{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/962/#25-recognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"310","topic_title":"Receivables","subtopic":"310-962","subtopic_title":"Plan Accounting—Defined Contribution Pension Plans","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Employer Contributions","paragraphs":[{"citation":"310-962-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1DAB6712-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/c/#contributions-receivable\" class=\"term\" title=\"Contributions receivable are the amounts due, as of the date of the financial statements, to the plan from employers, participants, and other sources of funding (for example, state subsidies or federal grants). They include amounts due pursuant to firm commitments, as well as legal or contractual requirements.\"><span>Contributions receivable</span></a> include those pursuant to formal commitments as well as legal or contractual requirements. With respect to an employer's contributions, evidence of a formal commitment may include any of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1DAB68BE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A resolution by the employer's governing body approving a specified contribution </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1DAB6A17-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A consistent pattern of making payments after the plan's year-end pursuant to an established contribution policy that attributes such subsequent payments to the preceding plan year </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1DAB6B61-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A deduction of a contribution for federal tax purposes for periods ending on or before the financial statement date </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1DAB6C9D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The employer's recognition as of the financial statement date of a contribution payable to the plan. </span></span><span class=\"sfragment\" id=\"sfr_1DAB6DBE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> The existence of an accrued contribution payable in the employer's financial statements does not, by itself, provide sufficient support for recognition of a contribution receivable by the plan. </span></span></div></li></ol></div></div>","snippet":"Contributions receivable include those pursuant to formal commitments as well as legal or contractual requirements. With respect to an employer's contributions, evidence of a formal commitment may include any of the foll…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f779e3b94370cd195a54af0f02aea806d348c6bc5a619a1d631669d950c6050","downloaded_from":"2026-09-09T23:33:01.571Z","last_downloaded_at":"2026-09-09T23:33:01.571Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478068","source_sha256":"12bc476500691b981bd9d06e5febd6d407bacaccc04f9db3f5c9a320d63b63e5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5cfc3fa01e832ed597fa21562dca6b477b6ff13952921654477d690a648fddd","downloaded_from":"2026-09-09T23:33:01.571Z","last_downloaded_at":"2026-09-09T23:33:01.571Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478068","source_sha256":"12bc476500691b981bd9d06e5febd6d407bacaccc04f9db3f5c9a320d63b63e5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4644afed49f285d0a9a78b3f29663df1c9a3ca4b2e46debb8ab3f87f83aba179","downloaded_from":"2026-09-09T23:33:01.571Z","last_downloaded_at":"2026-09-09T23:33:01.571Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478068","source_sha256":"12bc476500691b981bd9d06e5febd6d407bacaccc04f9db3f5c9a320d63b63e5"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4644afed49f285d0a9a78b3f29663df1c9a3ca4b2e46debb8ab3f87f83aba179","downloaded_from":"2026-09-09T23:33:01.571Z","last_downloaded_at":"2026-09-09T23:33:01.571Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478068","source_sha256":"12bc476500691b981bd9d06e5febd6d407bacaccc04f9db3f5c9a320d63b63e5"}}