{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/912/#50-disclosure","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":"310-912","subtopic_title":"Contractors—Federal Government","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Termination Claims","paragraphs":[{"citation":"310-912-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D7759FCC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For those parts of the termination claim that are included in financial statements after termination, full disclosure of the essential facts shall be made. </span></span></div></div>","snippet":"For those parts of the termination claim that are included in financial statements after termination, full disclosure of the essential facts shall be made.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5e5e5c006067b09c5d37e49c71d80919aec52ed4d24dc99cac566534a3c0875","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478685","source_sha256":"55a4a94f4564c2a90486384033ac70b4be20b20998db527e37a437105b83026e"}},{"citation":"310-912-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D775A13B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The termination claim shall be separately disclosed. </span></span></div></div>","snippet":"The termination claim shall be separately disclosed.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3348a47d71765a53394c4407a9f706a89c4db9ce7bed25ac54da5216a7edc6e","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478685","source_sha256":"55a4a94f4564c2a90486384033ac70b4be20b20998db527e37a437105b83026e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd8111c8d3578b87ed7d82c52977c05869b036cc07764735be6a3b7d76603b4e","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478685","source_sha256":"55a4a94f4564c2a90486384033ac70b4be20b20998db527e37a437105b83026e"}},{"block":null,"heading":"Progress Payments","paragraphs":[{"citation":"310-912-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D775A28A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount of progress payments offset against unbilled receivables shall be disclosed. </span></span></div></div>","snippet":"The amount of progress payments offset against unbilled receivables shall be disclosed.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f404a13a18d3cbf5736fad3121d2035c2f6b1e8fadf2e85cf1895c1a9b1c27d","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478685","source_sha256":"55a4a94f4564c2a90486384033ac70b4be20b20998db527e37a437105b83026e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97c0c2f7e44ef3b1d6d2b7e63f56e6e0dd27fa44eec9c90c31531f2e0561ed8d","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478685","source_sha256":"55a4a94f4564c2a90486384033ac70b4be20b20998db527e37a437105b83026e"}},{"block":null,"heading":"Advance Payments","paragraphs":[{"citation":"310-912-50-4","para":"50-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D775A3E8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/a/#advance-payments\" class=\"term\" title=\"Government advances of cash as a revolving fund or against the final payment due under an agreement.\"><span>Advance payments</span></a> received on the contract before its termination shown as a deduction from the claim receivable in accordance with paragraph <a href=\"/asc/310/912/#310-912-45-4\" class=\"xref\">912-310-45-4</a> shall be explained in a note to financial statements. </span></span></div></div>","snippet":"Advance payments received on the contract before its termination shown as a deduction from the claim receivable in accordance with paragraph 912-310-45-4 shall be explained in a note to financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb71472811b09955ffd57b968a8461a1033352d89f02a15a41d9a16056c07fcb","downloaded_from":"2026-09-09T23:28:43.048Z","last_downloaded_at":"2026-09-09T23:28:43.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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