Disclosure Examples

If you are searching for a place that can be used as a good starting point for preparing your FASB Accounting Standards Codification Fair Value Measurements and Disclosures (ASC 820), formerly FAS 157, reporting, the Financial Accounting Standards Board (FASB) website at www.fasb.org has excellent ASC 820 templates and sample disclosures that are located in Appendix A of ASC 820 (paragraphs A34, A35 and A36). You can also utilize the web by searching for key words such as “10-Q” or “In accordance with ASC 820.” Examples of footnote disclosures are provided below.

As an alternative, you should also consider using ASC 820 reporting services provided by DerivActiv. DerivActiv is an independent company that provides derivative portfolio valuations, ASC 820 accounting services, and hedge accounting services. Our expertise covers a wide variety of financial instruments, including Derivatives, Mortgage-Backed Securities, Distressed Securities, Auction Rate Securities, Asset-Backed Securities, Pass-Throughs, Side Pocket Transactions, Mezzanine Debt, Convertibles, Collateralized Mortgage Obligations (CMOs), Cash and Synthetic Collateralized Debt Obligations (CDO) & CDO² Tranches, Structured Investment Vehicles, Credit Linked Notes, Exotic Over the Counter (OTC) Options, and Complex and Illiquid Securities.

To learn more about how DerivActiv professionals can help your organization with ASC 820 compliance, call 866-200-9012. Contact us to request a free demonstration.

ASC 820 adds an additional layer of complexity unique to each entity that utilizes derivatives. DerivActiv has developed proprietary models to comply with ASC 820 and we are currently applying this methodology to many of our clients’ derivatives and investment assets on a periodic basis.

Examples of Required ASC 820 Footnote Disclosure

1. Assets measured at fair value on a recurring basis (amounts in thousands). Adapted from ASC 820.

1. Assets measured at fair value on a recurring basis (amounts in thousands). Adapted from ASC 820.

ASC 820 adds an additional layer of complexity unique to each entity that utilizes derivatives. DerivActiv has developed proprietary models to comply with ASC 820 and we are currently applying this methodology to many of our clients’ derivatives and investment assets on a periodic basis.

3. Assets measured at fair value on a nonrecurring basis (amounts in thousands). Adapted from ASC 820.