ASC 820 includes extensive disclosure requirements that apply to both recurring and nonrecurring fair value measurements. These disclosures are discussed within ASC 820-10-50. The objective of the disclosures is to help users of the financial statements assess (1) the valuation techniques and inputs used in measuring assets and liabilities at fair value on the balance sheet on a recurring and nonrecurring basis and (2) the effect of recurring fair value measurements determined using significant unobservable inputs (i.e., Level 3 measurements) on earnings or other comprehensive income for the reporting period. Various factors must be considered in order to meet those objectives, including the necessary amount and detail of information, what emphasis must be placed on the different disclosure requirements and the appropriate level of aggregation necessary for the disclosures. See further discussion within FSP 20.