# ASC 326-20-50: Financial Instruments—Credit Losses — Measured at Amortized Cost — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/326/20/#50-disclosure) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:d62153f38e307d386d59559f0ce9f8df4906db1dacacaafd83c3fff480a149bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 326-20-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/326/20/#50-disclosure) SEC content: no ##### [326-20-50-1](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:3940de5c83f48fcedd95d6c27bacff68c8afa311d839aa5078c17700b56ec8d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For instruments within the scope of this Subtopic, this Section provides the following disclosure guidance on credit risk and the measurement of expected credit losses: 1. a Credit quality information 2. b Allowance for credit losses 3. c Past-due status 4. d Nonaccrual status 5. e [Purchased financial assets with credit deterioration](https://asc.understandingaccounting.org/glossary/p/#purchased-financial-assets-with-credit-deterioration "Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer's assessment. See paragraph 326-20-55-5 for more information on the meaning of similar risk characteristics for assets measured on an amortized cost basis.") 6. f Collateral-dependent [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") 7. g Off-balance-sheet credit exposures. ##### [326-20-50-2](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:be799eb0ea3dbd7a15528af94bd3bcfd65fc88b016074fd69cbe176e64a6a5e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure guidance in this Section should enable a user of the financial statements to understand the following: 1. a The credit risk inherent in a portfolio and how management monitors the credit quality of the portfolio 2. b Management's estimate of expected credit losses 3. c Changes in the estimate of expected credit losses that have taken place during the period. ##### [326-20-50-3](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:3ba98de8c5361f8d571d17d2c94bc1d9b69d5463968b33657b8c18aa35252fa7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For [financing receivables](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities)."), the disclosure guidance in this Subtopic requires an entity to provide information by either [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") or [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3."). Net investment in leases are within the scope of this Subtopic, and the disclosure requirements for financing receivables shall be applied to net investment in leases (including the unguaranteed residual asset). For held-to-maturity [debt securities](https://asc.understandingaccounting.org/glossary/d/#debt-security "Any security representing a creditor relationship with an entity. The term debt security also includes all of the following: Preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor A collateralized mortgage obligation (or other instrument) that is issued in equity form but is required to be accounted for as a nonequity instrument regardless of how that instrument is classified (that is, whether equity or debt) in the issuer's statement of financial position U.S. Treasury securities U.S. government agency securities Municipal securities Corporate bonds Convertible debt Commercial paper All securitized debt instruments, such as collateralized mortgage obligations and real estate mortgage investment conduits Interest-only and principal-only strips. The term debt security excludes all of the following: Option contracts Financial futures contracts Forward contracts Lease contracts Receivables that do not meet the definition of security and, so, are not debt securities, for example: Trade accounts receivable arising from sales on credit by industrial or commercial entities Loans receivable arising from consumer, commercial, and real estate lending activities of financial institutions."), the disclosure guidance in this Subtopic requires an entity to provide information by major security type. Paragraphs [326-20-55-10 through 55-14](https://asc.understandingaccounting.org/asc/326/20/#326-20-55-10) provide implementation guidance about the terms _portfolio segment_ and _class of financing receivable_. When disclosing information, an entity shall determine, in light of the facts and circumstances, how much detail it must provide to satisfy the disclosure requirements in this Section. An entity must strike a balance between not obscuring important information as a result of too much aggregation and not overburdening financial statements with excessive detail that may not assist a financial statement user in understanding the entity's financial assets and allowance for credit losses. For example, an entity should not obscure important information by including it with a large amount of insignificant detail. Similarly, an entity should not disclose information that is so aggregated that it obscures important differences between the different types of financial assets and associated risks. ##### [326-20-50-3A](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-3A) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:a7d515e12317846d09bded49eb5678c3b6b985e21bf62447145df6514280ea82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that makes an accounting policy election to present the accrued interest receivable balance within another statement of financial position line item as described in paragraph [326-20-45-5](https://asc.understandingaccounting.org/asc/326/20/#326-20-45-5) shall disclose the amount of accrued interest, net of the allowance for credit losses (if any), and shall disclose in which line item on the statement of financial position that amount is