{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/978/#05-overview-and-background","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":"340-978","subtopic_title":"Real Estate—Time-Sharing Activities","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"340-978-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses real estate <a href=\"/glossary/t/#time-sharing\" class=\"term\" title=\"An arrangement in which a seller sells or conveys the right to occupy a dwelling unit for specified periods in the future. Forms of time-sharing arrangements include but are not limited to fixed and floating time, interval ownership, undivided interests, points programs, vacation clubs, right-to-use arrangements such as tenancy-for-years arrangements, and arrangements involving special-purpose entities. In this context, an undivided interest is a time-sharing arrangement that involves a tenant-in-common interest in a condominium unit or entire improved property, and in which the interest holder is assigned a specific period (generally, a specific week). The interest holder is also assigned a specific unit if the undivided interest is in the entire improved property.\"><span>time-sharing</span></a> deferred cost recognition issues.</div></div>","snippet":"This Subtopic addresses real estate time-sharing deferred cost recognition issues.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a15d5480ca4daf29c1c4edad18254994ad81f78f4b0064ef56997865ba10b27c","downloaded_from":"2026-09-09T23:59:22.917Z","last_downloaded_at":"2026-09-09T23:59:22.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477306","source_sha256":"a73130df4b7129a4c979fc49da8a98efc7eb6a6e61b103a6f76abb5cb5d5c229"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:908a2d6ef10536e997a4e13abf5255c17d150431c1f3b4db957c89b2c9056c67","downloaded_from":"2026-09-09T23:59:22.917Z","last_downloaded_at":"2026-09-09T23:59:22.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477306","source_sha256":"a73130df4b7129a4c979fc49da8a98efc7eb6a6e61b103a6f76abb5cb5d5c229"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1308e8125aafde15fa72ed34b41990c95d44f8418596e00169d21eba5d0ee57","downloaded_from":"2026-09-09T23:59:22.917Z","last_downloaded_at":"2026-09-09T23:59:22.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477306","source_sha256":"a73130df4b7129a4c979fc49da8a98efc7eb6a6e61b103a6f76abb5cb5d5c229"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1308e8125aafde15fa72ed34b41990c95d44f8418596e00169d21eba5d0ee57","downloaded_from":"2026-09-09T23:59:22.917Z","last_downloaded_at":"2026-09-09T23:59:22.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477306","source_sha256":"a73130df4b7129a4c979fc49da8a98efc7eb6a6e61b103a6f76abb5cb5d5c229"}}