{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/920/#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":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-920","subtopic_title":"Entertainment—Broadcasters","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"License Agreements for Program Material","paragraphs":[{"citation":"350-920-50-1","para":"50-1","html":"
An entity shall disclose its methods of accounting for the rights acquired under a license agreement, including, but not limited to, the following methods:
  1. a
    The method or method(s) used in computing amortization
  2. b
    For impairment, a description of the unit(s) of account used for impairment testing and the method(s) used for determining fair value.
","snippet":"An entity shall disclose its methods of accounting for the rights acquired under a license agreement, including, but not limited to, the following methods:\n(a) The method or method(s) used in computing amortization\n(b) F…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c1c3ead1a29a0cd2d4574c2235e83facf922f20da3ae29626912baf0b8726f2","downloaded_from":"2026-09-10T00:04:08.809Z","last_downloaded_at":"2026-09-10T00:04:08.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478609","source_sha256":"249179faeca45ba9ecbc10896e5697181b1377d8cfe7236dc62b6b4813c99cd1"}},{"citation":"350-920-50-2","para":"50-2","html":"
The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial performance is presented:
  1. a
    The aggregate amortization expense for the period
  2. b
    The caption in the income statement where the amortization is recorded.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial performance is presented:
  1. a
    The aggregate amortization expense for the period
  2. b
    The caption in the income statement where the amortization is recorded.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial performance is presented:\n(a) The aggregate amortization ex…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44e1a040f6dd1ef85f050284bdb0945289cdb7eb850c4262f2b7aa1052d99deb","downloaded_from":"2026-09-10T00:04:08.809Z","last_downloaded_at":"2026-09-10T00:04:08.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478609","source_sha256":"249179faeca45ba9ecbc10896e5697181b1377d8cfe7236dc62b6b4813c99cd1"}},{"citation":"350-920-50-3","para":"50-3","html":"
For the most recent annual period for which a statement of financial position is presented, an entity shall disclose in the notes to financial statements the portion of the costs of license agreements recognized at the date of the most recent statement of financial position that an entity expects to amortize within each of the next three operating cycles. An operating cycle is presumed to be 12 months. An entity shall disclose its operating cycle if it is other than 12 months.
","snippet":"For the most recent annual period for which a statement of financial position is presented, an entity shall disclose in the notes to financial statements the portion of the costs of license agreements recognized at the d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96efc9ba2ef30f52380ce46db7816b8e8ef317ba36bd21a5887f4309118ab0ec","downloaded_from":"2026-09-10T00:04:08.809Z","last_downloaded_at":"2026-09-10T00:04:08.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478609","source_sha256":"249179faeca45ba9ecbc10896e5697181b1377d8cfe7236dc62b6b4813c99cd1"}},{"citation":"350-920-50-4","para":"50-4","html":"
For impairment amounts recognized for a license agreement that is not included in a film group, the following information shall be disclosed in the notes to financial statements that include the period in which the impairment losses are recognized:
  1. a
    A description of the facts and circumstances leading to the impairment
  2. b
    The amount of impairment losses
  3. c
    The caption in the income statement where the impairment losses are recorded
  4. d
    If applicable, the segment(s) under Topic 280 where the impairment losses are recorded.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For impairment amounts recognized for a license agreement that is not included in a film group, the following information shall be disclosed in the notes to financial statements that include the period in which the impairment losses are recognized:
  1. a
    A description of the facts and circumstances leading to the impairment
  2. b
    The amount of impairment losses
  3. c
    The caption in the income statement where the impairment losses are recorded
  4. d
    If applicable, the segment(s) under Topic 280 where the impairment losses are recorded.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
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