{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/50/#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":"605","topic_title":"Revenue Recognition","subtopic":"605-50","subtopic_title":"Customer Payments and Incentives","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-50-05-1","para":"05-1","html":"
Paragraph superseded by Accounting Standards Update No. 2014-09.
","snippet":"Paragraph superseded by Accounting Standards Update No.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:d4c88dc5e35a473acec88aad904c22ec9e0c8b439eec0e60ab8ba173c1928239","downloaded_from":"2026-09-10T00:45:07.107Z","last_downloaded_at":"2026-09-10T00:45:07.107Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481542","source_sha256":"a5cc3fcb3c97ca15a7c590b4cd1fdb24a9e31ebeb4f02bc2effda988874853df"}},{"citation":"605-50-05-2","para":"05-2","html":"
Paragraph superseded by Accounting Standards Update No. 2014-09.
","snippet":"Paragraph superseded by Accounting Standards Update No.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:dd2b0bc0c1ac3abbe67dc15afadd35359df5a4a49b5f5f786c39fa5b859f45cd","downloaded_from":"2026-09-10T00:45:07.107Z","last_downloaded_at":"2026-09-10T00:45:07.107Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481542","source_sha256":"a5cc3fcb3c97ca15a7c590b4cd1fdb24a9e31ebeb4f02bc2effda988874853df"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4553226a3b2a42ee11a34c59f9972fcfe5220ce83187da932c3f47234f0a6014","downloaded_from":"2026-09-10T00:45:07.107Z","last_downloaded_at":"2026-09-10T00:45:07.107Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481542","source_sha256":"a5cc3fcb3c97ca15a7c590b4cd1fdb24a9e31ebeb4f02bc2effda988874853df"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea73a67dcd61d48d866422efac568d1fa29e6c7bbbb75b295b562f40650529ce","downloaded_from":"2026-09-10T00:45:07.107Z","last_downloaded_at":"2026-09-10T00:45:07.107Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481542","source_sha256":"a5cc3fcb3c97ca15a7c590b4cd1fdb24a9e31ebeb4f02bc2effda988874853df"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea73a67dcd61d48d866422efac568d1fa29e6c7bbbb75b295b562f40650529ce","downloaded_from":"2026-09-10T00:45:07.107Z","last_downloaded_at":"2026-09-10T00:45:07.107Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481542","source_sha256":"a5cc3fcb3c97ca15a7c590b4cd1fdb24a9e31ebeb4f02bc2effda988874853df"}}