# ASC 825-10-45: Financial Instruments — Overall — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/825/10/#45-other-presentation-matters) 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): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:445e4330bc37b752148c2a8f5f92fe2325cf45ea5be58c13ddcb7b20f2d0cbf3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 825-10-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/825/10/#45-other-presentation-matters) SEC content: no #### Statement of Financial Position ##### [825-10-45-1A](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-1A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:cefff563db1f849b734582b63ee2381378ab71d729e50141bf7a7da37ba61469 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall separately present [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.") and [financial liabilities](https://asc.understandingaccounting.org/glossary/f/#financial-liability "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.") 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. ### Fair Value Option ##### [825-10-45-1](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:7fb3864fefbf37de7c571bdebf95fc2926ae68e07bb0c017d55514f8189f0085 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-45-1B](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-1B) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:f5bc89b8de4512807ba7a4a9ca8d424ca27d78a0b718fc47784a3280179942b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entities shall report assets and liabilities that are measured at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "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.") 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. ##### [825-10-45-2](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:f760a2f81886724b3786dbff99afd3fb2601a8e3f902c6d61c0281297465a0e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. #### Statement of Cash Flows ##### [825-10-45-3](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:9b5e49ab458107cb745e7f14916d14b7a0bfd26939f8abd8dd94544cafe5783d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. #### Statement of Comprehensive Income ##### [825-10-45-4](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:7181d6348a1533f4cb57462b67e4d69162079ac880de0990199ecaa312421a1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A business entity shall report unrealized gains and losses on items for which the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "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.") option has been elected in earnings (or another performance indicator if the business entity does not report earnings) at each subsequent reporting date. ##### [825-10-45-5](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:3b311c9545063fa047288ca816201844aa2137ce1150db020e52275b9aa9e014 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [825-10-45-5A](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-5A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:ff9e7d563ffe99a24461cc0e4157e487f1ce5df37c79fdfcf0df9b54d43f10af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/830/20/#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. ##### [825-10-45-6](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:1f59baa1d418de6d20a66b5cde4062b17e9626b81bfea7dc23a4f3b752539bb8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [825-10-45-7](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:28.896Z to 2026-09-10T01:44:28.896Z Record version: sha256:2e0d6ab10dac4fa8ec85488df4a7ef91f6dfbf83907e0d3571ee5d6357202583 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in paragraph [825-10-45-5](https://asc.understandingaccounting.org/asc/825/10/#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](https://asc.understandingaccounting.org/asc/810/10/#810-10-30-10) and [810-10-35-6 through 35-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-35-6) .