{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/40/#50-disclosure","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":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-40","subtopic_title":"Contracts with Customers","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Assets Recognized from the Costs to Obtain or Fulfill a Contract with a Customer","paragraphs":[{"citation":"340-40-50-1","para":"50-1","html":"
Consistent with the overall disclosure objective in paragraph 606-10-50-1 and the guidance in paragraphs
606-10-50-2 through 50-3
, an entity shall provide the following disclosures of assets recognized from the costs to obtain or fulfill a contract with a customer in accordance with paragraphs 340-40-25-1 or 340-40-25-5.
","snippet":"Consistent with the overall disclosure objective in paragraph 606-10-50-1 and the guidance in paragraphs 606-10-50-2 through 50-3, an entity shall provide the following disclosures of assets recognized from the costs to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57f46d2a46c55eba07f078de1ac7178a7211be8dc837d5d6087019f95139a51b","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},{"citation":"340-40-50-2","para":"50-2","html":"
An entity shall describe both of the following:
  1. a
    The judgments made in determining the amount of the costs incurred to obtain or fulfill a contract with a customer (in accordance with paragraph 340-40-25-1 or 340-40-25-5)
  2. b
    The method it uses to determine the amortization for each reporting period.
","snippet":"An entity shall describe both of the following:\n(a) The judgments made in determining the amount of the costs incurred to obtain or fulfill a contract with a customer (in accordance with paragraph 340-40-25-1 or 340-40-2…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b8c22aa22f04b69126f48360f3d120ff4fc78bc008f705b916af32433467180","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},{"citation":"340-40-50-3","para":"50-3","html":"
An entity shall disclose all of the following:
  1. a
    The closing balances of assets recognized from the costs incurred to obtain or fulfill a contract with a customer (in accordance with paragraph 340-40-25-1 or 340-40-25-5), by main category of asset (for example, costs to obtain contracts with customers, precontract costs, and setup costs)
  2. b
    The amount of amortization and any impairment losses recognized in the reporting period.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall disclose all of the following:
  1. a
    The closing balances of assets recognized from the costs incurred to obtain or fulfill a contract with a customer (in accordance with paragraph 340-40-25-1 or 340-40-25-5), by main category of asset (for example, costs to obtain contracts with customers, precontract costs, and setup costs)
  2. b
    The amount of amortization and any impairment losses recognized in the reporting period.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"An entity shall disclose all of the following:\n(a) The closing balances of assets recognized from the costs incurred to obtain or fulfill a contract with a customer (in accordance with paragraph 340-40-25-1 or 340-40-25-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3f465cca9ffc8a08b56c52f1cc4f5eb0c42ce290fe001905b711b45f9ce923e","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},{"citation":"340-40-50-4","para":"50-4","html":"
An entity, except for a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the Securities and Exchange Commission, may elect not to provide the disclosures in paragraphs
340-40-50-2 through 50-3
.
","snippet":"An entity, except for a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10d93c9da35ada169f7362d116f46c11f48a0a22ab8391be0470c3394938e0c3","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2448ca040a7dbeb5f62357771dc095b460ec6911c2b656b3634edc0bb83d1db5","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},{"block":null,"heading":"Practical Expedients","paragraphs":[{"citation":"340-40-50-5","para":"50-5","html":"
If an entity elects to use the practical expedient in paragraph 340-40-25-4 on the incremental costs of obtaining a contract, the entity shall disclose that fact.
","snippet":"If an entity elects to use the practical expedient in paragraph 340-40-25-4 on the incremental costs of obtaining a contract, the entity shall disclose that fact.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1e5e9f91df3caaa56bfdfea23f177ba03ffc25a4718a79990d2eef1da4b48f7","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},{"citation":"340-40-50-6","para":"50-6","html":"
An entity, except for a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the Securities and Exchange Commission, may elect not to provide the disclosure in paragraph 340-40-50-5.
","snippet":"An entity, except for a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b44ddac9541cf657185c1f41726396baec480583f2e0b31701e484b8ebb9054","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:373240ebe1982141ccd72d28eac68893df6d9190d36ed2390bc736fc91a72bbc","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa268ef1ee847b5c6236782d6edc12915ef1a154173d4452400da523fc91f1de","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa268ef1ee847b5c6236782d6edc12915ef1a154173d4452400da523fc91f1de","downloaded_from":"2026-09-09T23:56:25.596Z","last_downloaded_at":"2026-09-09T23:56:25.596Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479483","source_sha256":"6b97136051aee9a7a7e95f7f94f19e49d16c9aca6e7b1a9b1fb193460a79e680"}}