{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/825/10/#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":"825","topic_title":"Financial Instruments","subtopic":"825-10","subtopic_title":"Overall","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Statement of Financial Position","paragraphs":[{"citation":"825-10-45-1A","para":"45-1A","html":"
An entity shall separately present financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) in the statement of financial position or the accompanying notes to the financial statements.
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Paragraph superseded by Accounting Standards Update No. 2016-01.
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Entities shall report assets and liabilities that are measured at fair value pursuant to the fair value option in this Subtopic in a manner that separates those reported fair values from the carrying amounts of similar assets and liabilities measured using another measurement attribute.
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To accomplish that, an entity shall either:
  1. a
    Present the aggregate of fair value and non-fair-value amounts in the same line item in the statement of financial position and parenthetically disclose the amount measured at fair value included in the aggregate amount
  2. b
    Present two separate line items to display the fair value and non-fair-value carrying amounts.
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Entities shall classify cash receipts and cash payments related to items measured at fair value according to their nature and purpose as required by Topic 230.
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A business entity shall report unrealized gains and losses on items for which the fair value option has been elected in earnings (or another performance indicator if the business entity does not report earnings) at each subsequent reporting date.
","snippet":"A business entity shall report unrealized gains and losses on items for which the fair value option has been elected in earnings (or another performance indicator if the business entity does not report earnings) at each …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7181d6348a1533f4cb57462b67e4d69162079ac880de0990199ecaa312421a1f","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}},{"citation":"825-10-45-5","para":"45-5","html":"
If an entity has designated a financial liability under the fair value option in accordance with this Subtopic or Subtopic 815-15 on embedded derivatives, the entity shall measure the financial liability at fair value with qualifying changes in fair value recognized in net income. The entity shall present separately in other comprehensive income the portion of the total change in the fair value of the liability that results from a change in the instrument-specific credit risk. The entity may consider the portion of the total change in fair value that excludes the amount resulting from a change in a base market risk, such as a risk-free rate or a benchmark interest rate, to be the result of a change in instrument-specific credit risk. Alternatively, an entity may use another method that it considers to faithfully represent the portion of the total change in fair value resulting from a change in instrument-specific credit risk. The entity shall apply the method consistently to each financial liability from period to period.
","snippet":"If an entity has designated a financial liability under the fair value option in accordance with this Subtopic or Subtopic 815-15 on embedded derivatives, the entity shall measure the financial liability at fair value wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b311c9545063fa047288ca816201844aa2137ce1150db020e52275b9aa9e014","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}},{"citation":"825-10-45-5A","para":"45-5A","html":"
When changes in instrument-specific credit risk are presented separately from other changes in fair value of a liability denominated in a currency other than an entity's functional currency, the component of the change in fair value of the liability resulting from changes in instrument-specific credit risk shall first be measured in the liability's currency of denomination, and then the cumulative amount shall be adjusted to reflect the current exchange rate in accordance with paragraph 830-20-35-2. The remeasurement of the component of the change in fair value of the liability resulting from the cumulative changes in instrument-specific credit risk shall be presented in accumulated other comprehensive income.
","snippet":"When changes in instrument-specific credit risk are presented separately from other changes in fair value of a liability denominated in a currency other than an entity's functional currency, the component of the change i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff9e7d563ffe99a24461cc0e4157e487f1ce5df37c79fdfcf0df9b54d43f10af","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}},{"citation":"825-10-45-6","para":"45-6","html":"
Upon derecognition of a financial liability designated under the fair value option in accordance with this Subtopic, an entity shall include in net income the cumulative amount of the gain or loss on the financial liability that resulted from changes in instrument-specific credit risk.
","snippet":"Upon derecognition of a financial liability designated under the fair value option in accordance with this Subtopic, an entity shall include in net income the cumulative amount of the gain or loss on the financial liabil…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f59baa1d418de6d20a66b5cde4062b17e9626b81bfea7dc23a4f3b752539bb8","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}},{"citation":"825-10-45-7","para":"45-7","html":"
The guidance in paragraph 825-10-45-5 does not apply to financial liabilities of a consolidated collateralized financing entity measured using the measurement alternative in paragraphs
810-10-30-10 through 30-15
and
810-10-35-6 through 35-8
.
","snippet":"The guidance in paragraph 825-10-45-5 does not apply to financial liabilities of a consolidated collateralized financing entity measured using the measurement alternative in paragraphs 810-10-30-10 through 30-15 and 810-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e0d6ab10dac4fa8ec85488df4a7ef91f6dfbf83907e0d3571ee5d6357202583","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00f70ac2d43b3afd6bffebce8f9899c11a2e2dd8480d7d9543baba0f1bd610cb","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:445e4330bc37b752148c2a8f5f92fe2325cf45ea5be58c13ddcb7b20f2d0cbf3","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:445e4330bc37b752148c2a8f5f92fe2325cf45ea5be58c13ddcb7b20f2d0cbf3","downloaded_from":"2026-09-10T01:44:28.896Z","last_downloaded_at":"2026-09-10T01:44:28.896Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482736","source_sha256":"3688bf6015aa1eb6df107ebfc3f53facc0d6574cd95930c3d1c422bdf526e85c"}}