{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/10/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"310","topic_title":"Receivables","subtopic":"310-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Liabilities","paragraphs":[{"citation":"310-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5D55B558-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For receivables related to recovery of insurance-related assessments, see paragraph <a href=\"/asc/405/30/#405-30-25-8\" class=\"xref\">405-30-25-8</a>. </span></span> </div> </div>","snippet":"For receivables related to recovery of insurance-related assessments, see paragraph 405-30-25-8.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2496c114db9da2ff3ccbed3953703c39e5f21b3ee548894d1ea149f50dacaa8a","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc8dba8896f992cc19c5fa6ea15ca4983fedd7a49a351f4992629aa958c1ed73","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},{"block":null,"heading":"Contingencies","paragraphs":[{"citation":"310-10-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5D55B6EF-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For accounting guidance for loss contingencies, including guidance on accrual of an estimated loss from a loss contingency, see Subtopic <a altsource=\"GUID-E13146CA-1337-48D7-BF5C-574604DA8631.ditamap\" class=\"ditamap\">450-20</a>. </span></span> </div> </div>","snippet":"For accounting guidance for loss contingencies, including guidance on accrual of an estimated loss from a loss contingency, see Subtopic 450-20.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1b65bf4ac84fe8905da55e2467a541c5b61ba9b9bbde57d901fa7766ec8e837","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1650bd5441771054e7dfd237202e06f89c51c2451e5f4dec48e18a995c4d43dc","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},{"block":null,"heading":"Guarantees","paragraphs":[{"citation":"310-10-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance related to the accounting by a guarantor at the inception of a guarantee issued, see Topic <a altsource=\"GUID-B9BF8A6B-4655-41A8-BF76-5BEFB1B846A3.ditamap\" class=\"ditamap\">460</a>.</div> </div>","snippet":"For guidance related to the accounting by a guarantor at the inception of a guarantee issued, see Topic 460.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77c14a48c85bcd7668052d9415e2687e895182b18dceb5ba59946448b833a0fe","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},{"citation":"310-10-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5D55B84F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on <a href=\"/glossary/l/#loan\" class=\"term\" title=\"A contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include but are not limited to accounts receivable (with terms exceeding one year) and notes receivable.\"><span>loan</span></a> guarantees, in which an entity (guarantor) lends its creditworthiness to another party (borrower) for a fee, thereby enhancing that other party's ability to borrow funds, </span></span> <span class=\"sfragment\" id=\"sfr_5D55B95B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">see Topic <a altsource=\"GUID-B9BF8A6B-4655-41A8-BF76-5BEFB1B846A3.ditamap\" class=\"ditamap\">460</a> on guarantees. See Topic <a altsource=\"GUID-128369CC-8E3A-4A7E-8F25-33E42B0761E4.ditamap\" class=\"ditamap\">815</a> on derivatives and hedging for guarantees accounted for as a derivative. </span></span> </div> </div>","snippet":"For guidance on loan guarantees, in which an entity (guarantor) lends its creditworthiness to another party (borrower) for a fee, thereby enhancing that other party's ability to borrow funds, see Topic 460 on guarantees.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75d0d7aa9a05711689e538652685cab8caa96a2063e8ee5816273028f284a4bb","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99cb8ebd39bcd8bf99db0426c5f0431017a675f767fac9265113a6bc195e626c","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},{"block":null,"heading":"Transfers and Servicing","paragraphs":[{"citation":"310-10-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on accounting for transfers of financial assets, including receivables, see Subtopic <a altsource=\"GUID-C58C4968-8EDC-4185-8F6E-2E1DD0A45754.ditamap\" class=\"ditamap\">860-20</a>. </div> </div>","snippet":"For guidance on accounting for transfers of financial assets, including receivables, see Subtopic 860-20.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:314bb96985ac41b5895e78cf7f0e42d59a8e813fa05ff6f1338703f7f43aa733","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},{"citation":"310-10-60-6","para":"60-6","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on the accounting for servicing assets and liabilities related to loans and other receivables, see Subtopic <a altsource=\"GUID-6FE171FC-C60D-4B3F-B2A1-63DB0EBB27F4.ditamap\" class=\"ditamap\">860-50</a>.</div> </div>","snippet":"For guidance on the accounting for servicing assets and liabilities related to loans and other receivables, see Subtopic 860-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:321b1a83c262e6f1c422c73bf9290beeb4fb0ec49e5332b10c5f56f212b8a07d","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfdb816d91145aa6d937c3bcbcd93216dc12df4bec7347b527a815ebf9318b15","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbe8ea89ea143d4cdf961b32241d0ae31b554cbd908684309f10581c840ca82e","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbe8ea89ea143d4cdf961b32241d0ae31b554cbd908684309f10581c840ca82e","downloaded_from":"2026-09-09T23:25:14.565Z","last_downloaded_at":"2026-09-09T23:25:14.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481903","source_sha256":"675c8b8f306b2103a0c202515880782d6fefd2e708830e42fcf50fc67d9a924e"}}