not represent all references to interim reporting: 1. a For accounting changes, see paragraphs [250-10-45-14 through 45-16](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-14) and [250-10-45-21](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-21). 2. b For comprehensive income, see paragraph [220-10-45-18](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18). 3. c For incurred but not reported liability and interim reporting, see paragraphs [720-20-35-3 through 35-5](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-3) and [720-20-35-8](https://asc.understandingaccounting.org/asc/720/20/#720-20-35-8). 4. d For income tax provisions, see Subtopic 740-270. 5. e For inventory, see paragraphs [330-10-55-2](https://asc.understandingaccounting.org/asc/330/10/#330-10-55-2) and [610-30-25-3](https://asc.understandingaccounting.org/asc/610/30/#610-30-25-3). 6. f For pensions and other postretirement benefits, see paragraphs [715-20-55-18 through 55-19](https://asc.understandingaccounting.org/asc/715/20/#715-20-55-18) and [715-60-35-40](https://asc.understandingaccounting.org/asc/715/60/#715-60-35-40). 7. g For evaluation of a going concern, see paragraphs [205-40-50-1 through 50-11](https://asc.understandingaccounting.org/asc/205/40/#205-40-50-1) . #### Form and Content of Interim Financial Statements and Notes ##### [270-10-45-20](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-20) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:0af8146b71d5f03920c6719b361cead038c99d71e1cdf03c5de506aa582b1d8d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)When preparing interim financial statements and notes in accordance with GAAP (including condensed statements), a [Securities and Exchange Commission registrant](https://asc.understandingaccounting.org/glossary/s/#securities-and-exchange-commission-registrant "An entity (or an entity that is controlled by an entity) that meets any of the following criteria: It has issued or will issue debt or equity securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). It is required to file financial statements with the Securities and Exchange Commission (SEC). It provides financial statements for the purpose of issuing any class of securities in a public market.") (SEC registrant) shall refer to the applicable form and content of interim financial statements for SEC registrants. For example, see Regulation S-X Rule 10-01 (17 CFR 210.10-01) and Regulation S-X Rule 8-03 (17 CFR 210.8-03) (paragraph [270-10-S45-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S45-2)). ##### [270-10-45-21](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-21) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:2523ff52ef8a7466066e69a8706071157dc69836aabaa79509a32191c289fa48 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)An entity that is not an SEC registrant may issue interim financial statements and notes in accordance with GAAP. When those financial statements are issued, the entity may present either of the following: 1. a Financial statements presented using the same level of aggregation as the annual financial statements and notes subject to applicable annual disclosure requirements in GAAP 2. b Financial statements that are presented at a level more aggregated than the annual financial statements or that have limited notes subject to the disclosure requirements in this Topic or both ([condensed statements](https://asc.understandingaccounting.org/glossary/c/#condensed-statements "(P) December 16, 2027; (N) December 16, 2028 270-10-65-1 Financial statements that are presented at a level that is more aggregated than the annual financial statements or have limited notes subject to the disclosure requirements in Topic 270 or both. (U.S. Securities and Exchange Commission [SEC] registrants are required to consider the guidance in paragraph 270-10-S45-2. See Regulation S-X Rule 10-01 [17 CFR 210.10-01] and Regulation S-X Rule 8-03 [17 CFR 210.8-03].)")). ##### [270-10-45-22](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-22) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:0a846b2255f2ce1c79820290ab193f42455be712b035aeee9460f1cce8a27766 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If an entity that is not an SEC registrant chooses to present condensed statements in accordance with paragraph [270-10-45-21(b)](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-21), the entity shall follow the following form and content guidance: 1. a For the statement of financial position at the end of the reporting period, an entity shall include separate captions for each balance sheet component presented in the annual financial statements that is 10 percent or more of total assets. An entity also shall separately present cash and retained earnings regardless of the relative significance to total assets. An entity that presents a classified statement of financial position at the end of the annual reporting period shall present totals for current assets and current liabilities. 2. b For the statement of earnings for the reporting period, an entity shall include net sales or gross revenue and present each cost and expense category presented in the annual financial statements that exceeds 20 percent of sales or gross revenues (financial institutions shall substitute net interest income for sales). An entity also shall present the provision for income taxes and discontinued operations. 3. c For the statement of cash flows for the reporting period, an entity shall present totals for each category of cash flow activities (operating, investing, and financing) as well as cash at the beginning and end of each period and the increase or decrease in such balance. 4. d For investments by and distributions to owners for the reporting period, an entity shall present (in a note or a separate statement) an analysis of the changes in each caption presented in the statement of financial position. The analysis of changes shall be presented in the form of a reconciliation of the beginning balance to the ending balance for the reporting period. An entity also shall separately present investments by and distributions to owners. However, if an entity that is not an SEC registrant is required by the SEC to follow certain form and content requirements under SEC rules and regulations, the entity shall follow the requirements specified by the SEC. ##### [270-10-45-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-23) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:cb2259b823abfacb1602b6fc121dc46d80c271dfd0cbd4c2a13ead37912ca24a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)An entity that is not an SEC registrant that chooses to apply the guidance in Regulation S-X Rule 10-01(a) (17 CFR 210.10-01(a)) or Regulation S-X Rule 8-03(a) (17 CFR 210.8-03(a)) is considered to be in compliance with the content requirements for condensed statements in paragraph [270-10-45-22](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-22). ##### [270-10-45-24](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-24) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:311ca042b77c4b1ad433e9d848eb062b320b7197989f9021ee268ea425ba7286 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Condensed statements can be provided only if the previous annual financial statements have been issued (or the financial statements have been made available for issuance). ##### [270-10-45-25](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-25) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:55.549Z to 2026-09-09T23:19:55.549Z Record version: sha256:359983afbfbb4706d0f125a53866b5ac21540f6a279246422281d4b9f74cae5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If a not-for-profit entity presents condensed statements, the following requirements shall apply: 1. a Net assets with donor restrictions and net assets without donor restrictions shall be presented regardless of relative significance to total net assets in the statement of financial position. 2. b The required disclosure of expenses by nature and function may be condensed in accordance with the guidance in paragraphs [270-10-45-22 through 45-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-22) , whether presented on the face of the statement of activities, as a separate schedule in the notes to financial statements, or in a separate financial statement. 3. c The requirement to provide a separate statement of changes in investments by and distributions to owners or disclosures explaining that such changes are not applicable. Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:bb36467b281ed4cc410acdd80ed2666a448ea47ab7a7eb56db7e07e67faba470 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/270/10/#50-disclosure) SEC content: no #### Disclosure of Summarized Interim Financial Data by Publicly Traded Companies ##### [270-10-50-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:cadb0f354b79c1cc47ab338eb324be52fbf128a7ad0a8abc44ac9c268688d436 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Many [publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") report summarized financial information at periodic interim dates in considerably less detail than that provided in annual financial statements. While this information provides more timely information than would result if complete financial statements were issued at the end of each interim period, the timeliness of presentation may be partially offset by a reduction in detail in the information provided. As a result, certain guides as to minimum disclosure are desirable. (It should be recognized that the minimum disclosures of summarized interim financial data required of publicly traded companies do not constitute a fair presentation of financial position and results of operations in conformity with generally accepted accounting principles \[GAAP\].) If publicly traded companies report summarized financial information at interim dates (including reports on fourth quarters), the following data should be reported, as a minimum: 1. a Sales or gross revenues, provision for income taxes, net income, and comprehensive income 2. b Basic and diluted earnings per share data for each period presented, determined in accordance with the provisions of Topic 260 3. c Seasonal revenue, costs, or expenses (see paragraph [270-10-45-11](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11)) 4. d Significant changes in estimates or provisions for income taxes (see paragraphs [740-270-30-2](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-2), [740-270-30-6](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-6), and [740-270-30-8](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-8)) 5. e Disposal of a component of an entity and unusual or infrequently occurring items (see paragraphs [270-10-45-11A](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11A) and [270-10-50-5](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-5)) 6. f Contingent items (see paragraph [270-10-50-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-6)) 7. g [Changes in accounting principles](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.") or [changes in accounting estimates](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-estimate "A change that has the effect of adjusting the carrying amount of an existing asset or liability or altering the subsequent accounting for existing or future assets or liabilities. A change in accounting estimate is a necessary consequence of the assessment, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, and warranty obligations.") (see paragraphs [270-10-45-12 through 45-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) ) 8. h Significant changes in financial position (see paragraph [270-10-50-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-4)) 9. i All of the information about reportable segments required by paragraph [280-10-50-32](https://asc.understandingaccounting.org/asc/280/10/#280-10-50-32), including provisions related to the recasting of segment information in previously issued financial statements. 