{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/960/#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":"325-960","subtopic_title":"Plan Accounting—Defined Benefit Pension Plans","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-960-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1B796A73-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accrual basis requires that purchases (and sales) of securities be recorded on a trade-date basis. </span></span><span class=\"sfragment\" id=\"sfr_1B796C6C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">However, if the settlement date is after the <a href=\"/glossary/r/#reporting-date\" class=\"term\" title=\"The date as of which information regarding the net assets available for benefits is presented.\"><span>reporting date</span></a>, accounting on a settlement-date basis is acceptable if both of the following conditions exist: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1B796E5C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fair value of securities purchased (or sold) just before the reporting date does not change significantly from the trade date to the reporting date. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1B797000-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The purchases (or sales) do not significantly affect the composition of the plan's assets available for <a href=\"/glossary/b/#benefits\" class=\"term\" title=\"The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.\"><span>benefits</span></a>. </span></span></div></li></ol></div></div>","snippet":"The accrual basis requires that purchases (and sales) of securities be recorded on a trade-date basis. However, if the settlement date is after the reporting date, accounting on a settlement-date basis is acceptable if b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c41ca1eadd1c81de1e98159d976e3dea63fb5956d12f77cfe960840d1ba1dcac","downloaded_from":"2026-09-09T23:47:55.284Z","last_downloaded_at":"2026-09-09T23:47:55.284Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478125","source_sha256":"7c3f1faedb396708a244a3b9acc73709e3ae2703e373e072615e56413bbb3041"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e10d2bcfbe19b71c1ade06b0a60e5282e4e11a233fa8d649aca4b81b5cc8eb8d","downloaded_from":"2026-09-09T23:47:55.284Z","last_downloaded_at":"2026-09-09T23:47:55.284Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478125","source_sha256":"7c3f1faedb396708a244a3b9acc73709e3ae2703e373e072615e56413bbb3041"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9575143bcd5fa8602001c131ec41a6f700a237eec16854055dfdda46ffc7432","downloaded_from":"2026-09-09T23:47:55.284Z","last_downloaded_at":"2026-09-09T23:47:55.284Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478125","source_sha256":"7c3f1faedb396708a244a3b9acc73709e3ae2703e373e072615e56413bbb3041"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9575143bcd5fa8602001c131ec41a6f700a237eec16854055dfdda46ffc7432","downloaded_from":"2026-09-09T23:47:55.284Z","last_downloaded_at":"2026-09-09T23:47:55.284Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478125","source_sha256":"7c3f1faedb396708a244a3b9acc73709e3ae2703e373e072615e56413bbb3041"}}