# ASC 460-10-45: Guarantees — Overall — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 460-10-45: 45 Other Presentation Matters

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##### [460-10-45-1](https://asc.understandingaccounting.org/asc/460/10/#460-10-45-1)

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Paragraph [326-20-45-2](https://asc.understandingaccounting.org/asc/326/20/#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](https://asc.understandingaccounting.org/glossary/f/#financial-standby-letter-of-credit "An irrevocable undertaking (typically by a financial institution) to guarantee payment of a specified financial obligation.")) shall be a liability that is recorded separate from a valuation account related to a recognized financial instrument.