{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/946/10/#05-overview-and-background","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":"946","topic_title":"Financial Services—Investment Companies","subtopic":"946-10","subtopic_title":"Overall","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"946-10-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Financial Services—Investment Companies Topic includes the following Subtopics:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Overall</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Investment Company Activities</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">Presentation of Financial Statements</div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\">Balance Sheet</div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\">Income Statement</div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\">Statement of Cash Flows</div></li><li class=\"li-norm\"><span class=\"linum\">g</span><div class=\"p\">Notes to Financial Statements</div></li><li class=\"li-norm\"><span class=\"linum\">h</span><div class=\"p\">Cash and Cash Equivalents</div></li><li class=\"li-norm\"><span class=\"linum\">i</span><div class=\"p\">Receivables</div></li><li class=\"li-norm\"><span class=\"linum\">j</span><div class=\"p\">Investments—Debt and Equity Securities</div></li><li class=\"li-norm\"><span class=\"linum\">k</span><div class=\"p\">Investments—Equity Method and Joint Ventures</div></li><li class=\"li-norm\"><span class=\"linum\">kk</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_0C47EAFF-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Investments—Other</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">l</span><div class=\"p\">Liabilities</div></li><li class=\"li-norm\"><span class=\"linum\">m</span><div class=\"p\">Equity</div></li><li class=\"li-norm\"><span class=\"linum\">n</span><div class=\"p\">Revenue Recognition</div></li><li class=\"li-norm\"><span class=\"linum\">o</span><div class=\"p\">Income Taxes</div></li><li class=\"li-norm\"><span class=\"linum\">p</span><div class=\"p\">Consolidation</div></li><li class=\"li-norm\"><span class=\"linum\">q</span><div class=\"p\">Foreign Currency Matters.</div></li></ol></div></div>","snippet":"The Financial Services—Investment Companies Topic includes the following Subtopics:\n(a) Overall\n(b) Investment Company Activities\n(c) Presentation of Financial Statements\n(d) Balance Sheet\n(e) Income Statement\n(f) Statem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc08335842acce0add80b5a3ae5fbc18a7d2d33d0f990017e5962e8e38185f53","downloaded_from":"2026-09-10T02:18:47.675Z","last_downloaded_at":"2026-09-10T02:18:47.675Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480541","source_sha256":"5c47412c8f78ae3d75356cc6d021ba32aee5c2ec342a62549126578f9f55f236"}},{"citation":"946-10-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/asc/946/10/#946-10-05-2\" class=\"xref\">Paragraphs 946-10-05-2 through 05-6 superseded by Accounting Standards Update No. 2013-08</a>.</div></div>","snippet":"Paragraphs 946-10-05-2 through 05-6 superseded by Accounting Standards Update No. 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