1. 1 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 2. 2 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 3. 3 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 4. 4 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 5. 5 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 6. 6 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 10. j All of the following information about defined benefit pension plans and other defined benefit postretirement benefit plans, disclosed for all periods presented pursuant to the provisions of Subtopic 715-20: 1. 1 The amount of net periodic benefit cost recognized, for each period for which a statement of income is presented, showing separately the service cost component, the interest cost component, the expected return on plan assets for the period, the gain or loss component, the prior service cost or credit component, the transition asset or obligation component, and the gain or loss recognized due to a settlement or curtailment 2. 2 The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph [715-20-50-1](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1). Estimated contributions may be presented in the aggregate combining all of the following: 1. i Contributions required by funding regulations or laws 2. ii Discretionary contributions 3. iii Noncash contributions. 11. k The information about the use of fair value to measure assets and liabilities recognized in the statement of financial position pursuant to Section 820-10-50 12. l The information about derivative instruments as required by Sections 815-10-50, 815-20-50, 815-25-50, 815-30-50, and 815-35-50 13. m The information about financial instruments as required by Section 825-10-50 14. n The information about certain investments in debt and equity securities as required by Sections 320-10-50, 321-10-50, and 942-320-50 15. o The information about credit losses and impairments as required by Topic 326 on measurement of credit losses and impairments as required by Section 321-10-50 16. p All of the following information about the credit quality of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") and the allowance for credit losses determined in accordance with the provisions of Subtopic 326-20 on financial instruments measured at amortized cost: 1. 1 Nonaccrual and past due financial assets (see paragraphs [326-20-50-14 through 50-18](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-14) ) 2. 2 Allowance for expected credit losses related to financial assets (see paragraphs [326-20-50-10 through 50-13](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-10) ) 3. 3 [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). 4. 4 Credit-quality information related to instruments within the scope of Subtopic 326-20 (see paragraphs [326-20-50-4 through 50-9](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) ) 5. 5 Modifications of financing receivables (see paragraphs [310-10-50-42 through 50-44](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-42) ). 17. q The gross information and net information required by paragraphs [210-20-50-1 through 50-6](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-1) . 18. r The information about changes in accumulated other comprehensive income required by paragraphs [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A) and [220-10-45-17 through 45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17). 19. s The carrying amount of foreclosed residential real estate property as required by the last sentence of paragraph [310-10-50-11](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-11) and the amount of loans in the process of foreclosure as required by paragraph [310-10-50-35](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-35). If summarized financial data are regularly reported on a quarterly basis, the foregoing information with respect to the current quarter and the current year-to-date or the last 12 months to date should be furnished together with comparable data for the preceding year. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)
Editor's Note: The pending content for paragraph 270-10-50-1 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
Many [publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") report summarized financial information at periodic interim dates in considerably less detail than that provided in annual financial statements. While this information provides more timely information than would result if complete financial statements were issued at the end of each interim period, the timeliness of presentation may be partially offset by a reduction in detail in the information provided. As a result, certain guides as to minimum disclosure are desirable. (It should be recognized that the minimum disclosures of summarized interim financial data required of publicly traded companies do not constitute a fair presentation of financial position and results of operations in conformity with generally accepted accounting principles \[GAAP\].) If publicly traded companies report summarized financial information at interim dates (including reports on fourth quarters), the following data should be reported, as a minimum: 1. a Sales or gross revenues, provision for income taxes, net income, and comprehensive income 2. b Basic and diluted earnings per share data for each period presented, determined in accordance with the provisions of Topic 260 3. c Seasonal revenue, costs, or expenses (see paragraph [270-10-45-11](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11)) 4. d Significant changes in estimates or provisions for income taxes (see paragraphs [740-270-30-2](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-2), [740-270-30-6](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-6), and [740-270-30-8](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-8)) 5. e Disposal of a component of an entity and unusual or infrequently occurring items (see paragraphs [270-10-45-11A](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-11A) and [270-10-50-5](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-5)) 6. f Contingent items (see paragraph [270-10-50-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-6)) 7. g [Changes in accounting principles,](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.")[changes in accounting estimates,](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-estimate "A change that has the effect of adjusting the carrying amount of an existing asset or liability or altering the subsequent accounting for existing or future assets or liabilities. A change in accounting estimate is a necessary consequence of the assessment, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, and warranty obligations.") or [changes in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity.") (see paragraphs [270-10-45-12 through 45-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) ) 8. h Significant changes in financial position (see paragraph [270-10-50-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-4)) 9. i All of the information about reportable segments required by paragraph [280-10-50-32](https://asc.understandingaccounting.org/asc/280/10/#280-10-50-32), including provisions related to the recasting of segment information in previously issued financial statements. 1. 1 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 2. 2 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 3. 3 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 4. 4 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 5. 5 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 6. 6 Subparagraph superseded by [Accounting Standards Update No. 2023-07](https://asc.understandingaccounting.org/updates/asu-2023-07/). 10. j All of the following information about defined benefit pension plans and other defined benefit postretirement benefit plans, disclosed for all periods presented pursuant to the provisions of Subtopic 715-20: 1. 1 The amount of net periodic benefit cost recognized, for each period for which a statement of income is presented, showing separately the service cost component, the interest cost component, the expected return on plan assets for the period, the gain or loss component, the prior service cost or credit component, the transition asset or obligation component, and the gain or loss recognized due to a settlement or curtailment 2. 2 The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph [715-20-50-1](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1). Estimated contributions may be presented in the aggregate combining all of the following: 1. i Contributions required by funding regulations or laws 2. ii Discretionary contributions 3. iii Noncash contributions. 11. k The information about the use of fair value to measure assets and liabilities recognized in the statement of financial position pursuant to Section 820-10-50 12. l The information about derivative instruments as required by Sections 815-10-50, 815-20-50, 815-25-50, 815-30-50, and 815-35-50 13. m The information about financial instruments as required by Section 825-10-50 14. n The information about certain investments in debt and equity securities as required by Sections 320-10-50, 321-10-50, and 942-320-50 15. o The information about credit losses and impairments as required by Topic 326 on measurement of credit losses and impairments as required by Section 321-10-50 16. p All of the following information about the credit quality of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") and the allowance for credit losses determined in accordance with the provisions of Subtopic 326-20 on financial instruments measured at amortized cost: 1. 1 Nonaccrual and past due financial assets (see paragraphs [326-20-50-14 through 50-18](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-14) ) 2. 2 Allowance for expected credit losses related to financial assets (see paragraphs [326-20-50-10 through 50-13](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-10) ) 3. 3 [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). 4. 4 Credit-quality information related to instruments within the scope of Subtopic 326-20 (see paragraphs [326-20-50-4 through 50-9](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) ) 5. 5 Modifications of financing receivables (see paragraphs [310-10-50-42 through 50-44](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-42) ). 17. q The gross information and net information required by paragraphs [210-20-50-1 through 50-6](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-1) . 18. r The information about changes in accumulated other comprehensive income required by paragraphs [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A) and [220-10-45-17 through 45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17). 19. s The carrying amount of foreclosed residential real estate property as required by the last sentence of paragraph [310-10-50-11](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-11) and the amount of loans in the process of foreclosure as required by paragraph [310-10-50-35](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-35). If summarized financial data are regularly reported on a quarterly basis, the foregoing information with respect to the current quarter and the current year-to-date or the last 12 months to date should be furnished together with comparable data for the preceding year. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-50-1 will be superseded upon transition, together with its heading:
