# ASC 305-942: Cash and Cash Equivalents — Financial Services—Depository and Lending Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/305/942/) 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): 2026-09-09T23:24:02.436Z to 2026-09-09T23:24:15.048Z Record version: sha256:25ae144bbc64c191e4521d93e3802dc890716fc3fcc4c8c8846f0cabf601dee2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942: Cash and Cash Equivalents — Financial Services—Depository and Lending ### Machine-generated study aids ```json { "summary": "ASC 305-942 was the industry-specific guidance on cash and cash equivalents for depository and lending institutions (banks, savings institutions, credit unions). Every paragraph in the subtopic — scope, presentation, and disclosure — was superseded by Maintenance Update 2017-21, so the subtopic contains no operative guidance. Entities in this industry now apply the general guidance in ASC 305 and, for restricted/reserve balances and cash flow classification, ASC 942-305 and ASC 230.", "key_points": [ "All content of this subtopic (305-942-05-1, 05-2, 15-1, 45-1, and 50-1) was superseded by Maintenance Update 2017-21 and imposes no requirements.", "Because the subtopic is empty, depository and lending entities look to the general Cash and Cash Equivalents guidance in ASC 305-10 for recognition and presentation.", "Industry-specific balance sheet and disclosure guidance for banks' cash items, including required reserve balances with Federal Reserve Banks, resides in the Topic 942 industry Subtopic (942-305) rather than here.", "Maintenance Updates are non-substantive Codification corrections, so the supersession reflected relocation/cleanup rather than a change in accounting." ], "categories": [ "Presentation", "Disclosure", "Industry-specific", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "This is a shell subtopic — do not cite it for any rule. The common mistake is quoting a superseded paragraph; for bank cash guidance go to ASC 942-305 and ASC 305-10, and for restricted cash in the cash flow statement go to ASC 230.", "related_topics": [ "305-10", "942-305", "942-230", "230-10", "942-405" ], "key_concepts": [ "cash and cash equivalents", "depository and lending institutions", "superseded guidance", "industry-specific subtopic", "restricted cash", "reserve balances" ] } ``` Source downloaded (UTC): 2026-09-09T23:24:02.436Z to 2026-09-09T23:24:02.436Z Record version: sha256:043670045e416268f90b537181a656518bf5cc20a5dff729300fe2ae98f18d59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/305/942/#00-status) SEC content: no ##### [305-942-00-1](https://asc.understandingaccounting.org/asc/305/942/#305-942-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:02.436Z to 2026-09-09T23:24:02.436Z Record version: sha256:ec288500bf8c7786fc39681e0472db1bee5ad1c1bb31612ca98a9129ebd72ef9 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
942-305-05-1SupersededMaintenance Update 2017-21 (PDF)12/22/2017
942-305-05-2SupersededMaintenance Update 2017-21 (PDF)12/22/2017
942-305-15-1SupersededMaintenance Update 2017-21 (PDF)12/22/2017
942-305-45-1SupersededMaintenance Update 2017-21 (PDF)12/22/2017
942-305-50-1SupersededMaintenance Update 2017-21 (PDF)12/22/2017
Source downloaded (UTC): 2026-09-09T23:24:06.364Z to 2026-09-09T23:24:06.364Z Record version: sha256:138bd44f963f216aa0edfa1fe7e93aac55385e56c1ddab24cd9a53af1ceaa7a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/305/942/#05-overview-and-background) SEC content: no ##### [305-942-05-1](https://asc.understandingaccounting.org/asc/305/942/#305-942-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:06.364Z to 2026-09-09T23:24:06.364Z Record version: sha256:3edd5456b3713a0c8e4a2bde8dec95f3166fa54967c3841df3bf8b4f33cbca4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [305-942-05-2](https://asc.understandingaccounting.org/asc/305/942/#305-942-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:06.364Z to 2026-09-09T23:24:06.364Z Record version: sha256:7415973cf212055197d7eafe8998ad38b7f94d4fad0a576e6a0be2432d29718e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:24:10.033Z to 2026-09-09T23:24:10.033Z Record version: sha256:40f42e9d4258c5c2d1533c2d577ee63024f3c14b15d4f29bbe938abc6fd4f80b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/305/942/#15-scope-and-scope-exceptions) SEC content: no ##### [305-942-15-1](https://asc.understandingaccounting.org/asc/305/942/#305-942-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:10.033Z to 2026-09-09T23:24:10.033Z Record version: sha256:bf66885ddb904d09747e41fd167bff450ddf802018c6febeab178df2e6ee6f34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:24:13.259Z to 2026-09-09T23:24:13.259Z Record version: sha256:e1f012ed53e474ff6694e1353a86b1fffb217201d20ac0a2c8b73b2dbb7f3abb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/305/942/#45-other-presentation-matters) SEC content: no ##### [305-942-45-1](https://asc.understandingaccounting.org/asc/305/942/#305-942-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:13.259Z to 2026-09-09T23:24:13.259Z Record version: sha256:7f76b137a3d6dd37b20e6418cd5d488681acd3caf473bc0cc1ad6050fd41f8ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:24:15.048Z to 2026-09-09T23:24:15.048Z Record version: sha256:ada8eed3fb7f946139f29448a88f536747867fe6008a60009bca81840a153184 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-942-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/305/942/#50-disclosure) SEC content: no ##### [305-942-50-1](https://asc.understandingaccounting.org/asc/305/942/#305-942-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:15.048Z to 2026-09-09T23:24:15.048Z Record version: sha256:823c2b0f9d4f408352026bc80c0e86c568fc839b9da30cdd723a33da85e5de6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)