{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/962/#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":"325","topic_title":"Investments—Other","subtopic":"325-962","subtopic_title":"Plan Accounting—Defined Contribution Pension Plans","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-962-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2015-12/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-12</a> (Part II).</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part II).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:080a7b627676dbb731e6565c11d83fd326fbdbeca3e1e355dffa8ca0553e6e53","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2015-12/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-12</a> (Part II).</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part II).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e00110ad688f7da6bac47619c28f4e1f100e22c1a9563951bd3f6b54ec64d4a9","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2015-12/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-12</a> (Part II).</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part II).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f0260a376bf4367ff93fb0db85449590471c9b08ca4423d046c21215fcf340c","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2015-12/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-12</a> (Part II).</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part II).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c436aadaea6547931565b318b32192261aa08b5b678770fa68373c0309316ee9","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1E80F1FD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Investments measured using fair value in the statement of net assets available for benefits or in the notes shall be presented by general type, such as the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F37F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Registered investment companies (for example, mutual funds) </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F485-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Government securities </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F573-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Common-collective trusts </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F656-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Pooled separate accounts </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F73C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Short-term securities </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F815-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Corporate bonds </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">g</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F8FD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Common stocks </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">h</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80F9D5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Mortgages </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">i</span><div class=\"p\"><a href=\"/updates/asu-2010-25/\" class=\"xref\">Subparagraph superseded by Accounting Standards Update No. 2010-25</a>.</div></li><li class=\"li-norm\"><span class=\"linum\">j</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80FAB7-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Real estate </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">k</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E80FB7D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Self-directed brokerage accounts (that is, an investment option that allows participants to select investments outside the plan's core options). </span></span></div></li></ol><span class=\"sfragment\" id=\"sfr_1E80FC54-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the presentation of <a href=\"/glossary/f/#fully-benefit-responsive-investment-contract\" class=\"term\" title=\"An investment contract is considered fully benefit-responsive if all of the following criteria are met for that contract, analyzed on an individual basis: The investment contract is effected directly between the plan and the issuer and prohibits the plan from assigning or selling the contract or its proceeds to another party without the consent of the issuer. Either of the following conditions exists: The repayment of principal and interest credited to participants in the plan is a financial obligation of the issuer of the investment contract. Prospective interest crediting rate adjustments are provided to participants in the plan on a designated pool of investments held by the plan or the contract issuer, whereby a financially responsible third party, through a contract generally referred to as a wrapper, must provide assurance that the adjustments to the interest crediting rate will not result in a future interest crediting rate that is less than zero. If an event has occurred such that realization of full contract value for a particular investment contract is no longer probable (for example, a significant decline in creditworthiness of the contract issuer or wrapper provider), the investment contract shall no longer be considered fully benefit-responsive. The terms of the investment contract require all permitted participant-initiated transactions with the plan to occur at contract value with no conditions, limits, or restrictions. Permitted participant-initiated transactions are those transactions allowed by the plan, such as any of the following: Withdrawals for benefits Loans Transfers to other funds within the plan. An event that limits the ability of the plan to transact at contract value with the issuer and that also limits the ability of the plan to transact at contract value with the participants in the plan, such as any of the following, must be probable of not occurring: Premature termination of the contracts by the plan Plant closings Layoffs Plan termination Bankruptcy Mergers Early retirement incentives. The plan itself must allow participants reasonable access to their funds. If access to funds is substantially restricted by plan provisions, investment contracts held by those plans may not be considered to be fully benefit-responsive. For example, if plan participants are allowed access at contract value to all or a portion of their account balances only upon termination of their participation in the plan, it would not be considered reasonable access and, therefore, investment