presented. ##### [326-20-50-3B](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-3B) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:47e6512cf516dd00f5a54fa7f08c17f08df862a5a04f08509fb1ac89de7259f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As a practical expedient, an entity may exclude the accrued interest receivable balance that is included in the amortized cost basis of financing receivables and held-to-maturity securities for the purposes of the disclosure requirements in paragraphs [326-20-50-4 through 50-22](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) . If an entity applies this practical expedient, it shall disclose the total amount of accrued interest excluded from the disclosed amortized cost basis. ##### [326-20-50-3C](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-3C) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:b1f57d9bdc66600fd60bdbe9b077ce934460821cab3a3d896c0897634d493600 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that makes the accounting policy election in paragraph [326-20-30-5A](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-5A) shall disclose its accounting policy not to measure an allowance for credit losses for accrued interest receivables. The accounting policy shall include information about what time period or periods, at the class of financing receivable or major security-type level, are considered timely. ##### [326-20-50-3D](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-3D) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:e846e5171bd44b5212b4bf04e9e105f7ce254935c026a444e21f2f1afdb8321f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that makes the accounting policy election in paragraph [326-20-35-8A](https://asc.understandingaccounting.org/asc/326/20/#326-20-35-8A) shall disclose its accounting policy to write off accrued interest receivables by reversing interest income or recognizing credit loss expense or a combination of both. The entity also shall disclose the amount of accrued interest receivables written off by reversing interest income by portfolio segment or major security type. #### Credit Quality Information ##### [326-20-50-4](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:a92a25a849f8775e68a3ec29c87b7210ae1af346c84ca8402f3144de06a5a609 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall provide information that enables a financial statement user to do both of the following: 1. a Understand how management monitors the credit quality of its [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") 2. b Assess the quantitative and qualitative risks arising from the credit quality of its financial assets. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall provide information that enables a financial statement user to do both of the following: 1. a Understand how management monitors the credit quality of its [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") 2. b Assess the quantitative and qualitative risks arising from the credit quality of its financial assets. ##### [326-20-50-5](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-5) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:921da6da01607379f539e7c242a5e29a007cac32d593874067cc337aef2a5cc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To meet the objectives in paragraph [326-20-50-4](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4), an entity shall provide quantitative and qualitative information by [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3.") and major security type about the credit quality of financial assets within the scope of this Subtopic (excluding off-balance-sheet credit exposures and repurchase agreements and securities lending agreements within the scope of Topic 860), including all of the following: 1. a A description of the [credit quality indicator(s)](https://asc.understandingaccounting.org/glossary/c/#credit-quality-indicator "A statistic about the credit quality of a financial asset.") 2. b The [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments."), by credit quality indicator 3. c For each credit quality indicator, the date or range of dates in which the information was last updated for that credit quality indicator. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)To meet the objectives in paragraph [326-20-50-4](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4), an entity shall provide quantitative and qualitative information in interim and annual reporting periods by [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3.") and major security type about the credit quality of financial assets within the scope of this Subtopic (excluding off-balance-sheet credit exposures and repurchase agreements and securities lending agreements within the scope of Topic 860), including all of the following: 1. a A description of the [credit quality indicator(s)](https://asc.understandingaccounting.org/glossary/c/#credit-quality-indicator "A statistic about the credit quality of a financial asset.") 