Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Topic 845
- Version
- Codification content as verified 2026-09-10
- Where it applies
- United States GAAP
- Entities covered
- Entities applying US GAAP; bounded here to tangible-asset exchange and nonreciprocal-transfer routing with supplied facts
- Last source check recorded
- Sep 10, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Inspect the source: FASB Accounting Standards Codification Topic 845, Nonmonetary Transactions
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (2)
Instructional scope
The transaction map identifies the assets and parties, tests whether the event is reciprocal, applies Topic 845 scope and exceptions, and records any monetary consideration. A scoped exchange then separates commercial substance, fair-value support, acquired-asset measurement, surrendered-asset derecognition, and gain or loss recognition.
A nonreciprocal transfer remains a routing problem until entity type, relationship, restrictions, recognition date, value evidence, and corresponding credit are supported. The bounded lesson does not turn the Topic 845 general principle into one rule for every contributed asset.
Stop conditions
Pause when the transaction's scope, reciprocity, continuing involvement, commercial substance, fair values, monetary consideration, transferor relationship, or restrictions are missing. A dealer allowance or a supplied value does not cure those gaps.