{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/940/20/#45-other-presentation-matters","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":"940","topic_title":"Financial Services—Brokers and Dealers","subtopic":"940-20","subtopic_title":"Broker-Dealer Activities","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Statement of Financial Condition Classification","paragraphs":[{"citation":"940-20-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED3E2E45-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Current and noncurrent classifications (see Subtopic <a altsource=\"GUID-C95F3AAD-0ADF-44B8-9DED-10C7B2DA8361.ditamap\" class=\"ditamap\">210-10</a>) are ordinarily not presented in the statement of financial condition because such a distinction normally has little meaning for brokers and dealers. </span></span></div></div>","snippet":"Current and noncurrent classifications (see Subtopic 210-10) are ordinarily not presented in the statement of financial condition because such a distinction normally has little meaning for brokers and dealers.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0617b807032d4cdac21fb84776794db75fe4c983e173e9322c61cfc10a315059","downloaded_from":"2026-09-10T02:13:51.965Z","last_downloaded_at":"2026-09-10T02:13:51.965Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481833","source_sha256":"2585d778f72ce8a74fb010d6f9d5a8a88e006e6e622a6fcd3788def582371e7f"}},{"citation":"940-20-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED3E2F92-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The broker-dealer's share (assuming such share is not merely contingent) in underwriting or joint accounts with other broker-dealers for issued securities shall be included with its trading accounts. </span></span></div></div>","snippet":"The broker-dealer's share (assuming such share is not merely contingent) in underwriting or joint accounts with other broker-dealers for issued securities shall be included with its trading accounts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2873d1ed089140ad3ffe33d2e7d3a916596c26237f98bbec6aa4e0b055dba81e","downloaded_from":"2026-09-10T02:13:51.965Z","last_downloaded_at":"2026-09-10T02:13:51.965Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481833","source_sha256":"2585d778f72ce8a74fb010d6f9d5a8a88e006e6e622a6fcd3788def582371e7f"}},{"citation":"940-20-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED3E30AA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Payables and receivables arising from unsettled regular-way transactions may be recorded net in an account titled net receivable (or payable) for unsettled <a href=\"/glossary/r/#regular-way-trades\" class=\"term\" title=\"Regular-way trades include both of the following: All transactions in exchange-traded financial instruments that are expected to settle within the standard settlement cycle of that exchange (for example, three days for U.S. exchanges) All transactions in cash-market-traded financial instruments that are expected to settle within the time frame prevalent or traditional for each specific instrument (for example, for U.S. government securities, one or two days).\"><span>regular-way trades</span></a>. </span></span></div></div>","snippet":"Payables and receivables arising from unsettled regular-way transactions may be recorded net in an account titled net receivable (or payable) for unsettled regular-way trades.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95a1190ce04e1e4f58fb3f7c1d41aedcfd9a2ea11ddad8a4437e5e6e94679d3c","downloaded_from":"2026-09-10T02:13:51.965Z","last_downloaded_at":"2026-09-10T02:13:51.965Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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