> Disclosure of Summarized Interim Financial Data by Publicly Traded Companies
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-1A](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-1A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ff0f4a31b7f21864d45fc1811b0fb30dd562c6786b743ce63968baf5ed8b3b82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Consistent with paragraph [270-10-50-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-1), a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the Securities and Exchange Commission, shall disclose all of the following information about [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") consistent with the guidance in Topic 606: 1. a A disaggregation of revenue for the period, see paragraphs [606-10-50-5 through 50-6](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-5) and paragraphs [606-10-55-89 through 55-91](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-89) . 2. b The opening and closing balances of receivables, [contract assets](https://asc.understandingaccounting.org/glossary/c/#contract-asset "An entity's right to consideration in exchange for goods or services that the entity has transferred to a customer when that right is conditioned on something other than the passage of time (for example, the entity's future performance)."), and [contract liabilities](https://asc.understandingaccounting.org/glossary/c/#contract-liability "An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.") from contracts with customers (if not otherwise separately presented or disclosed), see paragraph [606-10-50-8(a)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8). 3. c Revenue recognized in the reporting period that was included in the contract liability balance at the beginning of the period, see paragraph [606-10-50-8(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8). 4. d Revenue recognized in the reporting period from [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") satisfied (or partially satisfied) in previous periods (for example, changes in **[transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.")**), see paragraph [606-10-50-12A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12A). 5. e Information about the entity's remaining performance obligations as of the end of the reporting period, see paragraphs [606-10-50-13 through 50-15](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13) . Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-1B](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-1B) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:5880ed9d2ff4346ce202d4b469c9c894447fa22432266e48488ffbec4d9bffa2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Costs and expenses incurred in an interim period that cannot be readily identified with the activities or benefits of other interim periods shall be charged to the interim period in which incurred. Disclosure in the notes to financial statements shall be made as to the nature and amount of such costs unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year. (See paragraph [270-10-45-8(b)](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-8).) Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-2) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ca2a3d43158b2ff78c853b03310614d9489f67778115f6c2ad315d853c8771fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If interim financial data and disclosures are not separately reported for the fourth quarter, users of the interim financial information often make inferences about that quarter by subtracting data based on the third quarter interim report from the annual results. In the absence of a separate fourth quarter report or disclosure of the results (as outlined in the preceding paragraph) for that quarter in the annual report, disposals of components of an entity and unusual or infrequently occurring items recognized in the fourth quarter, as well as the aggregate effect of year-end adjustments that are material to the results of that quarter (see paragraphs [270-10-05-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-05-2) and [270-10-45-10](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-10)) shall be disclosed in the annual report in a note to the annual financial statements. If a [publicly traded company](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") that regularly reports interim information makes an [accounting change](https://asc.understandingaccounting.org/glossary/a/#accounting-change "A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.") during the fourth quarter of its fiscal year and does not report the data specified by the preceding paragraph in a separate fourth quarter report or in its annual report, the disclosures about the effect of the accounting change on interim periods that are required by paragraphs [270-10-45-12 through 45-14](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) or by paragraph [250-10-45-15](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-15), as appropriate, shall be made in a note to the annual financial statements for the fiscal year in which the change is made. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-3](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:38d092366752983e08f9c74fcbd288b1bbe91b8ac70f43c89a386168fab5d550 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Disclosure of the impact of the financial results for interim periods of the matters discussed in paragraphs [270-10-45-12 through 45-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) and [270-10-50-5 through 50-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-5) is desirable for as many subsequent periods as necessary to keep the reader fully informed. There is a presumption that users of summarized interim financial data will have read the latest published annual report, including the financial disclosures required by generally accepted accounting principles (GAAP) and management's commentary concerning the annual financial results, and that the summarized interim data will be viewed in that context. In this connection, management is encouraged to provide commentary relating to the effects of significant events upon the interim financial results. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-4) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:1f5ed05cd9202cc8601afb11853e6f0b331903ac5bfbcd820f21570a7fa3cb93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Publicly traded companies are encouraged to publish balance sheet and cash flow data at interim dates since these data often assist users of the interim financial information in their understanding and interpretation of the income data reported. If condensed interim balance sheet information or cash flow data are not presented at interim reporting dates, significant changes since the last reporting period with respect to liquid assets, net working capital, long-term liabilities, or stockholders' equity shall be disclosed. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) #### Unusual or Infrequent Items ##### [270-10-50-5](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-5) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:4cb01c39f21999f1979be5de6d2d842a0f408f6adcb161600076f91d0a8a3b0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Matters such as unusual seasonal results, business combinations, and [acquisitions by not-for-profit entities](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities.") shall be disclosed to provide information needed for a proper understanding of interim financial reports. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-50-5 will be superseded upon transition, together with its heading.
> Unusual or Infrequent Items
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) #### Contingencies ##### [270-10-50-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-6) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:1b31277254955ba41ddc5a64263f07c7a19b9195c47899fcab475210623e2ee8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contingencies and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date shall be disclosed in interim reports in the same manner required for annual reports. Such disclosures shall be repeated in interim and annual reports until the contingencies have been removed, resolved, or have become immaterial. The significance of a contingency or uncertainty should be judged in relation to annual financial statements. Disclosures of such items shall include, but not be limited to, those matters that form the basis of a qualification of an independent auditor's report. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-50-6 will be superseded upon transition, together with its heading.
> Contingencies
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) #### Leases ##### [270-10-50-6A](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-6A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:8d8ff901f3b3c867a2cda5735608bd6ab0fc1c786f7212d2f78315607861dae3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [lessor](https://asc.understandingaccounting.org/glossary/l/#lessor "An entity that enters into a contract to provide the right to use an underlying asset for a period of time in exchange for consideration.") shall disclose a table of all lease-related income items in its interim financial statements (see paragraph [842-30-50-5](https://asc.understandingaccounting.org/asc/842/30/#842-30-50-5) for lease-related income items). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-50-6A will be superseded upon transition, together with its heading.
> Leases