2. b The [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments."), by credit quality indicator 3. c For each credit quality indicator, the date or range of dates in which the information was last updated for that credit quality indicator. ##### [326-20-50-6](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:fcf5560844a80f7d63483cb2bf17ce78cd3f3c39db987cd8f162a9d101e9417d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When disclosing credit quality indicators of [financing receivables](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities).") and net investment in leases (except for [reinsurance recoverables](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.") and funded or unfunded amounts of [line-of-credit arrangements](https://asc.understandingaccounting.org/glossary/l/#line-of-credit-arrangement "A line-of-credit or revolving-debt arrangement is an agreement that provides the borrower with the option to make multiple borrowings up to a specified maximum amount, to repay portions of previous borrowings, and to then reborrow under the same contract. Line-of-credit and revolving-debt arrangements may include both amounts drawn by the debtor (a debt instrument) and a commitment by the creditor to make additional amounts available to the debtor under predefined terms (a loan commitment)."), such as credit cards), a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.") shall present the [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") within each credit quality indicator by year of origination (that is, vintage year). For purchased financing receivables and net investment in leases, an entity shall use the initial date of issuance to determine the year of origination, not the date of acquisition. For origination years before the fifth annual period, a public business entity may present the amortized cost basis of financing receivables and net investments in leases in the aggregate. For interim-period disclosures, the current year-to-date originations in the current reporting period are considered to be the current-period originations. A public business entity shall present the gross writeoffs recorded in the current period, on a current year-to-date basis, for financing receivables and net investments in leases by origination year. For origination years before the fifth annual period, a public business entity may present the gross writeoffs in the current period for financing receivables and net investments in leases in the aggregate. The requirement to present the amortized cost basis within each credit quality indicator by year of origination is not required for an entity that is not a public business entity. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)When disclosing credit quality indicators of [financing receivables](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities).") and net investment in leases (except for [reinsurance recoverables](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.") and funded or unfunded amounts of [line-of-credit arrangements](https://asc.understandingaccounting.org/glossary/l/#line-of-credit-arrangement "A line-of-credit or revolving-debt arrangement is an agreement that provides the borrower with the option to make multiple borrowings up to a specified maximum amount, to repay portions of previous borrowings, and to then reborrow under the same contract. Line-of-credit and revolving-debt arrangements may include both amounts drawn by the debtor (a debt instrument) and a commitment by the creditor to make additional amounts available to the debtor under predefined terms (a loan commitment)."), such as credit cards), a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.") shall present the [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") within each credit quality indicator by year of origination (that is, vintage year) in interim and annual reporting periods. For purchased financing receivables and net investment in leases, an entity shall use the initial date of issuance to determine the year of origination, not the date of acquisition. For origination years before the fifth annual period, a public business entity may present the amortized cost basis of financing receivables and net investments in leases in the aggregate. For interim-period disclosures, the current year-to-date originations in the current reporting period are considered to be the current-period originations. A public business entity shall present the gross writeoffs recorded in the current period, on a current year-to-date basis, for financing receivables and net investments in leases by origination year. For origination years before the fifth annual period, a public business entity may present the gross writeoffs in the current period for financing receivables and net investments in leases in the aggregate. The requirement to present the amortized cost basis within each credit quality indicator by year of origination is not required for an entity that is not a public business entity. ##### [326-20-50-6A](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:870a705beea82d8c7cec13aab1a76c3a67b0c42c138411f42f27149b03e95051 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the purpose of the disclosure requirement in paragraph [326-20-50-6](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6), a public business entity shall present the amortized cost basis of line-of-credit arrangements that are converted to term loans in a separate column (see Example 15 in paragraph [326-20-55-79](https://asc.understandingaccounting.org/asc/326/20/#326-20-55-79)). A public business entity shall disclose in each reporting period, by class of financing receivable, the amount of line-of-credit arrangements that are converted to term loans in each reporting period and the total of these financing receivables that were written off in the current reporting period in accordance with paragraph [326-20-50-6](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For the purpose of the disclosure requirement in paragraph [326-20-50-6](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6), a public business entity shall present the amortized cost basis of line-of-credit arrangements that are converted to term loans in a separate column (see Example 15 in paragraph [326-20-55-79](https://asc.understandingaccounting.org/asc/326/20/#326-20-55-79)). A public business entity shall disclose in each interim and annual reporting period, by class of financing receivable, the amount of line-of-credit arrangements that are converted to term loans in each reporting period and the total