{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/825/10/#55-implementation-guidance-and-illustrations","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":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"825-10-55-1","para":"55-1","html":"
The terms of certain loan products may increase a reporting entity's exposure to credit risk and thereby may result in a concentration of credit risk as that term is used in this Subtopic, either as an individual product type or as a group of products with similar features. Possible shared characteristics on which significant concentrations may be determined include, but are not limited to, the following:
  1. a
    Borrowers subject to significant payment increases
  2. b
    Loans with terms that permit negative amortization
  3. c
    Loans with high loan-to-value ratios.
","snippet":"The terms of certain loan products may increase a reporting entity's exposure to credit risk and thereby may result in a concentration of credit risk as that term is used in this Subtopic, either as an individual product…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c20fd652c973af2552edd1f8bd25964d55fd8eaeca452eb2974f840da37d32ff","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-2","para":"55-2","html":"
Judgment is required to determine whether loan products have terms that give rise to a concentration of credit risk. Furthermore, an entity may disclose how underwriting procedures are designed to control the credit risk that may arise from future payment increases.
","snippet":"Judgment is required to determine whether loan products have terms that give rise to a concentration of credit risk. Furthermore, an entity may disclose how underwriting procedures are designed to control the credit risk…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d094c8880debe6c0fd36a2770a0ee1f75a047abb4b071fcf4971323a7c5fc6f","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-3","para":"55-3","html":"
Paragraph superseded by Accounting Standards Update No. 2016-01.
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Paragraph superseded by Accounting Standards Update No. 2016-01.
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Paragraph superseded by Accounting Standards Update No. 2016-01.
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The following Cases illustrate selected disclosure requirements for items reported at fair value under this Subtopic:
  1. a
    The Fair Value Option Subsection of 825-10-50 disclosures with voluntary integration of the General Subsection of 825-10-50 disclosures (Case A)
  2. b
    The Fair Value Option Subsection of 825-10-50 disclosures without voluntary integration of the General Subsection of 825-10-50 disclosures (Case B).
","snippet":"The following Cases illustrate selected disclosure requirements for items reported at fair value under this Subtopic:\n(a) The Fair Value Option Subsection of 825-10-50 disclosures with voluntary integration of the Genera…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d7031f168f87e4424f0eeffaed9c433548fa82d1992993d4725368b792104d8","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-7","para":"55-7","html":"
Cases A and B represent suggested forms for presenting disclosure information. While the suggested forms of presentation illustrate selected required disclosures, the suggested forms of presentation are not mandated by this Subtopic. Aggregation of related fair value disclosures is encouraged but not required.
","snippet":"Cases A and B represent suggested forms for presenting disclosure information. While the suggested forms of presentation illustrate selected required disclosures, the suggested forms of presentation are not mandated by t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7dc84e22382c78a957a5367b479a293fd6e25dc576dace7e1244305837dc199","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-8","para":"55-8","html":"
The statement of financial position for Entity XYZ as of December 31, 20X1, is provided to assist in understanding the illustrative fair value disclosures in Cases A and B.
","snippet":"The statement of financial position for Entity XYZ as of December 31, 20X1, is provided to assist in understanding the illustrative fair value disclosures in Cases A and B.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79141296d740b59e1997870ff42924ea4f41afa20ff73e0aac66eafaa24c68b9","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-9","para":"55-9","html":"
The objective is to provide information about all of the following:
  1. a
    Assets and liabilities measured at fair value on a recurring basis (as required by Subtopic 820-10)
  2. b
    Changes in fair values of assets and liabilities for which the fair value option has been elected in a manner that relates to the statement of financial position (as required by this Subtopic)
  3. c
    Fair value estimates and corresponding carrying amounts for major categories of assets and liabilities that include items measured at fair value on a recurring basis (in accordance with the General Subsection of 825-10-50).