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) #### Guidance Related to Disclosure of Other Topics at Interim Dates ##### [270-10-50-7](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-7) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:0e1632f4e4f60a736601f8be69fc02c3ef6263f9f498669e91bc21a19bea243f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following may not represent all references to interim disclosure: 1. a For business combinations and combinations accounted for by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans."), see Sections 805-10-50, 805-20-50, 805-30-50, 805-740-50, and 958-805-50. 2. b For compensation-related costs, see paragraphs [715-60-50-3](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-3) and [715-60-50-6](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-6). 3. c For disclosures required for entities with oil- and gas-producing activities, see paragraph [932-270-50-1](https://asc.understandingaccounting.org/asc/270/932/#270-932-50-1). 4. d For disclosures related to prior interim periods of the current fiscal year, see paragraph [250-10-50-11](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-11). 5. e For fair value requirements, see Section 820-10-50. 6. f For guarantors, see Section 460-10-50. 7. g For pensions and other postretirement benefits, see paragraphs [715-20-50-6 through 50-7](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-6) . 8. h For reportable segments, see paragraphs [280-10-50-39](https://asc.understandingaccounting.org/asc/280/10/#280-10-50-39) and [280-10-55-16](https://asc.understandingaccounting.org/asc/280/10/#280-10-55-16). 9. i For suspended well costs and interim reporting, see Section 932-235-50. 10. j For applicability of disclosure requirements related to risks and uncertainties, see paragraph [275-10-15-3](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-3). 11. k For discontinued operations, see paragraphs [205-20-50-1 through 50-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-1) . 12. l For disposals of individually significant components of an entity, see paragraph [360-10-50-3A](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3A). 13. ll For disclosure requirements on the amount of obligations outstanding under a supplier finance program, see paragraph [405-50-50-4](https://asc.understandingaccounting.org/asc/405/50/#405-50-50-4). 14. m For insurance entities that account for short-duration contracts, see paragraphs [944-40-50-3](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-3) and [944-40-50-4E](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-4E). 15. n For insurance entities that account for long-duration contracts, see paragraphs [944-30-50-2A through 50-2B](https://asc.understandingaccounting.org/asc/944/30/#944-30-50-2A) , [944-40-50-6 through 50-7C](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-6), and [944-80-50-1 through 50-2](https://asc.understandingaccounting.org/asc/944/80/#944-80-50-1) . 16. o For disclosure requirements on investments that generate income tax credits and other income tax benefits from a tax credit program, see paragraphs [323-740-50-1 through 50-2](https://asc.understandingaccounting.org/asc/323/740/#323-740-50-1) . 17. p For disclosure requirements for crypto assets, see paragraphs [350-60-50-1](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-1) and [350-60-50-6 through 50-7](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-6) . Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)The following may not represent all references to interim disclosure: 1. a For business combinations and combinations accounted for by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans."), see Sections 805-10-50, 805-20-50, 805-30-50, 805-740-50, and 958-805-50. 2. b For compensation-related costs, see paragraphs [715-60-50-3](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-3) and [715-60-50-6](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-6). 3. c For disclosures required for entities with oil- and gas-producing activities, see paragraph [932-270-50-1](https://asc.understandingaccounting.org/asc/270/932/#270-932-50-1). 4. d For disclosures related to prior interim periods of the current fiscal year, see paragraph [250-10-50-11](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-11). 5. e For fair value requirements, see Section 820-10-50. 6. f For guarantors, see Section 460-10-50. 7. g For pensions and other postretirement benefits, see paragraphs [715-20-50-6 through 50-7](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-6) . 8. h For reportable segments, see paragraphs [280-10-50-39](https://asc.understandingaccounting.org/asc/280/10/#280-10-50-39) and [280-10-55-16](https://asc.understandingaccounting.org/asc/280/10/#280-10-55-16). 9. i For suspended well costs and interim reporting, see Section 932-235-50. 10. j For applicability of disclosure requirements related to risks and uncertainties, see paragraph [275-10-15-3](https://asc.understandingaccounting.org/asc/275/10/#275-10-15-3). 11. k For discontinued operations, see paragraphs [205-20-50-1 through 50-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-1) . 12. l For disposals of individually significant components of an entity, see paragraph [360-10-50-3A](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3A). 13. ll For disclosure requirements on the amount of obligations outstanding under a supplier finance program, see paragraph [405-50-50-4](https://asc.understandingaccounting.org/asc/405/50/#405-50-50-4). 14. m For insurance entities that account for short-duration contracts, see paragraphs [944-40-50-3](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-3) and [944-40-50-4E](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-4E). 15. n For insurance entities that account for long-duration contracts, see paragraphs [944-30-50-2A through 50-2B](https://asc.understandingaccounting.org/asc/944/30/#944-30-50-2A) , [944-40-50-6 through 50-7C](https://asc.understandingaccounting.org/asc/944/40/#944-40-50-6), and [944-80-50-1 through 50-2](https://asc.understandingaccounting.org/asc/944/80/#944-80-50-1) . 16. o For disclosure requirements on investments that generate income tax credits and other income tax benefits from a tax credit program, see paragraphs [323-740-50-1 through 50-2](https://asc.understandingaccounting.org/asc/323/740/#323-740-50-1) . 17. p For disclosure requirements for crypto assets, see paragraphs [350-60-50-1](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-1) and [350-60-50-6 through 50-7](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-6) . 18. q For income statement expense disaggregation, see Subtopic 220-40. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-50-7 will be superseded upon transition, together with its heading.
> Guidance Related to Disclosure of Other Topics at Interim Dates
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [270-10-50-8](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-8) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:6058d0a107c1da74f04c262df3cf361749071fe986b8819615eb419eb23c44cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)This Section provides the following disclosure guidance for interim financial statements and notes in accordance with generally accepted accounting principles (GAAP): 1. a Disclosure requirements of this Topic 2. b Interim disclosure requirements of other Topics for condensed statements 3. c Disclosure principle. The disclosures in (a) and (b) and the disclosure principle in (c) are designed to complement each other. In determining which disclosures to provide in condensed statements, an entity shall evaluate the list of disclosures to determine whether a disclosure is required to be provided in an interim period. All entities, except those that provide notes subject to applicable annual disclosure requirements in GAAP, shall consider the disclosure principle in paragraphs [270-10-50-67 through 50-70](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-67) to determine whether any additional disclosures are necessary in an interim reporting period. #### Disclosure Requirements of This Topic ##### [270-10-50-9](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-9) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:cb7375cd96456e42c69c400c194b77f75113428b6a6f1cbfd205b0d833f41abe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)All entities shall disclose the following information in their interim financial statements and notes in accordance with GAAP: 1. a Sales or gross revenues, provision for income taxes, net income, and comprehensive income 2. b Significant changes in estimates or provisions for income taxes (see paragraphs [740-270-30-2](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-2), [740-270-30-6](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-6), and [740-270-30-8](https://asc.understandingaccounting.org/asc/270/740/#270-740-30-8)) 3. c The nature and amount of costs and expenses incurred in an interim period that cannot be readily identified with the activities or benefits of other interim periods unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year. 4. d Information needed for a proper understanding of the impact of unusual or infrequent items such as unusual seasonal results. 5. e The seasonal nature of activities for an entity with material seasonal variations in revenue, costs, or expenses. 6. f When an entity uses estimated gross profit rates to determine the cost of goods sold during interim periods or uses other methods different from those used at annual inventory dates, the method used to determine the cost of goods sold at the interim date and any significant adjustments that result from reconciliations with the annual physical inventory. 7. g Error corrections that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to the trend of earnings, as indicated in paragraph [250-10-45-27](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-27). 8. h A statement that interim financial statements are to be read in conjunction with the most recently issued annual financial statements and notes in accordance with GAAP. This disclosure is applicable only for entities that are not Securities and Exchange Commission (SEC) registrants and that provide condensed statements in accordance with the guidance in paragraphs [270-10-45-22 through 45-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-22) . ##### [270-10-50-10](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-10) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:dbe441faaa512cdfb3fee81dd09616ebaaf0bc2b9ce61fc1f802b31c55a2a101 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If interim financial statements and notes in accordance with GAAP are not separately reported for the fourth quarter, users of the interim financial information often make inferences about that quarter by subtracting data based on the third quarter interim financial statements and notes in accordance with GAAP from the annual results. In the absence of separate fourth quarter financial statements, disposals of components of an entity and unusual or infrequently occurring items recognized in the fourth quarter, as well as the aggregate effect of year-end adjustments that are material to the results of that quarter (see paragraphs [270-10-05-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-05-2) and [270-10-45-10](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-10)), shall be disclosed in a note to the annual financial statements. If an entity that regularly provides interim financial statements and notes in accordance with GAAP makes an [accounting change](https://asc.understandingaccounting.org/glossary/a/#accounting-change "A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.") during the fourth quarter of its fiscal year and does not report the data specified by paragraph [270-10-50-9](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-9)in a separate fourth quarter report or in its annual report, the disclosures about the effect of the accounting change on interim periods that are required by paragraphs [270-10-45-12 through 45-14](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) or by paragraph [250-10-45-15](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-15), as