# ASC 405-10-05: Liabilities — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/10/#05-overview-and-background)

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## ASC 405-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/405/10/#05-overview-and-background)

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##### [405-10-05-1](https://asc.understandingaccounting.org/asc/405/10/#405-10-05-1)

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The Liabilities Topic includes the following Subtopics:

1.  a
    
    Overall
    
2.  b
    
    Extinguishments of Liabilities
    
3.  c
    
    Insurance-Related Assessments
    
4.  d
    
    Obligations Resulting from Joint and Several Liability Arrangements
    
5.  e
    
    Supplier Finance Programs.

##### [405-10-05-2](https://asc.understandingaccounting.org/asc/405/10/#405-10-05-2)

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This Subtopic identifies the locations in the Codification that provide guidance for liabilities. The following Topics directly discuss the recognition of liabilities:

1.  a
    
    Asset Retirement and Environmental Obligations, see Topic 410
    
2.  b
    
    Exit or Disposal Cost Obligations, see Topic 420
    
3.  c
    
    Deferred Revenue and Contract Liabilities, see Topic 430
    
4.  d
    
    Commitments, see Topic 440
    
5.  e
    
    Contingencies, see Topic 450
    
6.  f
    
    Guarantees, see Topic 460
    
7.  g
    
    Debt, see Topic 470
    
8.  h
    
    Distinguishing Liabilities from Equity, see Topic 480.

##### [405-10-05-3](https://asc.understandingaccounting.org/asc/405/10/#405-10-05-3)

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Other Topics, including industries, may contain guidance related to specific liabilities associated with those Topics.