","snippet":"The objective is to provide information about all of the following:\n(a) Assets and liabilities measured at fair value on a recurring basis (as required by Subtopic 820-10)\n(b) Changes in fair values of assets and liabili…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f811bcda34e0baa65a716179f8949062ceec7ae7735c29755500de1e875d0b82","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-10","para":"55-10","html":"
The following table represents the fair value tabular disclosure required by paragraph 820-10-50-2(b), supplemented to do both of the following:
  1. a
    Provide information about where in the income statement changes in fair values of assets and liabilities reported at fair value are included in earnings
  2. b
    Voluntarily integrate selected disclosures required annually by the General Subsection of 825-10-50.
Disclosures required by paragraphs 825-10-50-28(c) and 825-10-50-30(a) are illustrated in the narrative disclosure that follows the table.
","snippet":"The following table represents the fair value tabular disclosure required by paragraph 820-10-50-2(b), supplemented to do both of the following:\n(a) Provide information about where in the income statement changes in fair…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6cc45dd144734f1491a8b1adfa61e9b49af6bf648ae144aa6a5a8fad81a715b","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-11","para":"55-11","html":"
An entity might provide either of the following additional disclosures required by paragraph 825-10-50-28(a) through (b) after the following table:
  1. a
    Management's reasons for electing a fair value option for each eligible item or group of similar eligible items
  2. b
    If the fair value option is elected for some but not all eligible items within a group of similar eligible items, both of the following:
    1. 1
      A description of those similar items and the reasons for partial election
    2. 2
      Information to enable users to understand how the group of similar items relates to individual line items on the statement of financial position.
","snippet":"An entity might provide either of the following additional disclosures required by paragraph 825-10-50-28(a) through (b) after the following table:\n(a) Management's reasons for electing a fair value option for each eligi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b642a69920c782043a1b257ffafa6a0b5948f08f960c8fc5c6ea3e58e707245","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-12","para":"55-12","html":"
The following table illustrates an alternative presentation that does not integrate disclosures required annually by this Subtopic or the additional gain and loss amounts voluntarily displayed in the table in Case A. The following table represents the fair value hierarchy table set forth in Topic 820, supplemented to provide information about where in the income statement changes in fair values of assets and liabilities for which the fair value option has been elected are included in earnings. Disclosures required by paragraphs 825-10-50-28(c) and 825-10-50-30(a) are illustrated in the narrative disclosure that follows the table.
","snippet":"The following table illustrates an alternative presentation that does not integrate disclosures required annually by this Subtopic or the additional gain and loss amounts voluntarily displayed in the table in Case A. The…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:389c8865c025c7c86dc2887c65995520a4de5f67dacdb428837ca6234abad0b4","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},{"citation":"825-10-55-13","para":"55-13","html":"
An entity might provide either of the following additional disclosures required by paragraph 825-10-50-28(a) through (b) after the table:
  1. a
    Management's reasons for electing a fair value option for each eligible item or group of similar eligible items
  2. b
    If the fair value option is elected for some but not all eligible items within a group of similar eligible items, both of the following:
    1. 1
      A description of those similar items and the reasons for partial election
    2. 2
      Information to enable users to understand how the group of similar items relates to individual line items on the statement of financial position.
","snippet":"An entity might provide either of the following additional disclosures required by paragraph 825-10-50-28(a) through (b) after the table:\n(a) Management's reasons for electing a fair value option for each eligible item o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce94524aab1dbd19f90b965bf1a53d24dcfc4cb5dd54d830cb8d6937c58a4768","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39e7d692950a2978625b301319821f0f42a8b328cb8c037a9be6b37d95f571a1","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e6588212da049bf0aabe3616370250c8d54675a66437f76c91253c2dbd8fab4","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e6588212da049bf0aabe3616370250c8d54675a66437f76c91253c2dbd8fab4","downloaded_from":"2026-09-10T01:44:34.825Z","last_downloaded_at":"2026-09-10T01:44:34.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482881","source_sha256":"7d3c75a578415158e82c8df350ccc8b27b3dd2a32e61df5947acb229b392e6e8"}}