appropriate, shall be made in a note to the annual financial statements for the fiscal year in which the change is made. #### Interim Disclosure Requirements of Other Topics for Condensed Statements ##### [270-10-50-11](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-11) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:03a537b3a7ce12b31183c45bfaecf039a0a2315c465d1187705f4051fe920638 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Paragraphs [270-10-50-12 through 50-66](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-12) include a list of interim disclosure requirements for [condensed statements](https://asc.understandingaccounting.org/glossary/c/#condensed-statements "(P) December 16, 2027; (N) December 16, 2028 270-10-65-1 Financial statements that are presented at a level that is more aggregated than the annual financial statements or have limited notes subject to the disclosure requirements in Topic 270 or both. (U.S. Securities and Exchange Commission [SEC] registrants are required to consider the guidance in paragraph 270-10-S45-2. See Regulation S-X Rule 10-01 [17 CFR 210.10-01] and Regulation S-X Rule 8-03 [17 CFR 210.8-03].)") (see paragraphs [270-10-45-20 through 45-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-20) for form and content guidance for condensed statements). While this Section provides a list of the interim disclosure requirements, an entity should refer to each referenced Topic to determine the scope of the disclosures and related requirements. Throughout the Codification there are specific disclosures that are required for an event or a transaction. When an event or transaction occurs during an interim period, an entity shall consider whether incremental disclosures are required as a result of the assessment of the disclosure principle beginning in paragraph [270-10-50-67](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-67) and, if applicable, apply the disclosure requirements of the related Topic. ##### [270-10-50-12](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-12) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:7e27368a776e97802868fe91661e30da56d38af327124b7c46f93f8ff8d9b067 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-10-50-1
##### [270-10-50-13](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-13) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:88568aec5cb6778b6c3c6a6d07f7d412e576a9e122c7af3bad3767949db0fc9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-20-50-1
205-20-50-3 through 50-3A
205-20-50-4A through 50-4B
205-20-50-5A through 50-5D
205-20-50-7
##### [270-10-50-14](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-14) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:35fee0f343da4972e185138b59441bc83520c6c2ed609f3f1ff3617414f2652f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-40-50-12 through 50-14
##### [270-10-50-15](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-15) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ec5aa0127275094d0e7135f863339126ac17f86ea7063efff2591cbbafe2e4bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
210-20-50-1 through 50-6
##### [270-10-50-16](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-16) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:f151cd2d45c02163d3e77072ecf174b4055dda30d4f3a453e7eb170146a2172a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-10-50-4 through 50-6
##### [270-10-50-17](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-17) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:d354afedfb6fbb1d2042efd387dc256e2733f112a985641d6ce4fc7018944146 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-20-50-1
##### [270-10-50-18](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-18) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:29e04567e1523b7504f2971bfda1c920bb4f016e4372e89c649a16875ceebcf4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-40-50-4
220-40-50-6 through 50-11
220-40-50-19 through 50-22
220-40-50-26 through 50-36
##### [270-10-50-19](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-19) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:366cc3d958e82ed193b6ae93af3961c981a14f51825d33a8e1897078489f36f7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
250-10-50-1 through 50-4
250-10-50-6 through 50-9
250-10-50-11 through 50-12
##### [270-10-50-20](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-20) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:6bcd89812544cc9945ef97b414b9e24c8ae2dedfcb2ca9b442b8f8dc8b8eb02d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
260-10-50-1
260-10-50-2 through 50-3
##### [270-10-50-21](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-21) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:13ae562a56dbd13d8dec0e5172c652fd613b816dc3d69ccc0ecced7417fb973c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
280-10-50-22 through 50-26C
280-10-50-28A through 50-28B
280-10-50-32
##### [270-10-50-22](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-22) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:0f624739b39c5e4293bbf95632d63628dbe9381d0fa0f70ca767f0cd169a0d25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
310-10-50-11
310-10-50-35
310-10-50-41 through 50-44
##### [270-10-50-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-23) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:41a2db739e239ebcc320418b8c9e9107232e8b6bf9a97267e453e5085ac5038c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
320-10-50-2 through 50-3
320-10-50-5 through 50-5C
320-10-50-9 through 50-10
##### [270-10-50-24](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-24) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:fffcbd4a1b6ff08c0ba3cc802a11bf92e4a6accbbbd51e4c65b1f336f96fc4fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
321-10-50-3 through 50-4
##### [270-10-50-25](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-25) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:98763a56c514a276ce0efd6665f3d2834840c90d386c67018ba8d44cb9ed8280 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
326-20-50-4 through 50-12
326-20-50-13 through 50-18
##### [270-10-50-26](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-26) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:c15a5767045b5c4b1f341b29edc64010562b12e7b1e2bfd4a14c2b63fa4fa691 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
326-30-50-4 through 50-5
326-30-50-7 through 50-9
##### [270-10-50-27](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-27) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:b8e18af989d24b48017444afbd9a5c9a84df211d67353ff2aed462ec3df279fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
350-60-50-1
350-60-50-6 through 50-7
##### [270-10-50-28](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-28) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:95251c14083901ee3e733c748e3883be97cb8408bd96e7af283b153577c32cd1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
360-10-50-3A
##### [270-10-50-29](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-29) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:e38744770784ec2f6b3a19d76a2c8f79e0fb93eb880a3c79e05f88c3363859dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
405-50-50-4
##### [270-10-50-30](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-30) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:54c0eb8e16c36fe1dacc495d5aa0b0668e23bf68594cbfe45f21ef549cbf931d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
420-10-50-1
##### [270-10-50-31](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-31) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:a44e9a14f2c11cabb2c335a37e7966103e3c4257c0996814bd75e2da0a8f7db1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
460-10-50-2 through 50-4
460-10-50-8
##### [270-10-50-32](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-32) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:3f35f50075a02d0ba68e3700868e8a7ace5d7ea3af576edf2c7260a29e47a390 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
470-20-50-2A
470-20-50-2C
##### [270-10-50-33](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-33) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:0b24de7bddd9672461b463845a8447256090bd9562dcdb2be0a9b7ebf535a004 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
505-10-50-2 through 50-3
##### [270-10-50-34](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-34) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:e359f221326b911f91ff2b8f714d274dd8d3c845cc569fca9b9b85dbb0c52857 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
606-10-50-5 through 50-6
606-10-50-8
606-10-50-12A through 50-15
##### [270-10-50-35](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-35) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:3bf90682d0b6c9cc838e4336d971b7843b31786c8461b04623218e563b20c258 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
715-20-50-6 through 50-7
##### [270-10-50-36](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-36) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ae109ff0931a685a5ea484eb5bbfc968f93bebbb27274d2534cfeeb06c1ee381 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
715-60-50-3
715-60-50-6
##### [270-10-50-37](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-37) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:fc86decf82c1e7544a1d3438b5398c71b171d8851495e19ebaca7bf3de097eb8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
740-270-50-1
##### [270-10-50-38](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-38) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ea3cb837498f55e404c99cbc5ed4692aea09226392107cd49f3f2f9519bdc1f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
740-323-50-1 through 50-2
##### [270-10-50-39](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-39) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:70068208e0c61d208ba9587706a45f5882e5c42f3e99ed67a73b535ca93f1014 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-10-50-1 through 50-5
805-10-50-7
##### [270-10-50-40](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-40) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:c27da8c303db3d7aec9519ce51b2e4ac781b7dc1abafde9b6bb7311eb4e1b0cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-20-50-1 through 50-5
##### [270-10-50-41](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-41) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:c04dcae05da031bff6441642e70e0806608d80db84b27b2d3a616acc0c6a5b0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-30-50-1 through 50-4
##### [270-10-50-42](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-42) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:a63c41ef0a7a7314fbe806627d3e1e470e0a50625525b47f9e01bd4f254dda7f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
808-10-50-1
##### [270-10-50-43](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-43) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:dcf3c29d48d443cef5c21a193669d05eb66d2cceff585df0b43f0da6281dddfe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
810-10-50-3 through 50-4
810-10-50-5A
810-10-50-6
810-10-50-9
810-10-50-21
##### [270-10-50-44](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-44) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:59c6a9dda618a4805423d6b4ad71867487e66b88ee16a415d31642565f54ad63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-10-50-1 through 50-4EEE
815-10-50-4F through 50-4H