of these financing receivables that were written off in the current reporting period in accordance with paragraph [326-20-50-6](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6). ##### [326-20-50-7](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-7) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:caf80a817720a14b9eaa89c6287e7c0e6e92a8a2644cce8a459b264f39073356 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as provided in paragraph [326-20-50-6A](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6A), a public business entity shall use the guidance in paragraphs [310-20-35-9 through 35-11](https://asc.understandingaccounting.org/asc/310/20/#310-20-35-9) when determining whether a modification, extension, or renewal of a financing receivable should be presented as a current-period origination. A public business entity shall use the guidance in paragraphs [842-10-25-8 through 25-9](https://asc.understandingaccounting.org/asc/842/10/#842-10-25-8) when determining whether a lease modification should be presented as a current-period origination. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Except as provided in paragraph [326-20-50-6A](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-6A), for interim and annual reporting periods, a public business entity shall use the guidance in paragraphs [310-20-35-9 through 35-11](https://asc.understandingaccounting.org/asc/310/20/#310-20-35-9) when determining whether a modification, extension, or renewal of a financing receivable should be presented as a current-period origination. A public business entity shall use the guidance in paragraphs [842-10-25-8 through 25-9](https://asc.understandingaccounting.org/asc/842/10/#842-10-25-8) when determining whether a lease modification should be presented as a current-period origination. ##### [326-20-50-8](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-8) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:2d0808087c8406ebe86c0bb821f2e57de3c4dc11e47fb6ca8c129203f6bbef05 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity discloses internal risk ratings, then the entity shall provide qualitative information on how those internal risk ratings relate to the likelihood of loss. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If an entity discloses internal risk ratings, then the entity shall provide qualitative information in interim and annual reporting periods on how those internal risk ratings relate to the likelihood of loss. ##### [326-20-50-9](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-9) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:1f95fed23f7b592a56d464987ac24e5e74158132b63a1779e6abf9dadd902497 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The requirements to disclose credit quality indicators in paragraphs [326-20-50-4 through 50-5](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) do not apply to receivables measured at the lower of amortized cost basis or fair value, or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The requirements to disclose credit quality indicators in paragraphs [326-20-50-4 through 50-5](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-4) for interim and annual reporting periods do not apply to receivables measured at the lower of amortized cost basis or fair value, or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. #### Allowance for Credit Losses ##### [326-20-50-10](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-10) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:e1e8b868249250f0e60b9acda3d90ba0e94f8b9102a7281987b72850453bc578 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall provide information that enables a financial statement user to do the following: 1. a Understand management's method for developing its allowance for credit losses 2. b Understand the information that management used in developing its current estimate of expected credit losses 3. c Understand the circumstances that caused changes to the allowance for credit losses, thereby affecting the related credit loss expense (or reversal) reported for the period. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall provide information that enables a financial statement user to do the following: 1. a Understand management's method for developing its allowance for credit losses 2. b Understand the information that management used in developing its current estimate of expected credit losses 3. c Understand the circumstances that caused changes to the allowance for credit losses, thereby affecting the related credit loss expense (or reversal) reported for the period. ##### [326-20-50-11](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-11) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:4ec834fe92b99fb4873bab76a9e1e2a3d766e6e902563b5f8ac371614db87ef8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To meet the objectives in paragraph [326-20-50-10](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-10), an entity shall disclose all of the following by [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") and major security type: 1. a A description of how expected loss estimates are developed 2. b A description of the entity's accounting policies and methodology to estimate the allowance for credit losses, as well as a discussion of the factors that influenced management's current estimate of expected credit losses, including: 1. 1 Past events 2. 2 Current conditions 3. 3 Reasonable and supportable forecasts about the future. 