{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/850/10/#50-disclosure","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":"850","topic_title":"Related Party Disclosures","subtopic":"850-10","subtopic_title":"Overall","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Related Party Transactions","paragraphs":[{"citation":"850-10-50-1","para":"50-1","html":"
Financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include:
  1. a
    The nature of the relationship(s) involved
  2. b
    A description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements
  3. c
    The dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period
  4. d
    Amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement
  5. e
    The information required by paragraph 740-10-50-17.
","snippet":"Financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c15085274a88246627a89e5c58345898b168f2ef2eccf2fbeeb94cd6a3b3dc13","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},{"citation":"850-10-50-2","para":"50-2","html":"
Notes or accounts receivable from officers, employees, or affiliated entities must be shown separately and not included under a general heading such as notes receivable or accounts receivable.
","snippet":"Notes or accounts receivable from officers, employees, or affiliated entities must be shown separately and not included under a general heading such as notes receivable or accounts receivable.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ead24b0b914f3f4ef561922d498701692359e5a58b68a09b19bd3b7f88bf0ff","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},{"citation":"850-10-50-3","para":"50-3","html":"
In some cases, aggregation of similar transactions by type of related party may be appropriate. Sometimes, the effect of the relationship between the parties may be so pervasive that disclosure of the relationship alone will be sufficient. If necessary to the understanding of the relationship, the name of the related party shall be disclosed.
","snippet":"In some cases, aggregation of similar transactions by type of related party may be appropriate. Sometimes, the effect of the relationship between the parties may be so pervasive that disclosure of the relationship alone …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1018c94130b12f180fcba57337e4bd2acbf68df9a69514f77be4135ec79f8c5","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},{"citation":"850-10-50-4","para":"50-4","html":"
It is not necessary to duplicate disclosures in a set of separate financial statements that is presented in the financial report of another entity (the primary reporting entity) if those separate financial statements also are consolidated or combined in a complete set of financial statements and both sets of financial statements are presented in the same financial report.
","snippet":"It is not necessary to duplicate disclosures in a set of separate financial statements that is presented in the financial report of another entity (the primary reporting entity) if those separate financial statements als…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c7fc6b6ad091f67f1c54a156f1004d80978f54d5ff965785c6519ef0900868c","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ed6233d086a64c7d2d4c84b7e11620c1c9608d77eb2d60c4b3447afebc23701","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},{"block":null,"heading":"Disclosures About Arm's-Length Bases of Transactions","paragraphs":[{"citation":"850-10-50-5","para":"50-5","html":"
Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.
","snippet":"Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions wit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0a72a4f4fa03a4be367011680155ef7b1a674ed8e79886ad53c96fa639cf7e2","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc7cbc30b3e588ea3669ce3d3171617a657ed296550b1541d9a0a5df4a84daf7","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},{"block":null,"heading":"Control Relationships","paragraphs":[{"citation":"850-10-50-6","para":"50-6","html":"
If the reporting entity and one or more other entities are under common ownership or management control and the existence of that control could result in operating results or financial position of the reporting entity significantly different from those that would have been obtained if the entities were autonomous, the nature of the control relationship shall be disclosed even though there are no transactions between the entities.
","snippet":"If the reporting entity and one or more other entities are under common ownership or management control and the existence of that control could result in operating results or financial position of the reporting entity si…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27aa4a34c6672c1a90a6926f46b86c9152255fc1e46662c35882546c9489d36a","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5641c61046e93d3cd3696546a8982c63f36410829c7b4f2077ac45ceb94a3279","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:145a08c2d59b81c5c67b166ccbe97541a797badccc0e938f9d73cbe63d67acb2","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:145a08c2d59b81c5c67b166ccbe97541a797badccc0e938f9d73cbe63d67acb2","downloaded_from":"2026-09-10T02:02:30.415Z","last_downloaded_at":"2026-09-10T02:02:30.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483326","source_sha256":"d8796ad61fc7f34457cce17dc04b029991c3e51aca6326e34886f3d0cfaa00b9"}}