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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
942-360-45-1AmendedAccounting Standards Update No. 2020-1010/29/2020
942-360-50-1AddedAccounting Standards Update No. 2020-1010/29/2020
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This Subtopic provides guidance concerning the financial statement presentation of financial institution property, plant, and equipment.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 942-10-15.
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Premises and equipment are generally shown as a single caption on the balance sheet, net of accumulated depreciation and amortization, the amount of which shall be presented on the face of the balance sheet or disclosed in the notes to financial statements. (See paragraph 942-360-50-1.)
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For premises and equipment, net gains or net losses on dispositions shall be included in noninterest income or noninterest expense.
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Premises and equipment are generally shown as a single caption on the balance sheet, net of accumulated depreciation and amortization, the amount of which shall be presented on the face of the balance sheet or disclosed in the notes to financial statements. (See paragraph 942-360-45-1.)
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Premises and equipment are generally reported as a single balance sheet caption, net of accumulated depreciation and amortization, with the accumulated amount shown on the face of the balance sheet or in the notes. 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