3. c A discussion of risk characteristics relevant to each portfolio segment 4. d A discussion of the changes in the factors that influenced management's current estimate of expected credit losses and the reasons for those changes (for example, changes in portfolio composition, underwriting practices, and significant events or conditions that affect the current estimate but were not contemplated or relevant during a previous period) 5. e Identification of changes to the entity's accounting policies, changes to the methodology from the prior period, its rationale for those changes, and the quantitative effect of those changes 6. f Reasons for significant changes in the amount of writeoffs, if applicable 7. g A discussion of the reversion method applied for periods beyond the reasonable and supportable forecast period 8. h The amount of any significant purchases of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") during each reporting period 9. i The amount of any significant sales of financial assets or reclassifications of [loans](https://asc.understandingaccounting.org/glossary/l/#loan "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.") held for sale during each reporting period. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)To meet the objectives in paragraph [326-20-50-10](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-10), an entity shall disclose all of the following by [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") and major security type in interim and annual reporting periods: 1. a A description of how expected loss estimates are developed 2. b A description of the entity's accounting policies and methodology to estimate the allowance for credit losses, as well as a discussion of the factors that influenced management's current estimate of expected credit losses, including: 1. 1 Past events 2. 2 Current conditions 3. 3 Reasonable and supportable forecasts about the future. 3. c A discussion of risk characteristics relevant to each portfolio segment 4. d A discussion of the changes in the factors that influenced management's current estimate of expected credit losses and the reasons for those changes (for example, changes in portfolio composition, underwriting practices, and significant events or conditions that affect the current estimate but were not contemplated or relevant during a previous period) 5. e Identification of changes to the entity's accounting policies, changes to the methodology from the prior period, its rationale for those changes, and the quantitative effect of those changes 6. f Reasons for significant changes in the amount of writeoffs, if applicable 7. g A discussion of the reversion method applied for periods beyond the reasonable and supportable forecast period 8. h The amount of any significant purchases of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") during each reporting period 9. i The amount of any significant sales of financial assets or reclassifications of [loans](https://asc.understandingaccounting.org/glossary/l/#loan "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.") held for sale during each reporting period. ##### [326-20-50-12](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-12) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:33885c8844bd0203cd60720d25a26db29187c15ce3c3b7bbcbd9280bd1a3a62d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [326-20-45-3](https://asc.understandingaccounting.org/asc/326/20/#326-20-45-3) explains that a creditor that measures expected credit losses based on a discounted cash flow method is permitted to report the entire change in present value as credit loss expense (or reversal of credit loss expense) but also may report the change in present value attributable to the passage of time as interest income. Creditors that choose the latter alternative shall disclose the amount recorded to interest income that represents the change in present value attributable to the passage of time. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Paragraph [326-20-45-3](https://asc.understandingaccounting.org/asc/326/20/#326-20-45-3) explains that a creditor that measures expected credit losses based on a discounted cash flow method is permitted to report the entire change in present value as credit loss expense (or reversal of credit loss expense) but also may report the change in present value attributable to the passage of time as interest income. Creditors that choose the latter alternative shall disclose the amount recorded to interest income that represents the change in present value attributable to the passage of time in interim and annual reporting periods. ##### [326-20-50-12A](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-12A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:8df79e086d071135f2dff2fc961d00cf10711b13fe5396c8e1cf15cccc01b828 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2025; (N) December 16, 2025Transition guidance: [326-10-65-6](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-6)An entity shall disclose that it has elected the practical expedient described in paragraphs [326-20-30-10C through 30-10D](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-10C) or, for an entity other than a public business entity, that it has elected both the practical expedient and the accounting policy election described in paragraphs [326-20-30-10E through 30-10H](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-10E) . ##### [326-20-50-12B](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-12B) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:5942a661f945c93b1648e4b29d7297b6e28913abbd449bb7996dcc705a660c85 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2025; (N) December 16, 2025Transition guidance: [326-10-65-6](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-6)In annual reporting periods, an entity other than a public business entity that has elected the accounting policy described in paragraphs [326-20-30-10E through 30-10H](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-10E) shall disclose the date