{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/910/10/#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":"910","topic_title":"Contractors—Construction","subtopic":"910-10","subtopic_title":"Overall","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"910-10-50-1","para":"50-1","html":"
This Subtopic provides guidance on disclosures specific to the construction industry.
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Construction contractors shall follow the general disclosure requirements of Subtopic 235-10. Significant accounting policy disclosures relating to construction contractors include both of the following:
  1. a
    Information relating to the method of reporting by affiliated entities shall be disclosed.
  2. b
    If the operating cycle exceeds one year, the range of contract durations shall be disclosed.
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An entity shall disclose liquidity characteristics of specific assets and liabilities if either of the following conditions is met:
  1. a
    The entity's operating cycle exceeds one year.
  2. b
    The entity uses an unclassified balance sheet.
","snippet":"An entity shall disclose liquidity characteristics of specific assets and liabilities if either of the following conditions is met:\n(a) The entity's operating cycle exceeds one year.\n(b) The entity uses an unclassified b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5b4d29fc5635805756715ca5718bc255d9acc75f9007efd242af90b2d814443","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d1ba0d935b0c2e0efc76cf0976f855d72a507f4bb1fb123375263633d6875be","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}},{"block":null,"heading":"Receivables","paragraphs":[{"citation":"910-10-50-4","para":"50-4","html":"
Paragraph superseded by Accounting Standards Update No. 2014-09.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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Both of the following shall be disclosed for receivable amounts maturing after one year:
  1. a
    The amount maturing after one year and, if practicable, the amounts maturing in each year
  2. b
    Interest rates on major receivable items, or on classes of receivables, maturing after one year or an indication of the average interest rate or the range of rates on all receivables.
","snippet":"Both of the following shall be disclosed for receivable amounts maturing after one year:\n(a) The amount maturing after one year and, if practicable, the amounts maturing in each year\n(b) Interest rates on major receivabl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d546d54b8ec40767b2c3244efebbc19a762ecb8c34549d2b1764587de1f716d","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}},{"citation":"910-10-50-7","para":"50-7","html":"
If receivables include amounts representing balances billed but not paid by customers under contract retainage provisions, a contractor shall disclose, either in the balance sheet or in a note to financial statements, all of the following:
  1. a
    The amounts
  2. b
    The portion, if any, expected to be collected after one year
  3. c
    If practicable, the years in which the amounts are expected to be collected.
","snippet":"If receivables include amounts representing balances billed but not paid by customers under contract retainage provisions, a contractor shall disclose, either in the balance sheet or in a note to financial statements, al…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea156be99f3013df8f9a79c4d2a0479bc9687462a6a8b0fcb958617ebe2c69db","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7bfdf3fa3409b34c31703a83e8266481c2bb2795441e2e3b08bd85f0371db8c","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9815320b43a474e9b87f5a0df05d90e4e33ed0d8574a858aa0096d9f83ba52f1","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9815320b43a474e9b87f5a0df05d90e4e33ed0d8574a858aa0096d9f83ba52f1","downloaded_from":"2026-09-10T02:09:23.569Z","last_downloaded_at":"2026-09-10T02:09:23.569Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482546","source_sha256":"c0be90aeeeb0dd87d7ed78059e937560447432b84e06c33b2b9c1ebbdfaf9e97"}}