{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/10/","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.","number":"405-10","topic":"405","title":"Overall","area":"Liabilities","paragraphs":6,"summary":"ASC 405-10 is the Overall subtopic of the Liabilities Topic; it functions as a navigational \"roadmap\" rather than a source of substantive measurement rules. It lists the other Subtopics within Topic 405 (Extinguishments of Liabilities, Insurance-Related Assessments, Joint and Several Liability Arrangements, Supplier Finance Programs) and points to the Topics elsewhere in the Codification that directly address recognition of particular liabilities.","concepts":["liabilities","recognition of liabilities","codification navigation","extinguishment of liabilities","contingencies","guarantees","distinguishing liabilities from equity","supplier finance programs"],"categories":["Recognition","Presentation","Contingencies and guarantees","Debt and equity"],"level":"introductory","topic_title":"Liabilities","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
405-10-05-1 Amended Accounting Standards Update No. 2022-04 09/29/2022
405-10-05-1 Amended Maintenance Update 2014-20 (PDF) 09/29/2014
405-10-05-2 Amended Accounting Standards Update No. 2023-04 08/03/2023
405-10-05-2 Amended Accounting Standards Update No. 2014-09 05/28/2014
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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.
","snippet":"The Liabilities Topic includes the following Subtopics:\n(a) Overall\n(b) Extinguishments of Liabilities\n(c) Insurance-Related Assessments\n(d) Obligations Resulting from Joint and Several Liability Arrangements\n(e) Supplie…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f24eaa56ea6c2f128269c266499f5104beceecbad300823441365a5dfd83aa2","downloaded_from":"2026-09-10T00:13:38.382Z","last_downloaded_at":"2026-09-10T00:13:38.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482703","source_sha256":"2b74ea4ead2f9af6bef45bae263ebaac73a21d20fc3be456ced24a755e8790da"}},{"citation":"405-10-05-2","para":"05-2","html":"
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.
","snippet":"This Subtopic identifies the locations in the Codification that provide guidance for liabilities. The following Topics directly discuss the recognition of liabilities:\n(a) Asset Retirement and Environmental Obligations, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb8070a2c8312bd80096e642e565493da948936a383bd4767f6b156c800b66ff","downloaded_from":"2026-09-10T00:13:38.382Z","last_downloaded_at":"2026-09-10T00:13:38.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482703","source_sha256":"2b74ea4ead2f9af6bef45bae263ebaac73a21d20fc3be456ced24a755e8790da"}},{"citation":"405-10-05-3","para":"05-3","html":"
Other Topics, including industries, may contain guidance related to specific liabilities associated with those Topics.
","snippet":"Other Topics, including industries, may contain guidance related to specific liabilities associated with those Topics.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3040b6856654242847b4ef5a492d6b8cc6007b82bcbb54286670d35ae324975","downloaded_from":"2026-09-10T00:13:38.382Z","last_downloaded_at":"2026-09-10T00:13:38.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482703","source_sha256":"2b74ea4ead2f9af6bef45bae263ebaac73a21d20fc3be456ced24a755e8790da"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19caeafdc165261a285c16b7f03aa004ea7e67bd94197a4faa12e1ec893743ce","downloaded_from":"2026-09-10T00:13:38.382Z","last_downloaded_at":"2026-09-10T00:13:38.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482703","source_sha256":"2b74ea4ead2f9af6bef45bae263ebaac73a21d20fc3be456ced24a755e8790da"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c987b2b9f551f7e97fc51ebee77f9197d58634cc3dc32eb71329bf2c0d8984a1","downloaded_from":"2026-09-10T00:13:38.382Z","last_downloaded_at":"2026-09-10T00:13:38.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482703","source_sha256":"2b74ea4ead2f9af6bef45bae263ebaac73a21d20fc3be456ced24a755e8790da"}},{"number":"S00","label":"SEC 00 Status","anchor":"sec-00-status","is_sec":true,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-10-S00-1","para":"S00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
405-10-S99-1AmendedAccounting Standards Update No. 2025-0203/18/2025
405-10-S99-1AddedAccounting Standards Update No. 2023-0408/03/2023
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n405-10-S99-1 | Amended | Accounting Standards Update No. 2025-02 | 03/18/2025 |\n405-10-S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79b878e61c0c619f6c8e2e33bdc255f6ada8887653d43cac6c10e1304bff6347","downloaded_from":"2026-09-10T00:13:40.718Z","last_downloaded_at":"2026-09-10T00:13:40.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476187","source_sha256":"ce6c9287e575c18f63eb873562e5c7fb2a8b17023011a47b37c92e75187a0f50"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f0e909a119d281e409121c7081f9a83867636b3f4fa786331b57c1cbd5fd9572","downloaded_from":"2026-09-10T00:13:40.718Z","last_downloaded_at":"2026-09-10T00:13:40.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476187","source_sha256":"ce6c9287e575c18f63eb873562e5c7fb2a8b17023011a47b37c92e75187a0f50"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd902bdeb6a2ce7ef1b835e06bf0fc3c6c78439a2718def98f31798c22b007ab","downloaded_from":"2026-09-10T00:13:40.718Z","last_downloaded_at":"2026-09-10T00:13:40.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476187","source_sha256":"ce6c9287e575c18f63eb873562e5c7fb2a8b17023011a47b37c92e75187a0f50"}},{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"405-10-S99-1","para":"S99-1","html":"
The following is the text of SAB Topic 5.FF.