through which it has considered subsequent collection activity. ##### [326-20-50-13](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-13) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:8347b87a10f01627b4166abb9451572e11b5a71147caf5471799e4e7c4b6dc8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Furthermore, to enable a financial statement user to understand the activity in the allowance for credit losses for each period, an entity shall separately provide by [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") and major security type the quantitative disclosures of the activity in the allowance for credit losses for [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") within the scope of this Subtopic, including all of the following: 1. a The beginning balance in the allowance for credit losses 2. b Current-period provision for expected credit losses 3. c The initial allowance for credit losses recognized on financial assets accounted for as [purchased financial assets with credit deterioration](https://asc.understandingaccounting.org/glossary/p/#purchased-financial-assets-with-credit-deterioration "Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer's assessment. See paragraph 326-20-55-5 for more information on the meaning of similar risk characteristics for assets measured on an amortized cost basis.") (including beneficial interests that meet the criteria in paragraph [325-40-30-1A](https://asc.understandingaccounting.org/asc/325/40/#325-40-30-1A)), if applicable 4. d Writeoffs charged against the allowance 5. e Recoveries collected 6. f The ending balance in the allowance for credit losses. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)Furthermore, to enable a financial statement user to understand the activity in the allowance for credit losses for each period, an entity shall separately provide by [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") and major security type the quantitative disclosures of the activity in the allowance for credit losses for [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") within the scope of this Subtopic, including all of the following: 1. a The beginning balance in the allowance for credit losses 2. b Current-period provision for expected credit losses 3. c The initial allowance for credit losses recognized on financial assets accounted for as [purchased financial assets with credit deterioration](https://asc.understandingaccounting.org/glossary/p/#purchased-financial-assets-with-credit-deterioration "Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer's assessment. See paragraph 326-20-55-5 for more information on the meaning of similar risk characteristics for assets measured on an amortized cost basis.") (including beneficial interests that meet the criteria in paragraph [325-40-30-1A](https://asc.understandingaccounting.org/asc/325/40/#325-40-30-1A)), if applicable 4. d Writeoffs charged against the allowance 5. e Recoveries collected 6. f The ending balance in the allowance for credit losses. See paragraphs [220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Furthermore, to enable a financial statement user to understand the activity in the allowance for credit losses for each period, an entity shall separately provide by [portfolio segment](https://asc.understandingaccounting.org/glossary/p/#portfolio-segment "The level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. See paragraphs 326-20-50-3 and 326-20-55-10.") and major security type the quantitative disclosures of the activity in the allowance for credit losses for [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") within the scope of this Subtopic, including all of the following in interim and annual reporting periods: 1. a The beginning balance in the allowance for credit losses 2. b Current-period provision for expected credit losses 3. c The initial allowance for credit losses recognized on financial assets accounted for as [purchased financial assets with credit deterioration](https://asc.understandingaccounting.org/glossary/p/#purchased-financial-assets-with-credit-deterioration "Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer's assessment. See paragraph 326-20-55-5 for more information on the meaning of similar risk characteristics for assets measured on an amortized cost basis.") (including beneficial interests that meet the criteria in paragraph [325-40-30-1A](https://asc.understandingaccounting.org/asc/325/40/#325-40-30-1A)), if applicable 4. d Writeoffs charged against the allowance 5. e Recoveries collected 6. f The ending balance in the allowance for credit losses. See paragraphs [220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. #### Past Due Status ##### [326-20-50-14](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-14) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:254af5501a4d9fac3d718d095c12c29393acf6f14c33831323b2141b19e5d687 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To enable a financial statement user to understand the extent of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") that are past due, an entity shall provide an aging analysis of the [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") for financial assets that are past due as of the reporting date, disaggregated by [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3.") and major security type. An entity also shall disclose when it considers a financial asset to be past due. