Search within this section
Select a section below and enter your search term, or to search all click Financial statement presentation
Favorited Content
Disclosure requirement for each class of asset and liability |
ASC reference |
Related information |
The fair value measurement at the end of the reporting period
For nonrecurring fair value measurements, the fair value measurement at the relevant measurement date and the reasons for the measurement
|
820-10-50-2(a)
|
For nonrecurring measurements at a date other than the end of the reporting period, the reporting entity should state the date of the measurement.
|
For both recurring and nonrecurring measurements, the total fair value in each level of the fair value hierarchy
(Not applicable to investments measured at NAV as a practical expedient, but applicable to investments measured at NAV – see FSP 20.5)
|
820-10-50-2(b)
|
For public business entities, ASC 820-10-50-2E indicates that this disclosure is also applicable to assets and liabilities for which fair value is only disclosed.
For further discussion of the disclosure requirements, see FSP 20.3.1.1.
|
For recurring Level 3 fair value measurements, a rollforward of the beginning and ending balances (“the Level 3 rollforward”), separating:
|
820-10-50-2(c)
|
For further discussion, see FSP 20.3.1.2.
Nonpublic entities are not required to do a full Level 3 rollforward. See FSP 20.7.
|
For recurring Level 3 fair value measurements:
|
820-10-50-2(d)
|
The amount disclosed as the unrealized gain/loss relating to assets and liabilities held at the end of the reporting period should be consistent with (1) the reporting entity’s policy for the timing of transfers of securities into and out of Level 3 (e.g., beginning of the period or end of the period) and (2) the amount of total gains and losses included in the Level 3 rollforward table for that period. This is because the unrealized gain/loss should only be included for the period in which the instrument was Level 3. This is illustrated in Example 20-1.
|
For recurring and nonrecurring fair value measurements of nonfinancial assets, the highest and best use of a nonfinancial asset when it differs from its current use, and why
|
820-10-50-2(h)
|
ASC 820-10-50-2E indicates that the disclosure is also applicable to assets and liabilities for which fair value is only disclosed.
|
1/1/20X8 |
$100 |
|
Unrealized loss |
$(5) |
|
3/31/20X8 |
$95 |
|
Unrealized loss |
$(10) |
|
6/30/20X8 |
$85 |
Level 3 rollforward |
3 months ended 6/30/20X8 |
6 months ended 6/30/20X8 |
Beginning balance |
$0 |
$0 |
Transfer in |
$95 |
$95 |
Unrealized loss |
$(10) |
$(10) |
Ending balance |
$85 |
$85 |
Amount of unrealized loss for the period included in income relating to assets held at the end of the reporting period |
$(10) |
$(10) |
Level 3 rollforward |
3 months ended 6/30/20X8 |
6 months ended 6/30/20X8 |
Beginning balance |
$95 |
$100 |
Transfer out |
$(95) |
$(95) |
Unrealized loss |
$(0) |
$(5) |
Ending balance |
$0 |
$0 |
Amount of unrealized loss for the period included in income relating to assets held at the end of the reporting period |
$(0) |
$(5) |
Disclosure requirement for each class of asset and liability |
ASC reference |
Related information |
For recurring and nonrecurring Level 2 and Level 3 fair value measurements, a description of the valuation technique(s) and the significant unobservable inputs used in measurement
If the reporting entity has changed its valuation approach or valuation technique, the change and the reason for making it
(For further discussion, see FSP 20.3.2.1.)
|
820-10-50-2(bbb)(1) |
This does not apply to instruments for which fair value is only disclosed.
|
For Level 3 fair value measurements, quantitative information about all significant unobservable inputs used in the fair value measurement (the “table of significant unobservable inputs”)
Upon adoption of ASU 2018-13, the range and weighted average of the inputs disclosed
|
820-10-50-2(bbb)(2) |
This does not apply to Level 3 instruments measured at fair value under the fair value option or assets and liabilities for which fair value is only disclosed.
For further discussion, see FSP 20.3.2.2 through FSP 20.3.2.3.
|
For recurring Level 3 fair value measurements, a narrative description of the uncertainty of the fair value measurement at the reporting date from use of the significant unobservable inputs if a change in those inputs to a different amount might result in a significantly higher or lower fair value measurement |
820-10-50-2(g) |
If there are interrelationships between those inputs and other significant unobservable inputs used in the fair value measurement, also provide a description of those interrelationships and how they might magnify or mitigate the effect of changes in unobservable inputs (i.e., the ones disclosed) on the fair value measurement.
For further discussion, see FSP 20.3.2.4.
|
Excerpt from ASC 820-10-50-2(bbb)(2)(i)
Disclosure requirement |
Related information |
Information that identifies group concentrations
|
Shared activity, region, or economic characteristic
|
Maximum amount of loss due to credit risk
|
Amount the reporting entity would incur if counterparties failed based on the gross fair value of the financial instrument, and assuming the collateral proved to be of no value to the reporting entity
|
Collateral
|
|
Master netting arrangements
|
|
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Select a section below and enter your search term, or to search all click Financial statement presentation