ASC

ASC 305-10

Overall

305 Cash and Cash Equivalents

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In brief

IntroductoryPresentationCash flowsFinancial statement presentationTransition and effective dates

ASC 305-10 is the Overall subtopic of the Cash and Cash Equivalents topic, but its substantive content has been removed — the scope, overview, and implementation guidance paragraphs were superseded by Maintenance Update 2017-21 and ASU 2012-04. As a result, 305-10 today functions largely as a placeholder heading; the operative guidance on cash and cash equivalents lives elsewhere, principally in ASC 230 (definition and presentation of cash equivalents, restricted cash) and ASC 210 (balance sheet classification).

Key points (5)
  • The Overview and Background paragraph (305-10-05-1) was superseded by Maintenance Update 2017-21, leaving no descriptive content in the subtopic.
  • The Scope and Scope Exceptions paragraphs (305-10-15-1 and 305-10-15-2) were superseded by Maintenance Update 2017-21, so 305-10 states no scope of its own.
  • The Implementation Guidance and Illustrations paragraph (305-10-55-1) was superseded by Accounting Standards Update No. 2012-04.
  • Because no recognition, measurement, or disclosure requirements remain in 305-10, practitioners must look to ASC 230 for the cash equivalents definition and statement of cash flows presentation, including restricted cash under ASU 2016-18.
  • A superseded paragraph number is retained in the Codification for reference continuity; it does not create or preserve any requirement.

For students. Don't assume a topic number implies live guidance — ASC 305-10 is essentially an empty shell after its paragraphs were superseded, and the common mistake is citing it for the definition of cash equivalents, which actually resides in ASC 230 (and the Master Glossary).

cash and cash equivalentssuperseded guidancecodification maintenance updatescope exceptionsrestricted cashbalance sheet classification

Machine-generated study aid for ASC 305-10. Check the source paragraphs below.

305-10-00Status

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305-10-00-1
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Cash Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Cash and Cash Equivalents Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Check output number.305-10-05-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Check output number.305-10-15-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Check output number.305-10-15-2 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Check output number.305-10-55-1 Superseded Accounting Standards Update No. 2012-04 10/01/2012

305-10-05Overview and Background

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305-10-15Scope and Scope Exceptions

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305-10-20Glossary

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305-10-55Implementation Guidance and Illustrations

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305-10-S00StatusSEC

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305-10-S00-1
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
305-10-S50-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017

305-10-S50DisclosureSEC

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