815-10-50-4K through 50-4L
815-10-50-5C
815-10-50-8
##### [270-10-50-45](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-45) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:c6261acbbd3f2c2e163365380fcc3619a59ced9f86dda24c99f03ba5b5e23df7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-15-50-2
##### [270-10-50-46](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-46) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:91878863644f3e10107a65c05595eeb7e4bd804d422595d95786c4389f842094 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-30-50-1 through 50-2
##### [270-10-50-47](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-47) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:156124908f9499894813bf61ef261bdc2158ef14378bec7527dcfac70e9a22a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-40-50-2A
##### [270-10-50-48](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-48) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:4e5ffb1333c5e51042c25069a4aafbe6a241036b1c1a70976606db932af5c463 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
820-10-50-2
820-10-50-2G
820-10-50-3
820-10-50-4A
820-10-50-6A through 50-6B
820-10-50-8
##### [270-10-50-49](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-49) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:a69b5aa7f1afa3cb29a20d26232c27089c41ad5977d0f2fcd2036f72e5f811d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
825-10-50-10 through 50-11
825-10-50-12
825-10-50-20 through 50-21
825-10-50-28
825-10-50-30 through 50-32
##### [270-10-50-50](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-50) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:bb5af0e9771e77e3bf2c476e4c8c1b25e86ffd5bbda00e811bbe61da5722c6a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
842-30-50-5
##### [270-10-50-51](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-51) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:35a5d81566a8b9feecd3e06ee49473745d752978891fedb58f73dbf08dcc38e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-10-50-4A
##### [270-10-50-52](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-52) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:abbed8d94c2c61775a092726b164e1f4c0128aaf4eeda0e264bbd19e82b5abf2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-20-50-2A through 50-4
860-20-50-4D through 50-5
##### [270-10-50-53](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-53) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:e95d6c85e9953dedb4f3476f4f9dee4b02d5615bb0a82d88424738586785c117 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-30-50-1A
860-30-50-7
##### [270-10-50-54](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-54) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:07803896288358a69fda62f5936e558e192642d3ac1167ae7a580348132042e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-50-50-2 through 50-5
##### [270-10-50-55](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-55) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:1bcf3bcd82b12ff4b9366a619f98fc9d49c7d730190ed98fe515615e1dced9db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
932-270-50-1
##### [270-10-50-56](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-56) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:76b951ae1d62202e22dbf848cb4f6355d33bfa7f130170c2d4bd665d9208587b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
942-320-50-2 through 50-4
##### [270-10-50-57](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-57) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ffcdd479f23e726d6f88e69e1d9c360ad5bb615476501b1467f7790e741d4fb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-30-50-2A through 50-2B
##### [270-10-50-58](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-58) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:e3a702c31b720df386d12a00d618bdcc66f8acc0c8e577eaaf3a524a9c53ff9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-40-50-3
944-40-50-4A
944-40-50-4E
944-40-50-6 through 50-7C
944-40-50-9(a)(5)
##### [270-10-50-59](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-59) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:4e6839035e99229f8fdba7a58adb2e34148e5243eb96db6b32fc9595a647ebd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-60-50-2
##### [270-10-50-60](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-60) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:1133ba6bd0016a3cf38aaa484bed5a954ac297e2d694a6e7ef5b314645b8a0db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-80-50-1 through 50-2
##### [270-10-50-61](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-61) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:7841d5e72b0583a0571ebe598fa804ac7d4c011cc188787bfcd845c967a73c7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-310-50-3
##### [270-10-50-62](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-62) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:421617d8d6283dd3130ff7b6b8ac008bd356fde00253cb2892f600f5fe5d66f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-605-50-4
##### [270-10-50-63](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-63) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:4bfa826081b5484cbd1c4a0f67189003fae52114a74ac360f0feb6ae2bbb7705 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
946-20-50-3
946-20-50-10
##### [270-10-50-64](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-64) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:ae48dbf255767a3c532dc69e057086ea7e374197901377040b0d5d4e5782ee24 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
946-205-50-18
##### [270-10-50-65](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-65) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:9dba6697507960ead6200c16496432243da1fd63cf2190cd4370f493b2fd1bf5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
954-805-50-1 through 50-3
##### [270-10-50-66](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-66) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:7334117d0cf301d1eb561ef3eaa591762dfb58b613862003440fc4ff4e1dd1ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The following table includes disclosure requirements for condensed statements:
Paragraph Number
958-805-50-2 through 50-6
958-805-50-8 through 50-14
958-805-50-16 through 50-17
#### Disclosure Principle ##### [270-10-50-67](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-67) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:69a480762ca1af4b0be284c4f5305e5f26a0a255f3fd35565511b55cd6886861 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Interim financial statements and notes in accordance with GAAP shall include disclosures either on the face of the financial statements or in accompanying footnotes sufficient so as to make interim financial statements and notes in accordance with GAAP presented not misleading. An entity that is an SEC registrant may presume that users of interim financial statements and notes in accordance with GAAP have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. (Paragraphs [270-10-45-21 through 45-23](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-21) provide guidance for an entity that is not an SEC registrant.) Accordingly, footnote disclosure which would substantially duplicate the disclosure contained in the most recent annual report to security holders or latest annual financial statements, such as a statement of significant accounting policies and practices and details of accounts which have not changed significantly in amount or composition since the end of the most recently completed fiscal year, may be omitted. ##### [270-10-50-68](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-68) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:465f80153781cc75107074b24deb87e0005302e9255359df6a16797ecc2c5aa1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)However, disclosure shall be provided where events subsequent to the end of the most recent fiscal year have occurred which have a material impact on the entity. Disclosures shall encompass (but not be limited to), for example, significant changes since the end of the most recently completed fiscal year in such items as accounting principles and practices; estimates inherent in the preparation of financial statements; status of long-term contracts; capitalization including significant new borrowings or modification of existing financing arrangements; and the reporting entity resulting from business combinations or dispositions. Notwithstanding the above, where material contingencies exist, disclosure of such matters shall be provided even though a significant change since year-end may not have occurred. ##### [270-10-50-69](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-69) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:eeddc2055bb6e424ac62fc37688b7070505e03ef9ed4eb0988ee20ba21f7dff9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Contingencies and other uncertainties that could be expected to affect the fairness of presentation of financial statements at an interim date shall be disclosed in interim reporting periods in the same manner required for annual reporting periods. Such disclosures shall be repeated in interim and annual financial statements and notes in accordance with GAAP until the contingencies have been removed, resolved, or have become immaterial. The significance of a contingency or uncertainty should be judged in relation to annual financial statements. ##### [270-10-50-70](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-70) Pending content: yes Source downloaded (UTC): 2026-09-09T23:19:57.491Z to 2026-09-09T23:19:57.491Z Record version: sha256:92b134ad8ed5d6d96015d66515ba756711feac93336a4e3f7573b4749bd7dfe4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)An entity that provides disclosure about events since the end of the last annual reporting period that have a material impact on the entity (for example, an impairment or a restructuring) that occur during an interim period in accordance with paragraph [270-10-50-68](https://asc.understandingaccounting.org/asc/270/10/#270-10-50-68) shall consider the annual disclosure requirements in other Topics as the basis for the relevant disclosures for the current interim period. The relevant disclosures for the current interim period shall focus on the event that should be captured under the disclosure principle. Therefore, all of the annual disclosure requirements in those other Topics may not be relevant. Source downloaded (UTC): 2026-09-09T23:20:00.887Z to 2026-09-09T23:20:00.887Z Record version: sha256:ea44d9c55a04ee397fd49400627b7bf9871cfc1c260e5e4e7f5cf84d82cd3839 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/270/10/#60-relationships) SEC content: no #### Fair Value Measurements and Disclosures ##### [270-10-60-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-60-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:20:00.887Z to 2026-09-09T23:20:00.887Z Record version: sha256:fe86c4e6feedbb204b7e552cbcd381a856d4643352cbee2e3c4f820399a05b70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For additional disclosure guidance for the reporting entity, see Section 820-10-50. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)
Editor's Note: Paragraph 270-10-60-1 will be superseded upon transition, together with its heading.
