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ASC 845 — Nonmonetary Transactions

Below is an overview of FASB Accounting Standards Codification Topic 845, Nonmonetary Transactions, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.


ASC 845-10 notes the following:


Most business transactions involve exchanges of cash or other monetary assets or liabilities for goods or services. The amount of monetary assets or liabilities exchanged generally provides an objective basis for measuring the cost of nonmonetary assets or services received by an entity as well as for measuring gain or loss on nonmonetary assets transferred from an entity. Some transactions, however, involve either of the following:

  1. An exchange with another entity (reciprocal transfer) that involves principally nonmonetary assets or liabilities
  2. A transfer of nonmonetary assets for which no assets are received or relinquished in exchange (nonreciprocal transfer).

Both exchanges and nonreciprocal transfers that involve little or no monetary assets or liabilities are referred to as nonmonetary transactions.

Guidance is provided for three identified categories of nonmonetary transactions: nonreciprocal transfers with owners, nonreciprocal transfers with other than owners, and nonmonetary exchanges.

The full text of ASC 845 can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in the Deloitte Accounting Research Tool (DART) Web site (subscription required).

Content from the FASB Accounting Standards Codification® included at is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

FASB Accounting Standards Updates

    The following ASUs amended the guidance in this Topic:

    Proposed FASB Accounting Standards Updates

      No current proposed ASUs on Topic 845.

      Correction list for hyphenation

      These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.