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ASC 710 — Compensation — General

Below is an overview of FASB Accounting Standards Codification Topic 710, Compensation — General, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.


ASC 710-10 notes that it "provides guidance on general compensation-related matters" that are not included within the other compensation Topics:

    • 712 Compensation — Nonretirement Postemployment Benefits.
    • 715 Compensation — Retirement Benefits.
    • 718 Compensation — Stock Compensation.

This Topic specifically covers compensated absences, deferred compensation arrangements, lump-sum payments under union contracts, and rabbi trusts.

The full text of ASC 710 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

No ASUs amended the guidance in this Topic.


Proposed FASB Accounting Standards Updates

No current proposed ASUs on Topic 710.

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.