{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/460/10/#45-other-presentation-matters","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.","topic":"460","topic_title":"Guarantees","subtopic":"460-10","subtopic_title":"Overall","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"460-10-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_5B8C9B62-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/326/20/#326-20-45-2\" class=\"xref\">326-20-45-2</a> states that an accrual for credit loss on a financial instrument with off-balance-sheet risk (including financial guarantees and <a href=\"/glossary/f/#financial-standby-letter-of-credit\" class=\"term\" title=\"An irrevocable undertaking (typically by a financial institution) to guarantee payment of a specified financial obligation.\"><span>financial standby letters of credit</span></a>) shall be a liability that is recorded separate from a valuation account related to a recognized financial instrument. </span></span></div></div>","snippet":"Paragraph 326-20-45-2 states that an accrual for credit loss on a financial instrument with off-balance-sheet risk (including financial guarantees and financial standby letters of credit) shall be a liability that is rec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c38dd660fbbcb5767efe1127fa0f28a7c3d89120d4a22f22458f0770d9c725d3","downloaded_from":"2026-09-10T00:29:45.866Z","last_downloaded_at":"2026-09-10T00:29:45.866Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482454","source_sha256":"fbcc18c98214ce2c14388fecd12c95f78579890ba4ee629e0b4058f64342bf28"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f89b41e4cbc4f47f2e8526e9814c270b9c798e748866d17054a39e627a0579ff","downloaded_from":"2026-09-10T00:29:45.866Z","last_downloaded_at":"2026-09-10T00:29:45.866Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482454","source_sha256":"fbcc18c98214ce2c14388fecd12c95f78579890ba4ee629e0b4058f64342bf28"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be1e708bb02db647205a991c894f2e4c914a4e941fadee00bd3d9a1be24ac32a","downloaded_from":"2026-09-10T00:29:45.866Z","last_downloaded_at":"2026-09-10T00:29:45.866Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482454","source_sha256":"fbcc18c98214ce2c14388fecd12c95f78579890ba4ee629e0b4058f64342bf28"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be1e708bb02db647205a991c894f2e4c914a4e941fadee00bd3d9a1be24ac32a","downloaded_from":"2026-09-10T00:29:45.866Z","last_downloaded_at":"2026-09-10T00:29:45.866Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482454","source_sha256":"fbcc18c98214ce2c14388fecd12c95f78579890ba4ee629e0b4058f64342bf28"}}