{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/40/#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":"325","topic_title":"Investments—Other","subtopic":"325-40","subtopic_title":"Beneficial Interests in Securitized Financial Assets","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-40-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_B4EF9723-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The carrying amount of the <a href=\"/glossary/b/#beneficial-interests\" class=\"term\" title=\"Rights to receive all or portions of specified cash inflows received by a trust or other entity, including, but not limited to, all of the following: Senior and subordinated shares of interest, principal, or other cash inflows to be passed-through or paid-through Premiums due to guarantors Commercial paper obligations Residual interests, whether in the form of debt or equity.\"><span>beneficial interest</span></a> used for purposes of measuring interest income shall be adjusted based on the application of the accounting model described in this Subtopic. </span></span></div></div>","snippet":"The carrying amount of the beneficial interest used for purposes of measuring interest income shall be adjusted based on the application of the accounting model described in this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3b5fcbcb9438957e416ca703f6bf31fd0ba3b12a5b96075fd668b8a7149d8bc","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}},{"citation":"325-40-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_B4EF9A88-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The difference between the carrying amount and the fair value of a beneficial interest classified as a trading debt security shall be recorded through earnings as a gain or a loss. </span></span></div></div>","snippet":"The difference between the carrying amount and the fair value of a beneficial interest classified as a trading debt security shall be recorded through earnings as a gain or a loss.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49e7a0be0c995b90f145ea5977b4b94bf9b57195e5c4609f865b38e29b660dc0","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}},{"citation":"325-40-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_B4EF9B8D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/325/40/#325-40-35-1\" class=\"xref\">325-40-35-1</a> addresses how the holder shall recognize </span></span><span class=\"sfragment\" id=\"sfr_B4EF9C88-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">accretable yield. </span></span></div></div>","snippet":"Paragraph 325-40-35-1 addresses how the holder shall recognize accretable yield.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7dc6c2a49b07969248f709b2dd7a37ce07849402914526b2ddbbaa51f88a1ee3","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:438ebd0bd37571e8619394d254b1e713c37d1d11a98014002e125a4f9f079d6e","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:169cff9af67a4a2486f25e65e97f9a20e343cedef38709775f7eabd4d32b82bf","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:169cff9af67a4a2486f25e65e97f9a20e343cedef38709775f7eabd4d32b82bf","downloaded_from":"2026-09-09T23:44:39.151Z","last_downloaded_at":"2026-09-09T23:44:39.151Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481487","source_sha256":"8767fb694f6a22ae9c1405fb106c3047e471426c4dfe22cd3d644398fd66f20f"}}