# ASC 605-20-05: Revenue Recognition — Services — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/605/20/#05-overview-and-background)

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## ASC 605-20-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/605/20/#05-overview-and-background)

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##### [605-20-05-1](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-1)

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This Subtopic specifies the accounting for the provision for losses on separately priced [extended warranty](https://asc.understandingaccounting.org/glossary/e/#extended-warranty "An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer's original warranty, if any, or to extend the period of coverage provided by the manufacturer's original warranty.") and [product maintenance contracts](https://asc.understandingaccounting.org/glossary/p/#product-maintenance-contracts "An agreement to perform certain agreed-upon services to maintain a product for a specified period of time. The terms of the contract may take different forms, such as an agreement to periodically perform a particular service a specified number of times over a specified period of time, or an agreement to perform a particular service as the need arises over the term of the contract.").

##### [605-20-05-2](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-2)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-20-05-3](https://asc.understandingaccounting.org/asc/605/20/#605-20-05-3)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).