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)To enable a financial statement user to understand the extent of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") that are past due, an entity shall provide an aging analysis of the [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") for financial assets that are past due as of the reporting date, disaggregated by [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3.") and major security type. An entity also shall disclose when it considers a financial asset to be past due. The disclosures in this paragraph are required in interim and annual reporting periods. ##### [326-20-50-15](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-15) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:b47c52a7bb6c14bbf534f097c7bc6e83b25880baeecc34e56f300c67f6401d2e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The requirements to disclose past-due status in paragraph [326-20-50-14](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-14) do not apply to receivables measured at the lower of amortized cost basis or [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."), or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The requirements to disclose past-due status in paragraph [326-20-50-14](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-14)in interim and annual reporting periods do not apply to receivables measured at the lower of amortized cost basis or [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."), or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. #### Nonaccrual Status ##### [326-20-50-16](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-16) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:d002e5aabeb1d7e20ad66d2f57fe48dae4fed25944a5702c3e904556c7b6f994 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To enable a financial statement user to understand the credit risk and interest income recognized on [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") on nonaccrual status, an entity shall disclose all of the following, disaggregated by class of [financing receivable](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities).") and major security type: 1. a The [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") of financial assets on nonaccrual status as of the beginning of the reporting period and the end of the reporting period 2. b The amount of interest income recognized during the period on nonaccrual financial assets 3. c The amortized cost basis of financial assets that are 90 days or more past due, but are not on nonaccrual status as of the reporting date 4. d The amortized cost basis of financial assets on nonaccrual status for which there is no related allowance for credit losses as of the reporting date. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)To enable a financial statement user to understand the credit risk and interest income recognized on [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") on nonaccrual status, an entity shall disclose all of the following, disaggregated by class of [financing receivable](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities).") and major security type, in interim and annual reporting periods: 1. a The [amortized cost basis](https://asc.understandingaccounting.org/glossary/a/#amortized-cost-basis "The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs, foreign exchange, and fair value hedge accounting adjustments.") of financial assets on nonaccrual status as of the beginning of the reporting period and the end of the reporting period 2. b The amount of interest income recognized during the period on nonaccrual financial assets 3. c The amortized cost basis of financial assets that are 90 days or more past due, but are not on nonaccrual status as of the reporting date 4. d The amortized cost basis of financial assets on nonaccrual status for which there is no related allowance for credit losses as of the reporting date. ##### [326-20-50-17](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-17) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:3d0d76384ece11b2899cd34914bfa07f312aa5b49982a31fe4100d42a322ce4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity's summary of significant accounting policies for financial assets within the scope of this Subtopic shall include all of the following: 1. a Nonaccrual policies, including the policies for discontinuing accrual of interest, recording payments received on nonaccrual assets (including the cost recovery method, cash basis method, or some combination of those methods), and resuming accrual of interest, if applicable 2. b The policy for determining past-due or delinquency status 3. c The policy for recognizing writeoffs within the allowance for credit losses. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity's summary of significant accounting policies for financial assets within the scope of this Subtopic shall include all of the following: 1. a Nonaccrual policies, including the policies for discontinuing accrual of interest, recording payments received on nonaccrual assets (including the cost recovery method, cash basis method, or some combination of those methods), and resuming accrual of interest, if applicable 2. b The policy for determining past-due or delinquency status 3. c The policy for recognizing writeoffs within the allowance for credit losses. ##### [326-20-50-18](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-18) Pending content: yes Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:dfc0a7f8628cacec9e74d7549369a34b77d3d9efc1c5a742955e14800665ba1c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The requirements to disclose nonaccrual status in paragraphs [326-20-50-16 through 50-17](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-16) do not apply to receivables measured at lower of amortized cost basis or fair value, or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The requirements to disclose nonaccrual status in paragraphs [326-20-50-16 through 50-17](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-16) in interim and annual reporting periods do not