{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/852/10/#30-initial-measurement","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":"852","topic_title":"Reorganizations","subtopic":"852-10","subtopic_title":"Overall","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"852-10-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ECAED86A-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">As explained in paragraph <a href=\"/asc/852/10/#852-10-45-1\" class=\"xref\">852-10-45-1</a>, entering a <a href=\"/glossary/r/#reorganization-proceeding\" class=\"term\" title=\"A Chapter 11 case from the time at which the petition is filed until the plan is confirmed.\"><span>reorganization proceeding</span></a>, although a significant event, does not ordinarily affect or change the application of generally accepted accounting principles (GAAP) followed by the entity in the preparation of its financial statements. However, the needs of financial statement users change, and thus changes in the reporting practices previously followed by the entity are necessary. </span></span></div></div>","snippet":"As explained in paragraph 852-10-45-1, entering a reorganization proceeding, although a significant event, does not ordinarily affect or change the application of generally accepted accounting principles (GAAP) followed …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d77d25f949dced3eadf678c7ed7fd77966bb606f5b03afe77fe11db3308bdbae","downloaded_from":"2026-09-10T02:03:09.960Z","last_downloaded_at":"2026-09-10T02:03:09.960Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481459","source_sha256":"0e8ee8d1469711e0cb1ea1f78a7253c4fc53dd7eef5c9598cc27cad145bd9182"}},{"citation":"852-10-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">See Section <a altsource=\"GUID-5C76BFF4-47C0-451A-8871-F092D4EC4395.ditamap\" class=\"ditamap\">852-10-45</a> for financial statement presentation guidance applicable to entities during and after reorganization proceedings.</div></div>","snippet":"See Section 852-10-45 for financial statement presentation guidance applicable to entities during and after reorganization proceedings.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45327a8f0d0903da5e6926167d4421b96d235c7649d5b2ad2ed4435073254cc7","downloaded_from":"2026-09-10T02:03:09.960Z","last_downloaded_at":"2026-09-10T02:03:09.960Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481459","source_sha256":"0e8ee8d1469711e0cb1ea1f78a7253c4fc53dd7eef5c9598cc27cad145bd9182"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67d7d6bee878b75d3b3a0b29997762d1833922cb4220b4fafe301be8afca7c0c","downloaded_from":"2026-09-10T02:03:09.960Z","last_downloaded_at":"2026-09-10T02:03:09.960Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481459","source_sha256":"0e8ee8d1469711e0cb1ea1f78a7253c4fc53dd7eef5c9598cc27cad145bd9182"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b28dfde92568998b899b4d2c4811340eb915239987c5a7b83577cdba37361ab9","downloaded_from":"2026-09-10T02:03:09.960Z","last_downloaded_at":"2026-09-10T02:03:09.960Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481459","source_sha256":"0e8ee8d1469711e0cb1ea1f78a7253c4fc53dd7eef5c9598cc27cad145bd9182"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b28dfde92568998b899b4d2c4811340eb915239987c5a7b83577cdba37361ab9","downloaded_from":"2026-09-10T02:03:09.960Z","last_downloaded_at":"2026-09-10T02:03:09.960Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481459","source_sha256":"0e8ee8d1469711e0cb1ea1f78a7253c4fc53dd7eef5c9598cc27cad145bd9182"}}