{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/924/#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":"405","topic_title":"Liabilities","subtopic":"405-924","subtopic_title":"Entertainment—Casinos","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-924-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses the following:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">The accounting for gaming <a href=\"/glossary/c/#chips\" class=\"term\" title=\"Money substitutes, in various denominations, issued by a gaming entity and used for wagering.\"><span>chips</span></a> held in inventory by casino entities and for gaming chips distributed to casino customers. </div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DE71DBF4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accounting for jackpot liabilities.</span></span></div></li></ol></div></div>","snippet":"This Subtopic addresses the following:\n(a) The accounting for gaming chips held in inventory by casino entities and for gaming chips distributed to casino customers.\n(b) The accounting for jackpot liabilities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e95bb76881cebb89a90154a6e8f309c7af362d79ba6a62e8b39c2ce276de0158","downloaded_from":"2026-09-10T00:17:07.155Z","last_downloaded_at":"2026-09-10T00:17:07.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477917","source_sha256":"54ceb987ffd7a331200035460d3c4f970129fc6da1edc35df7990988bfaa0f8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:006767816c6240d43e4161ec67fb27f2142a4ac969470226c333c15db4e56a33","downloaded_from":"2026-09-10T00:17:07.155Z","last_downloaded_at":"2026-09-10T00:17:07.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477917","source_sha256":"54ceb987ffd7a331200035460d3c4f970129fc6da1edc35df7990988bfaa0f8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a71a193e27cea936ec7516ea6ec5f24c68f4b200ca28ecd44c0dfbf49665026","downloaded_from":"2026-09-10T00:17:07.155Z","last_downloaded_at":"2026-09-10T00:17:07.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477917","source_sha256":"54ceb987ffd7a331200035460d3c4f970129fc6da1edc35df7990988bfaa0f8f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a71a193e27cea936ec7516ea6ec5f24c68f4b200ca28ecd44c0dfbf49665026","downloaded_from":"2026-09-10T00:17:07.155Z","last_downloaded_at":"2026-09-10T00:17:07.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477917","source_sha256":"54ceb987ffd7a331200035460d3c4f970129fc6da1edc35df7990988bfaa0f8f"}}