contracts held by that plan would generally not be deemed to be fully benefit-responsive. However, in plans with a single investment fund that allow reasonable access to assets by inactive participants, restrictions on access to assets by active participants consistent with the objective of the plan (for example, retirement or health and welfare benefits) will not affect the benefit responsiveness of the investment contracts held by those single-fund plans. Also, if a plan limits participants' access to their account balances to certain specified times during the plan year (for example, semiannually or quarterly) to control the administrative costs of the plan, that limitation generally would not affect the benefit responsiveness of the investment contracts held by that plan. In addition, administrative provisions that place short-term restrictions (for example, three or six months) on transfers to competing fixed-rate investment options to limit arbitrage among those investment options (equity wash provisions) would not affect a contract's benefit responsiveness.\"><span>fully benefit-responsive investment contracts</span></a>, which are measured at contract value, see paragraphs <a href=\"/asc/325/962/#325-962-35-5A\" class=\"xref\">962-325-35-5A</a> and <a href=\"/asc/325/962/#325-962-50-3\" class=\"xref\">962-325-50-3</a>.</span></span></div></div>","snippet":"Investments measured using fair value in the statement of net assets available for benefits or in the notes shall be presented by general type, such as the following:\n(a) Registered investment companies (for example, mut…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8b2dcde4437de97da86e635a2632e8cf18cfc0db2f2a17c86c28b4f44cb0284","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-6","para":"45-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1E80FD3D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The presentation shall indicate whether the fair values of the investments have been measured by quoted market prices in an active market or were determined otherwise. </span></span></div></div>","snippet":"The presentation shall indicate whether the fair values of the investments have been measured by quoted market prices in an active market or were determined otherwise.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a26865dca1c5e9c915045cd0d76cf291c19f4a823b9c0e789e208e639ecf0584","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-7","para":"45-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2015-12/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-12</a> (Part II).</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part II).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b8c687a064714d2435fc7da07fa47d637ef5b0087675225741a69c31064089f","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-8","para":"45-8","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1E80FE1E-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a <a href=\"/glossary/d/#defined-contribution-plan\" class=\"term\" title=\"A plan that provides an individual account for each participant and provides benefits that are based on all of the following: amounts contributed to the participant's account by the employer or employee; investment experience; and any forfeitures allocated to the account, less any administrative expenses charged to the plan. Defined contribution health and welfare plans—Defined contribution health and welfare plans maintain an individual account for each plan participant. They have terms that specify the means of determining the contributions to participants' accounts, rather than the amount of benefits the participants are to receive. The benefits a plan participant will receive are limited to the amount contributed to the participant's account, investment experience, expenses, and any forfeitures allocated to the participant's account. These plans also include flexible spending arrangements. Defined contribution postretirement plan—A plan that provides postretirement benefits in return for services rendered, provides an individual account for each plan participant, and specifies how contributions to the individual's account are to be determined rather than specifies the amount of benefits the individual is to receive. Under a defined contribution postretirement plan, the benefits a plan participant will receive depend solely on the amount contributed to the plan participant's account, the returns earned on investments of those contributions, and the forfeitures of other plan participants' benefits that may be allocated to that plan participant's account.\"><span>defined contribution plan</span></a> provides for participant-directed and non-participant-directed investment programs, the plan shall disclose information in the financial statements about the net assets and significant components of the changes in net assets relating to the non-participant-directed program with such reasonable detail, either in the financial statements or accompanying notes, as is necessary to identify the types of investments and changes therein. </span></span></div></div>","snippet":"If a defined contribution plan provides for participant-directed and non-participant-directed investment programs, the plan shall disclose information in the financial statements about the net assets and significant comp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b3c9b25af721dda1bd1c08dacfca8f995fdcceef037eb727f96e51dc7324b42","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-9","para":"45-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1E80FEF5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits. </span></span></div></div>","snippet":"The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63b0cace00546d684efe5ae7ea93badff94c2ac61efe3c43e3cf566cae16d134","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477509","source_sha256":"f1503c769f60e33852d71e9b1bb5a4b0651df64ac044c8938e7b63ad9737b336"}},{"citation":"325-962-45-10","para":"45-10","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2010-25/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2010-25</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2010-25.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe8510844bcd09956f374b3739e6fbad571829c87503cee306dc8654ccee369d","downloaded_from":"2026-09-09T23:48:28.436Z","last_downloaded_at":"2026-09-09T23:48:28.436Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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