{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/912/#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":"405","topic_title":"Liabilities","subtopic":"405-912","subtopic_title":"Contractors—Federal Government","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-912-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6df33341be533b9a4a19171da1815a021c7ce24d8d1aecdf56b83eb593f5bab9","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}},{"citation":"405-912-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f5095deb8c15edef9e8e5495df0b218960dd5ab8abd7657977356e44a1bd30f4","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f57a73313551d6f171edb51fe3670af43e9a2d26712f4129c514324bee3d700a","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}},{"block":null,"heading":"Progress Payments","paragraphs":[{"citation":"405-912-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D800A141-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/310/912/#310-912-25-7\" class=\"xref\">912-310-25-7</a> provides guidance on the circumstances in which progress payments received shall be accounted for as a financing transaction. </span></span></div></div>","snippet":"Paragraph 912-310-25-7 provides guidance on the circumstances in which progress payments received shall be accounted for as a financing transaction.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9e0643f0c1b3d7b762fb79b15c5bc73a52ea7c4df6e10f1dcdec9121e55cf8d","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3da912cbad5dc37b7ccb8a038aa5eba80adc2147ddf0ce2f3000ec7563038c5f","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be3c65dccdce90bd29a4e13b6c8c037e7e8ff2dfd872b0c3c1a8ced12d3e6d36","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be3c65dccdce90bd29a4e13b6c8c037e7e8ff2dfd872b0c3c1a8ced12d3e6d36","downloaded_from":"2026-09-10T00:16:29.229Z","last_downloaded_at":"2026-09-10T00:16:29.229Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478701","source_sha256":"1b0cb8d95d9269b03cacceea1359944a9ce7fa24f8331ac011b3cba298bad577"}}