Removed by SAB 122.
","snippet":"The following is the text of SAB Topic 5.FF.Removed by SAB 122.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a87df6c650a530f55299aff00120759e21b02d1abd48b239491e136b8d79e119","downloaded_from":"2026-09-10T00:13:43.757Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476188","source_sha256":"212d3952f7178786b4f477a94c76c941d53e2bc5b29263bdb2d408a039f3dcfb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:408bce967b31d17e3be53bb0b9fac26e2ad1218999889dc1d162d4767f71f8dd","downloaded_from":"2026-09-10T00:13:43.757Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476188","source_sha256":"212d3952f7178786b4f477a94c76c941d53e2bc5b29263bdb2d408a039f3dcfb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a1c5963298a8a678a2951f77948660083eb74986eb6a6d1686ca36a6b956bee","downloaded_from":"2026-09-10T00:13:43.757Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476188","source_sha256":"212d3952f7178786b4f477a94c76c941d53e2bc5b29263bdb2d408a039f3dcfb"}}],"enrichment":{"summary":"ASC 405-10 is the Overall subtopic of the Liabilities Topic; it functions as a navigational \"roadmap\" rather than a source of substantive measurement rules. It lists the other Subtopics within Topic 405 (Extinguishments of Liabilities, Insurance-Related Assessments, Joint and Several Liability Arrangements, Supplier Finance Programs) and points to the Topics elsewhere in the Codification that directly address recognition of particular liabilities.","key_points":["Topic 405 comprises the Overall, Extinguishments of Liabilities, Insurance-Related Assessments, Obligations Resulting from Joint and Several Liability Arrangements, and Supplier Finance Programs Subtopics (405-10-05-1).","405-10 itself identifies where liability guidance is located in the Codification rather than establishing recognition or measurement criteria (405-10-05-2).","Topics that directly discuss recognition of liabilities include Topic 410 (asset retirement and environmental obligations), Topic 420 (exit or disposal cost obligations), Topic 430 (deferred revenue and contract liabilities), and Topic 440 (commitments) (405-10-05-2).","Recognition guidance also resides in Topic 450 (contingencies), Topic 460 (guarantees), Topic 470 (debt), and Topic 480 (distinguishing liabilities from equity) (405-10-05-2).","Other Topics, including industry-specific Topics, may contain guidance for liabilities associated with those Topics (405-10-05-3)."],"categories":["Recognition","Presentation","Contingencies and guarantees","Debt and equity"],"audience_level":"introductory","student_note":"Use 405-10 as an index: when a liability question arises, it tells you which Topic (410–480) actually governs. The common mistake is trying to find substantive recognition or measurement rules here — 405-10 contains none.","related_topics":["405-20","410","420","450","460","480"],"key_concepts":["liabilities","recognition of liabilities","codification navigation","extinguishment of liabilities","contingencies","guarantees","distinguishing liabilities from equity","supplier finance programs"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09f892a277271fa72695d058236751c79dbb42d3c29ab46284569007b6c98501","downloaded_from":"2026-09-10T00:13:36.711Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"405-40","title":"Obligations Resulting from Joint and Several Liability Arrangements","topic_title":"Liabilities","score":0.7607,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36a2ab6073f97e6aaec168a0b6bfb2711f2fbba6fa2cd23e2f678f2534bd5d76","downloaded_from":"2026-09-10T00:14:46.909Z","last_downloaded_at":"2026-09-10T00:15:14.537Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"430-10","title":"Overall","topic_title":"Deferred Revenue","score":0.7537,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b92338fed06fc4e065eff07fc4ad630176a27f58eb047f0d30147307d6cd1387","downloaded_from":"2026-09-10T00:23:26.626Z","last_downloaded_at":"2026-09-10T00:23:37.898Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"405-944","title":"Financial Services—Insurance","topic_title":"Liabilities","score":0.7512,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29f01bb9e61cd54223a40e831463a0bbd53297828afc0afbe86481ea16de7033","downloaded_from":"2026-09-10T00:18:57.648Z","last_downloaded_at":"2026-09-10T00:19:09.841Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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retrieval timestamps"}}],"prev":{"number":"360-980","title":"Regulated Operations","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f427aa201f159a90cf4f5345ec8af2054e872ddad305e355b9c04df852033943","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"405-20","title":"Extinguishments of 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