{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/40/#60-relationships","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":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Revenue from Contracts with Customers","paragraphs":[{"citation":"340-40-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_68823FDA-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on <a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>revenue</span></a> from <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contracts</span></a> with <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customers</span></a>, see Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a>.</span></span></div></div>","snippet":"For guidance on revenue from contracts with customers, see Topic 606.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2debbb1426ba1348147a371f0ff7cf70cc8c82ec263e98eafb6b175de7459917","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:118b4ceb16af3538f48e215a99da23b6bef7299af1ed64646a32670b5f2f718f","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}},{"block":null,"heading":"Financial Services—Insurance","paragraphs":[{"citation":"340-40-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_68824133-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance regarding direct response advertising costs, see Subtopic <a altsource=\"GUID-FF5ECAE8-5C8C-4E07-B8E0-96D5CBD7671B.ditamap\" class=\"ditamap\">944-30</a>.</span></span></div></div>","snippet":"For guidance regarding direct response advertising costs, see Subtopic 944-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0947062cae24a373e4956c7c7dedce99bd101d5c197e64fed8a7b387f5206a6","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff91a7bded0ea6bbdcc6fe90291bf493a7947fb08c5c4e256d1d4c1b7b9f2482","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:147ff7a2e27fdea4048aa8658543e4d9ef6e59e1f1fa08843feda0312e2008d5","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:147ff7a2e27fdea4048aa8658543e4d9ef6e59e1f1fa08843feda0312e2008d5","downloaded_from":"2026-09-09T23:56:31.935Z","last_downloaded_at":"2026-09-09T23:56:31.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479422","source_sha256":"5cec8c81bd4cb9d893a6c1bf63ce937385ef7741ea8dc4b89f6c52034604f02d"}}