{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/958/#45-other-presentation-matters","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":"310-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Contributions Receivable—Statement of Financial Position","paragraphs":[{"citation":"310-958-45-1","para":"45-1","html":"Contributions receivable shall be reported net of the discount that arises if measuring a promise to give at present value. The discount shall be separately disclosed by reporting it as a deduction from contributions receivable either on the face of a statement of financial position or in the notes to financial statements (see paragraph 958-310-50-1). If an unconditional promise to give is measured using present value techniques, a not-for-profit entity (NFP) shall report the subsequent accrual of the interest element recognized under paragraph 958-310-35-6 as an increase in net assets with donor restrictions if the underlying promise to give is donor restricted. Decreases recognized under paragraph 958-310-35-7 shall be reported as expenses or losses (bad debt) in the net asset class in which the net assets are represented. Because all expenses are reported in the net asset without donor restrictions class, those decreases shall be reported as losses if they are decreases in net assets with donor restrictions.