{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/15/#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":"815","topic_title":"Derivatives and Hedging","subtopic":"815-15","subtopic_title":"Embedded Derivatives","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-15-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_9F515AEF-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In each statement of financial position presented, an entity shall report hybrid financial instruments measured at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> under the election and under the practicability exception in paragraph <a href=\"/asc/815/15/#815-15-30-1\" class=\"xref\">815-15-30-1</a> in a manner that separates those reported fair values from the carrying amounts of assets and liabilities subsequently measured using another measurement attribute </span></span> <span class=\"sfragment\" id=\"sfr_9F515C67-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">on the face of the statement of financial position. </span></span> <span class=\"sfragment\" id=\"sfr_9F515D65-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">To accomplish that separate reporting, an entity may do either of the following: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_9F515E53-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Display separate line items for the fair value and non-fair-value carrying amounts </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_9F515F5F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Present the aggregate of the fair value and non-fair-value amounts and parenthetically disclose the amount of fair value included in the aggregate amount. </span></span> </div> </li> </ol> </div> </div>","snippet":"In each statement of financial position presented, an entity shall report hybrid financial instruments measured at fair value under the election and under the practicability exception in paragraph 815-15-30-1 in a manner…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:147802867f8b2e32d087ea249085a4107fed4a9eedfa3473e253c717d65f636b","downloaded_from":"2026-09-10T01:36:19.646Z","last_downloaded_at":"2026-09-10T01:36:19.646Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480991","source_sha256":"984de688d8eb2b4e5708ead69352ba696be0667a500ba4cadbc64a7227ab9fae"}},{"citation":"815-15-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_9F516065-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If an entity has designated a <a href=\"/glossary/f/#financial-liability\" class=\"term\" title=\"A contract that imposes on one entity an obligation to do either of the following:Deliver cash or another financial instrument to a second entity Exchange other financial instruments on potentially unfavorable terms with the second entity.\"><span>financial liability</span></a> under the fair value election in accordance with paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/815/15/#815-15-25-4\" class=\"xref\">815-15-25-4 through 25-6</a></div>, the entity shall apply the guidance in paragraph <a href=\"/asc/825/10/#825-10-45-5\" class=\"xref\">825-10-45-5</a> on the presentation of changes in the liability's fair value that result from changes in instrument-specific credit risk. </span></span> </div> </div>","snippet":"If an entity has designated a financial liability under the fair value election in accordance with paragraphs 815-15-25-4 through 25-6, the entity shall apply the guidance in paragraph 825-10-45-5 on the presentation of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3abf50fdf610edf2ff7cc2f838db463866ade4be0630bf3b0a8d4bb147dd926e","downloaded_from":"2026-09-10T01:36:19.646Z","last_downloaded_at":"2026-09-10T01:36:19.646Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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