ASC

ASC 305-954

Health Care Entities

305 Cash and Cash Equivalents

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In brief

IntroductoryPresentationIndustry-specific

ASC 305-954 was the health care industry-specific guidance on cash and cash equivalents, but it now contains no operative content — every paragraph has been superseded or is unused. Health care entities therefore follow the general guidance in Topic 305 together with the broader health care presentation rules in Topic 954.

Key points (5)
  • Every substantive paragraph in this subtopic has been superseded: 305-954-05-1, 305-954-15-1, 305-954-45-1, and 305-954-45-3 were superseded by Maintenance Update 2017-21.
  • 305-954-45-4 was superseded by Accounting Standards Update No. 2016-14 (the not-for-profit financial statement presentation standard).
  • 305-954-45-2 is marked 'Paragraph not used,' so no guidance exists in the Other Presentation Matters section.
  • Because no operative guidance remains, health care entities apply the general cash and cash equivalents guidance in Topic 305 and the health care industry guidance in Topic 954.
  • The subtopic shell is retained in the Codification only to preserve paragraph numbering and cross-reference history; it imposes no requirements.

For students. This subtopic is an empty shell — all of its paragraphs were superseded by Maintenance Update 2017-21 and ASU 2016-14, so citing it as live authority is the classic mistake; look instead to Topic 305 generally and to Topic 954 (especially 954-210 for balance sheet classification of assets limited as to use).

superseded guidancehealth care entitiescash and cash equivalentslimited-use assetsindustry glossary

Machine-generated study aid for ASC 305-954. Check the source paragraphs below.

305-954-00Status

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305-954-00-1
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Donor-Imposed Restriction Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
Donor-Imposed Restriction Added Accounting Standards Update No. 2016-14 08/18/2016
954-305-05-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
954-305-15-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
954-305-45-1 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
954-305-45-1 Amended Accounting Standards Update No. 2016-14 08/18/2016
954-305-45-1 Amended Accounting Standards Update No. 2012-04 10/01/2012
954-305-45-3 Superseded Maintenance Update 2017-21 (PDF) 12/22/2017
954-305-45-3 Amended Accounting Standards Update No. 2016-14 08/18/2016
954-305-45-4 Superseded Accounting Standards Update No. 2016-14 08/18/2016

305-954-05Overview and Background

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305-954-15Scope and Scope Exceptions

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305-954-20Glossary

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305-954-45Other Presentation Matters

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