> Fair Value Measurements and Disclosures
[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) Source downloaded (UTC): 2026-09-09T23:20:03.567Z to 2026-09-09T23:20:03.567Z Record version: sha256:2cd7dfc73e3490de9df4b965bf36fc72904f7bda7787d4a71b9af98fd70e1257 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/270/10/#65-transition-and-open-effective-date-information) SEC content: no #### Transition Related to Accounting Standards Update No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements ##### [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:03.567Z to 2026-09-09T23:20:03.567Z Record version: sha256:dec0a1c996f954caf4e98598a8c7fe9f1e606828e197b456db0e84ac0196d344 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2025-11](https://asc.understandingaccounting.org/updates/asu-2025-11/) 2030-06-14 2027-12-16 2027-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 2028-12-16 The following represents the transition and effective date information related to Accounting Standards Update No. 2025-11, _Interim Reporting (Topic 270): Narrow-Scope Improvements_: **Effective date and early adoption** 1. a A public business entity shall apply the pending content that links to this paragraph for interim reporting periods within annual reporting periods beginning after December 15, 2027. An entity other than a public business entity shall apply the pending content that links to this paragraph for interim reporting periods within annual reporting periods beginning after December 15, 2028. 2. b Early adoption of the pending content that links to this paragraph is permitted in any interim reporting period in which financial statements have not yet been issued or made available for issuance. **Transition method** 1. c An entity shall apply the pending content that links to this paragraph using one of the following transition methods: 1. 1 Prospectively to interim financial statements and notes in accordance with generally accepted accounting principles (GAAP) issued for interim reporting periods beginning after the date of adoption. The disclosures required by the pending content that links to this paragraph do not need to be included in interim financial statements and notes in accordance with GAAP for interim reporting periods beginning before the date of adoption that are being presented for comparative purposes. 2. 2 Retrospectively to any or all prior interim reporting periods presented in the interim financial statements and notes in accordance with GAAP. Source downloaded (UTC): 2026-09-09T23:20:07.359Z to 2026-09-09T23:20:07.359Z Record version: sha256:16f18f5b052ae44984ce97f4b2d4da9d9e216049cf96bc908bea079d8305b5aa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-00-status) SEC content: yes ##### [270-10-S00-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:07.359Z to 2026-09-09T23:20:07.359Z Record version: sha256:ac876ec1c092d454905e51105959ed693d5024c3c094d98e99c3c505167884e5 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
270-10-S99-1AmendedAccounting Standards Update No. 2020-0910/22/2020
270-10-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
270-10-S99-1AmendedAccounting Standards Update No. 2012-0308/27/2012
270-10-S99-1AmendedAccounting Standards Update No. 2010-2108/02/2010
270-10-S99-2AmendedAccounting Standards Update No. 2010-2208/19/2010
Source downloaded (UTC): 2026-09-09T23:20:10.617Z to 2026-09-09T23:20:10.617Z Record version: sha256:95899918806047059a1c84a2fa3b12227de75622065e0d3859321d6d4fe239c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-45-other-presentation-matters) SEC content: yes #### Form and Content ##### [270-10-S45-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:10.617Z to 2026-09-09T23:20:10.617Z Record version: sha256:8ab3619827ca7b75a8159f929511f702f9fda115c72bb6883dce7070ee056884 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [220-10-S99-1(d)](https://asc.understandingaccounting.org/asc/220/10/#220-10-S99-1), Regulation S-X Rule 3-03(d), for requirements to reflect adjustments in interim financial statements. ##### [270-10-S45-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:10.617Z to 2026-09-09T23:20:10.617Z Record version: sha256:af09b6bd2c2a9debf6a0a662cb7517307cf23e144fb434f9864e90ee0537a2e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-1), Regulation S-X Rule 10-01, for requirements for form and content of interim financial statements. Smaller reporting companies, as defined in Item 10(f)(1) of Regulation S-K, should comply with the similar requirements in Regulation S-X Rule 8-03. #### Separately Presented Captions Previously Combined ##### [270-10-S45-3](https://asc.understandingaccounting.org/asc/270/10/#270-10-S45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:10.617Z to 2026-09-09T23:20:10.617Z Record version: sha256:d4d3d81300bec4d4932845a8adff12c256963a1a4d0538fb7a4815839d822ea8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-2), SAB Topic 6.G.2, Question 1, for SEC Staff views on separately presenting captions in the Form 10Q that were previously combined. #### Separate Presentation of Inventory Components ##### [270-10-S45-4](https://asc.understandingaccounting.org/asc/270/10/#270-10-S45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:10.617Z to 2026-09-09T23:20:10.617Z Record version: sha256:d24c40faf68dc6c1e32591dd957d0a52a0e8807b227f3fa5737179d5913e8e3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-2), SAB Topic 6.G.2.a, Question 3, for SEC Staff views regarding separate presentation of inventory components. Source downloaded (UTC): 2026-09-09T23:20:12.950Z to 2026-09-09T23:20:12.950Z Record version: sha256:3e6ba61cd88285ee3153d4130eb283ac222eace7795fc02a649e72085fb5945b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-50-disclosure) SEC content: yes #### Inclusion of Certain Necessary Adjustments in Interim Financial Statements ##### [270-10-S50-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:12.950Z to 2026-09-09T23:20:12.950Z Record version: sha256:81c84c1fa116d1aa89dce2efa9067a38d8eb01344716e9659dee38dbca2468fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [220-10-S99-1(d)](https://asc.understandingaccounting.org/asc/220/10/#220-10-S99-1), Regulation S-X Rule 3-03(d), for disclosure requirements when including certain required adjustments in interim financial statements. #### Required Various Disclosure in Interim Financial Statements ##### [270-10-S50-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:12.950Z to 2026-09-09T23:20:12.950Z Record version: sha256:763994b38438ec172d5ef04d5d4bc5066a95d253338ddfc2002a8e4ce6da731f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-1(b)](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-1), Regulation S-X Rule 10-01(b), for various disclosure requirements in interim financial statements. Smaller reporting companies, as defined in Item 10(f)(1) of Regulation S-K, should comply with the similar requirements in Regulation S-X Rule 8-03. Source downloaded (UTC): 2026-09-09T23:20:15.093Z to 2026-09-09T23:20:15.093Z Record version: sha256:f49835c881360d68a80c1c836029e313aa106e94e135768d7e4084155e9aba1c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-S55: SEC 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-55-implementation-guidance-and-illustrations) SEC content: yes #### Computation of when Major Income Statement Captions May Be Combined ##### [270-10-S55-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:15.093Z to 2026-09-09T23:20:15.093Z Record version: sha256:7d76d133b4ae98046e81499b1d482b18ec537725de9c23d6a3febb170ddb4b77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-2), SAB Topic 6.G.2.a, Question 2, for SEC Staff views on the meaning of "net income" as used in the calculation of combining income statement captions for compliance with Regulation S-X Rules 10-01(a)(2) and (3). #### Computation of Cash Flows Provided by Operations for the Three Most Recent Years ##### [270-10-S55-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S55-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:15.093Z to 2026-09-09T23:20:15.093Z Record version: sha256:2fda801ce37e113eeacad76d2274fd0954d1dc1374c9198d116b12cb360d5fec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-2), SAB Topic 6.G.2.a, Question 4, for SEC Staff views on the calculation of determining what sources and applications of cash and cash equivalents must be presented separately in order to comply with Regulation S-X Rule 10-01(a)(4). Source downloaded (UTC): 2026-09-09T23:20:17.142Z to 2026-09-09T23:20:17.142Z Record version: sha256:64486d709687976b0b8e6f65f52c4d8a9b7a1b98753d584d68a4085bea20417b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 270-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [270-10-S99-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:17.142Z to 2026-09-09T23:20:17.142Z Record version: sha256:cb09f8ad7d9f30df74b3b87acfc5e7cda48e640fca1bfb80b4176e5aae2be28d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 10-01, Interim Financial Statements (17 CFR 210.10-01). - (a) Condensed statements. Interim financial statements shall follow the general form and content of presentation prescribed by the other sections of this Regulation with the following exceptions: - - (1) Interim financial statements required by this rule need only be provided as to the registrant and its subsidiaries consolidated and may be unaudited. Separate statements of other entities which may otherwise be required by this regulation may be omitted. - (2) Interim balance sheets shall include only major captions (i. e., numbered captions) prescribed by the applicable sections of this Regulation with the exception of inventories. Data as to raw materials, work in process and finished goods inventories shall be included either on the face of the balance sheet or in the notes to the financial statements, if applicable. Where any major balance sheet caption is less than 10% of total assets, and the amount in the caption has not increased or decreased by more than 25% since the end of the preceding fiscal year, the caption may be combined with others. - (3) Interim statements of comprehensive income shall also include major captions prescribed by the applicable sections of part 210 of this chapter (Regulation S-X). When any major statement of comprehensive income (or statement of net income if comprehensive income is presented in two separate but consecutive financial statements) caption is less than 15% of average net income for the most recent three fiscal years and the amount in the caption has not increased or decreased by more than 20% as compared to the corresponding interim period of the preceding fiscal year, the caption may be combined with others. In calculating average net income, loss years should be excluded. If losses were incurred in each of the most recent three years, the average loss shall be used for purposes of this test. Notwithstanding these tests, §210.4-02 applies and de minimis amounts therefore need not be shown separately, except that registrants reporting under § 210.9 shall show investment securities gains or losses separately regardless of size. - (4) The statement of cash flows may be abbreviated starting with a single figure of net cash flows from operating activities and showing cash changes from investing and financing activities individually only when they exceed 10% of the average of net cash flows from operating activities for the most recent three years. Notwithstanding this test, § 210.4-02 applies and de minimis amounts therefore need not be shown separately. - (5) The interim financial information shall include disclosures either on the face of the financial statements or in accompanying footnotes sufficient