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FASB Accounting Standards Codification Topic 860, Transfers and Servicing

Authoritative US GAAP starting point for whether a transfer of financial assets is a sale or secured borrowing and for related recognition, measurement, servicing, and disclosure.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Topic 860 as accessed 2026-08-07
Relevant parts
Topic 860, Transfers and Servicing; especially Subtopic 860-20
Currency
current · checked Aug 7, 2026

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Transfer accounting begins with the transferred financial assets and the control conditions, not with the journal entry management prefers. A sale conclusion changes derecognition and gain/loss questions; a failed sale remains a secured borrowing. Continuing involvement, recourse, servicing, retained interests, restrictions, and disclosure remain visible in either analysis.