{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/962/#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":"325","topic_title":"Investments—Other","subtopic":"325-962","subtopic_title":"Plan Accounting—Defined Contribution Pension Plans","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-962-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1E32161D-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. However, if the settlement date is after the financial statement date, 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_1E321725-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fair value of securities purchased or sold immediately before the financial statement date does not change significantly from the trade date to the financial statement date.</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1E3217FA-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 benefits.</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 financial statement date, accounting on a settlement-date basis is accepta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5ff17c9b26401b99b4c42d7c061e641c643af60555d81bb033e3307747555ca","downloaded_from":"2026-09-09T23:48:22.287Z","last_downloaded_at":"2026-09-09T23:48:22.287Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478050","source_sha256":"30f3048ab2b5271ece443d7590f745515939946fcfb0625e815934be9b430d79"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c2912f36957e6779aef9a35fe465eac9b2f2dc9d36ffcdc612a83deb46f605b","downloaded_from":"2026-09-09T23:48:22.287Z","last_downloaded_at":"2026-09-09T23:48:22.287Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478050","source_sha256":"30f3048ab2b5271ece443d7590f745515939946fcfb0625e815934be9b430d79"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c0979667ba631fc20e522c5c2065d09511a03572bb72a86a3bdc5b81428bfd3","downloaded_from":"2026-09-09T23:48:22.287Z","last_downloaded_at":"2026-09-09T23:48:22.287Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478050","source_sha256":"30f3048ab2b5271ece443d7590f745515939946fcfb0625e815934be9b430d79"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c0979667ba631fc20e522c5c2065d09511a03572bb72a86a3bdc5b81428bfd3","downloaded_from":"2026-09-09T23:48:22.287Z","last_downloaded_at":"2026-09-09T23:48:22.287Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478050","source_sha256":"30f3048ab2b5271ece443d7590f745515939946fcfb0625e815934be9b430d79"}}