so as to make the interim information presented not misleading. Registrants may presume that users of the interim financial information have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. Accordingly, footnote disclosure which would substantially duplicate the disclosure contained in the most recent annual report to security holders or latest audited financial statements, such as a statement of significant accounting policies and practices, details of accounts which have not changed significantly in amount or composition since the end of the most recently completed fiscal year, and detailed disclosures prescribed by §210.4-08 may be omitted. - (6) Detailed schedules otherwise required by this Regulation may be omitted for purposes of preparing interim financial statements. - (7) Provide the information required by §210.3-04 for the current and comparative year-to-date periods, with subtotals for each interim period. - (b) Other instructions as to content. The following additional instructions shall be applicable for purposes of preparing interim financial statements: - (1) Summarized statement of comprehensive income information shall be given separately as to each subsidiary not consolidated or 50 percent or less owned persons or as to each group of such subsidiaries or fifty percent or less owned persons for which separate individual or group statements would otherwise be required for annual periods. Such summarized information, however, need not be furnished for any such unconsolidated subsidiary or person which would not be required pursuant to §240.13a-13 or §240.15d-13 of this chapter to file quarterly financial information with the Commission if it were a registrant. - (2) The basis of the earnings per share computation shall be stated together with the number of shares used in the computation. - (3) If, during the most recent interim period presented, the registrant or any of its consolidated subsidiaries entered into a combination between entities under common control, supplemental disclosure of the separate results of the combined entities for periods prior to the combination shall be given, with appropriate explanations. - (4)-(5) \[Reserved\] - (6) For filings on Form 10-Q (§249.308(a) of this chapter), a letter from the registrant's independent accountant shall be filed as an exhibit (in accordance with the provisions of 17 CFR 229.601 (Item 601 of Regulation S-K) in the first Form 10-Q after the date of an accounting change indicating whether or not the change is to an alternative principle which, in the accountant's judgment is preferable under the circumstances; except that no letter from the accountant need be filed when the change is made in response to a standard adopted by the Financial Accounting Standards Board that requires such change. - (7) Any material retroactive prior period adjustment made during any period covered by the interim financial statements shall be disclosed, together with the effect thereof upon net income— total and per share—of any prior period included and upon the balance of retained earnings. If results of operations for any period presented have been adjusted retroactively by such an item subsequent to the initial reporting of such period, similar disclosure of the effect of the change shall be made. - (8) Any unaudited interim financial statements furnished shall reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. A statement to that effect shall be included. If all such adjustments are of a normal recurring nature, a statement to that effect shall be made; otherwise, there shall be furnished information describing in appropriate detail the nature and amount of any adjustments other than normal recurring adjustments entering into the determination of the results shown. - (9) The requirements of §210.3-10 are applicable to financial statements for a subsidiary of the registrant that issues securities guaranteed by the registrant or guarantees securities issued by the registrant. Disclosures about guarantors and issuers of guaranteed securities registered or being registered must be presented as required by §210.13-01. - (10) Disclosures about a registrant's affiliates whose securities collateralize any class of securities registered or being registered and the related collateral arrangement must be presented as required by §210.13-02. - \[85 FR 22000, Apr. 20, 2020\] - (c) Periods to be covered. The periods for which interim financial statements are to be provided in registration statements are prescribed elsewhere in this Regulation (see §§ 210.3-01 and 3-02). For filings on Form 10-Q, financial statements shall be provided as set forth in this paragraph (c): - (1) An interim balance sheet as of the end of the most recent fiscal quarter and a balance sheet as of the end of the preceding fiscal year shall be provided. The balance sheet as of the end of the preceding fiscal year may be condensed to the same degree as the interim balance sheet provided. An interim balance sheet as of the end of the corresponding fiscal quarter of the preceding fiscal year need not be provided unless necessary for an understanding of the impact of seasonal fluctuations on the registrant's financial condition. - (2) Interim statements of comprehensive income shall be provided for the most recent fiscal quarter, for the period between the end of the preceding fiscal year and the end of the most recent fiscal quarter, and for the corresponding periods of the preceding fiscal year. Such statements may also be presented for the cumulative twelve month period ended during the most recent fiscal quarter and for the corresponding preceding period. - (3) Interim statements of cash flows shall be provided for the period between the end of the preceding fiscal year and the end of the most recent fiscal quarter, and for the corresponding period of the preceding fiscal year. Such statements may also be presented for the cumulative twelve month period ended during the most recent fiscal quarter and for the corresponding preceding period. - (4) Registrants engaged in seasonal production and sale of a single-crop agricultural commodity may provide interim statements of comprehensive income and cash flows for the twelve month period ended during the most recent fiscal quarter and for the corresponding preceding period in lieu of the year-to-date statements specified in paragraphs (c)(2) and (3) of this section. - (d) Interim review by independent public accountant. Prior to filing, interim financial statements included in quarterly reports on Form 10-Q (17 CFR 249.308(a)) must be reviewed by an independent public accountant using applicable professional standards and procedures for conducting such reviews, as may be modified or supplemented by the Commission. If, in any filing, the company states that interim financial statements have been reviewed by an independent public accountant, a report of the accountant on the review must be filed with the interim financial statements. - (e) Filing of other interim financial information in certain cases. The Commission may, upon the informal written request of the registrant, and where consistent with the protection of investors, permit the omission of any of the interim financial information herein required or the filing in substitution thereof of appropriate information of comparable character. The Commission may also by informal written notice require the filing of other information in addition to, or in substitution for, the interim information herein required in any case where such information is necessary or appropriate for an adequate presentation of the financial condition of any person for which interim financial information is required, or whose financial information is otherwise necessary for the protection of investors. - \[46 FR 12489, Feb. 17, 1981, as amended at 50 FR 25215, June 18, 1985; 50 FR 49533, Dec. 3, 1985; 57 FR 45293, Oct. 1, 1992; 64 FR 73401, Dec. 30, 1999; 73 FR 956, Jan. 4, 2008; 74 FR 18616, Apr. 23, 2009; 76 FR 50120, Aug. 12, 2011; 83 FR 50205, Oct. 4, 2018\] #### SEC Staff Guidance ##### [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:20:17.142Z to 2026-09-09T23:20:17.142Z Record version: sha256:2d4981dc92a933b9b17497afe76e16432e26c8d65d69f761d0cc481f19dd9a02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 6.G.2, Amendments to Form 10Q. - a. Form of condensed financial statements. - Facts: Rules 10-01(a)(2) and (3) of Regulation S-X provide that interim balance sheets and statements of income shall include only major captions (i. e., numbered captions) set forth in Regulation S-X, with the exception of inventories where data as to raw materials, work in process and finished goods shall be included, if applicable, either on the face of the balance sheet or in notes thereto. Where any major balance sheet caption is less than 10% of total assets and the amount in the caption has not increased or decreased by more than 25% since the end of the preceding fiscal year, the caption may be combined with others. When any major income statement caption is less than 15% of average net income attributable to the registrant for the most recent three fiscal years and the amount in the caption has not increased or decreased by more than 20% as compared to the corresponding interim period of the preceding fiscal year, the caption may be combined with others. Similarly, the statement of cash flows may be abbreviated, starting with a single figure of cash flows provided by operations and showing other changes individually only when they exceed 10% of the average of cash flows provided by operations for the most recent three years. - Question 1: If a company previously combined captions in a Form 10-Q but is required to present such captions separately in the Form 10-Q for the current quarter, must it retroactively reclassify amounts included in the prior-year financial statements presented for comparative purposes to conform with the captions presented for the current-year quarter? - Interpretive Response: Yes. - Question 2: If a company uses the gross profit method or some other method to determine cost of goods sold for interim periods, will it be acceptable to state only that it is not practicable to determine components of inventory at interim periods? - Interpretive Response: The staff believes disclosure of inventory components is important to investors. In reaching this decision the staff recognizes that registrants may not take inventories during interim periods and that managements, therefore, will have to estimate the inventory components. However, the staff believes that management will be able to make reasonable estimates of inventory components based upon their knowledge of the company's production cycle, the costs (labor and overhead) associated with this cycle as well as the relative sales and purchasing volume of the company. - Question 3: If a company has years during which operations resulted in a net outflow of cash and cash equivalents, should it exclude such years from the computation of cash and cash equivalents provided by operations for the three most recent years in determining what sources and applications must be shown separately? - Interpretive Response: Yes. Similar to the determination of average net income, if operations resulted in a net outflow of cash and cash equivalents during any year, such amount should be excluded in making the computation of cash flow provided by operations for the three most recent years unless operations resulted in a net outflow of cash and cash equivalents in all three years, in which case the average of the net outflow of cash and cash equivalents should be used for the test.