apply to receivables measured at lower of amortized cost basis or fair value, or trade receivables due in one year or less, except for credit card receivables, that result from revenue transactions within the scope of Topic 605 on revenue recognition or Topic 606 on revenue from contracts with customers. #### Purchased Financial Assets with Credit Deterioration ##### [326-20-50-19](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-19) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:0ab7cfadb901709635708a254c8147eec4483c1fcb5254c643a30d9c8f6f24b5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To the extent an entity acquired [purchased financial assets with credit deterioration](https://asc.understandingaccounting.org/glossary/p/#purchased-financial-assets-with-credit-deterioration "Acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that as of the date of acquisition have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by an acquirer's assessment. See paragraph 326-20-55-5 for more information on the meaning of similar risk characteristics for assets measured on an amortized cost basis.") during the current reporting period, an entity shall provide a reconciliation of the difference between the purchase price of the [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") and the par value of the assets, including: 1. a The purchase price 2. b The allowance for credit losses at the acquisition date based on the acquirer's assessment 3. c The discount (or premium) attributable to other factors 4. d The par value. #### Collateral-Dependent Financial Assets ##### [326-20-50-20](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-20) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:38d97501217cc82287e700b42fd94204dceb7f5911ac2e4af12e16ba85b96302 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a [financial asset](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") for which the repayment (on the basis of an entity's assessment as of the reporting date) is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty, an entity shall describe the type of collateral by [class of financing receivable](https://asc.understandingaccounting.org/glossary/c/#class-of-financing-receivable "A group of financing receivables determined on the basis of both of the following:Risk characteristics of the financing receivableAn entity's method for monitoring and assessing credit risk.See paragraphs 326-20-55-11326-20-55-12326-20-55-13326-20-55-14 and 326-20-50-3.") and major security type. The entity also shall qualitatively describe, by class of financing receivable and major security type, the extent to which collateral secures its collateral-dependent financial assets, and significant changes in the extent to which collateral secures its collateral-dependent financial assets, whether because of a general deterioration or some other reason. #### Off-Balance-Sheet Credit Exposures ##### [326-20-50-21](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-21) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:c6baa7f89bde4c24470ed90adc22fe209f41d1bd69e4172a891bc29d6991c5ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In addition to disclosures required by other Topics, an entity shall disclose a description of the accounting policies and methodology the entity used to estimate its liability for off-balance-sheet credit exposures and related charges for those credit exposures. Such a description shall identify the factors that influenced management's judgment (for example, historical losses, existing economic conditions, and reasonable and supportable forecasts) and a discussion of risk elements relevant to particular categories of financial instruments. ##### [326-20-50-22](https://asc.understandingaccounting.org/asc/326/20/#326-20-50-22) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:37.048Z to 2026-09-09T23:49:37.048Z Record version: sha256:e3d89da392721139341f4c229b35b51f7489cdcc8665dd475f5e21bc947e539f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Off-balance-sheet credit exposures refers to credit exposures on off-balance-sheet [loan commitments](https://asc.understandingaccounting.org/glossary/l/#loan-commitment "Loan commitments are legally binding commitments to extend credit to a counterparty under certain prespecified terms and conditions. They have fixed expiration dates and may either be fixed-rate or variable-rate. Loan commitments can be either of the following: Revolving (in which the amount of the overall commitment is reestablished upon repayment of previously drawn amounts) Nonrevolving (in which the amount of the overall commitment is not reestablished upon repayment of previously drawn amounts)."), [standby letters of credit](https://asc.understandingaccounting.org/glossary/s/#standby-letter-of-credit "A letter of credit (or similar arrangement however named or designated) that represents an obligation to the beneficiary on the part of the issuer for any of the following: To repay money borrowed by or advanced to or for the account of the account party To make payment on account of any evidence of indebtedness undertaken by the account party To make payment on account of any default by the account party in the performance of an obligation. A standby letter of credit would not include the following: Commercial letters of credit and similar instruments where the issuing bank expects the beneficiary to draw upon the issuer and which do not guarantee payment of a money obligation A guarantee or similar obligation issued by a foreign branch in accordance with and subject to the limitations of Regulation M of the Federal Reserve Board."), financial guarantees not accounted for as insurance, and other similar instruments, except for instruments within the scope of Topic 815.