{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/440/954/#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":"440","topic_title":"Commitments","subtopic":"440-954","subtopic_title":"Health Care Entities","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Continuing Care Retirement Community","paragraphs":[{"citation":"440-954-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_26E54262-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The continuing care retirement community assumes a risk in estimating the cost of future services and the use of facilities. Although many continuing care retirement communities are allowed contractually to increase periodic fees, some contracts may restrict increases in periodic fees and require continuing services without additional compensation. </span></span></div></div>","snippet":"The continuing care retirement community assumes a risk in estimating the cost of future services and the use of facilities. Although many continuing care retirement communities are allowed contractually to increase peri…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:380e346b1cb10db738645753e975422ab9d5424a73de50ef8a26c7ea0c2473c0","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}},{"citation":"440-954-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_26E54377-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/440/954/#440-954-35-1\" class=\"xref\">954-440-35-1</a> requires that the obligation of a continuing care retirement community to provide future services and the use of facilities to current residents be calculated annually to determine whether a liability shall be recognized in the financial statements. </span></span></div></div>","snippet":"Paragraph 954-440-35-1 requires that the obligation of a continuing care retirement community to provide future services and the use of facilities to current residents be calculated annually to determine whether a liabil…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd37074dcce43289931d921d86ccdfb559c175eff955cd6498227cbf973513f5","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}},{"citation":"440-954-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">See Example 1 (paragraph <a href=\"/asc/440/954/#440-954-55-1\" class=\"xref\">954-440-55-1</a>) for an illustration of this guidance.</div></div>","snippet":"See Example 1 (paragraph 954-440-55-1) for an illustration of this guidance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d8f78f0ebced476539da89888e54e88104f898511fc40e329dbacb31240dfb8","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b048a9dac1366ce556c8144990c775feb8fa8cc31708020799d7cc52f22c9506","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09cace5207aae20ce964c40472c44ccde0101cfc0e66b3739f7dea5a97597a73","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09cace5207aae20ce964c40472c44ccde0101cfc0e66b3739f7dea5a97597a73","downloaded_from":"2026-09-10T00:26:34.890Z","last_downloaded_at":"2026-09-10T00:26:34.890Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479082","source_sha256":"847556133673ce491468b147c7459a222c1b6b90ca61bdb9fa11de045565695c"}}