What is the specific eight-digit Codification citation (XXX-XX-XX-X) that describes the information about loans and trade receivables that is to be disclosed in the summary of significant accounting policies?

FASB ACS 310-10-50-2: “Receivables—Overall—Disclosure—Accounting Policies for Loans and Trade Receivables.

Explanation:

For the purposes of establishing standard frame of referencing for for items such as articles, textbooks, and other similar items, the FASB uses an 8 digit codification cititation format that works in the following way.

i. Topics — FASB ASC 310 to access the Receivables Topic

ii. Subtopics — FASB ASC 310-10 to access the Overall Subtopic of Topic 310

iii. Sections — FASB ASC 310-10-15 to access the Scope Section of Subtopic 310-10

iv. Paragraph — FASB ASC 310-10-15-2 to access paragraph 2 of Section 310-10-15"

The specific eight-digit Codification citation that describes the information about loans and trade receivables that is to be disclosed in the summary of significant accounting policies is,

FASB ACS 310-10-50-2: “Receivables—Overall—Disclosure—Accounting Policies for Loans and Trade Receivables.

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