# ASC 405-10: Liabilities — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/405/10/) 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): 2026-09-10T00:13:36.711Z to 2026-09-10T00:13:43.757Z Record version: sha256:f484b92d2086f65fe043d3851cda74cc92f241c7aeaaeed0522afec5ba335a09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-10: Liabilities — Overall ### Machine-generated study aids ```json { "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" ] } ``` Source downloaded (UTC): 2026-09-10T00:13:36.711Z to 2026-09-10T00:13:36.711Z Record version: sha256:6577d4dc0436f891d774e3adf8e5a91a3debaf55d6ecc7d79455fccaebd24842 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/405/10/#00-status) SEC content: no ##### [405-10-00-1](https://asc.understandingaccounting.org/asc/405/10/#405-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:36.711Z to 2026-09-10T00:13:36.711Z Record version: sha256:7c7f9c3b362d404a50a0933dede7d2c6cfe87ccf6f3b526f283d01e120f28840 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
405-10-05-1AmendedAccounting Standards Update No. 2022-0409/29/2022
405-10-05-1AmendedMaintenance Update 2014-20 (PDF)09/29/2014
405-10-05-2AmendedAccounting Standards Update No. 2023-0408/03/2023
405-10-05-2AmendedAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:13:38.382Z to 2026-09-10T00:13:38.382Z Record version: sha256:c987b2b9f551f7e97fc51ebee77f9197d58634cc3dc32eb71329bf2c0d8984a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/405/10/#05-overview-and-background) SEC content: no ##### [405-10-05-1](https://asc.understandingaccounting.org/asc/405/10/#405-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:38.382Z to 2026-09-10T00:13:38.382Z Record version: sha256:8f24eaa56ea6c2f128269c266499f5104beceecbad300823441365a5dfd83aa2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:38.382Z to 2026-09-10T00:13:38.382Z Record version: sha256:cb8070a2c8312bd80096e642e565493da948936a383bd4767f6b156c800b66ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:38.382Z to 2026-09-10T00:13:38.382Z Record version: sha256:f3040b6856654242847b4ef5a492d6b8cc6007b82bcbb54286670d35ae324975 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Other Topics, including industries, may contain guidance related to specific liabilities associated with those Topics. Source downloaded (UTC): 2026-09-10T00:13:40.718Z to 2026-09-10T00:13:40.718Z Record version: sha256:fd902bdeb6a2ce7ef1b835e06bf0fc3c6c78439a2718def98f31798c22b007ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/405/10/#sec-00-status) SEC content: yes ##### [405-10-S00-1](https://asc.understandingaccounting.org/asc/405/10/#405-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:40.718Z to 2026-09-10T00:13:40.718Z Record version: sha256:79b878e61c0c619f6c8e2e33bdc255f6ada8887653d43cac6c10e1304bff6347 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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
Source downloaded (UTC): 2026-09-10T00:13:43.757Z to 2026-09-10T00:13:43.757Z Record version: sha256:3a1c5963298a8a678a2951f77948660083eb74986eb6a6d1686ca36a6b956bee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/405/10/#sec-99-sec-materials) SEC content: yes #### SEC Staff Guidance ##### [405-10-S99-1](https://asc.understandingaccounting.org/asc/405/10/#405-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:13:43.757Z to 2026-09-10T00:13:43.757Z Record version: sha256:a87df6c650a530f55299aff00120759e21b02d1abd48b239491e136b8d79e119 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 5.FF. Removed by SAB 122.