{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/946/#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":"605","topic_title":"Revenue Recognition","subtopic":"605-946","subtopic_title":"Financial Services—Investment Companies","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-946-25-1","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Paragraph superseded by Accounting Standards Update No. 2014-09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","snippet":"Paragraph superseded by Accounting Standards Update No.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":"sha256:52d4be55faa6fc70ca1b192fe995a17319caf18b10723bcf6f2e6272b5152d15","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-2","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Paragraph superseded by Accounting Standards Update No. 2014-09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","snippet":"Paragraph superseded by Accounting Standards Update No.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":"sha256:50647d9be8df4869eb7cea726b976dbc58a1e7628a5a3fb01695d05d9734c302","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-3","para":"25-3","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":"sha256:35513240317180de3df1f758719f2401c58c157e2f1ec81a6deec4cffc853385","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-4","para":"25-4","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":"sha256:6aa5a68f41044063f6d1aa560d11a0f6cd5c08c9e3a66f85da533eb3d8289c0a","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-5","para":"25-5","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":"sha256:0183cc5abd788913df1f26084d94b7304fd3c34b71d03ce32b068939e3c5f630","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-6","para":"25-6","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:b7224a353c68bd31e9473e7cf623b5a3cccded3d73c5765d2b05a337852f3463","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-7","para":"25-7","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":"sha256:0154049e64053c4c54404bf7bc0affae9dfa3dfe9052aa097c376054f8cf52d6","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},{"citation":"605-946-25-8","para":"25-8","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":"sha256:3bf5e14cc6b91f73c8438b93d002b4ae35a649190946d8b1c0ee329e07490165","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56d0fb4c8e6e9bb2ffd1747a3e63264131271a1f7d501bdd60114aeb1f9da90d","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cef68d5906ec1e3cf8b81a0a26c2d41fa7e573ec4d77c133380915656a8b750","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cef68d5906ec1e3cf8b81a0a26c2d41fa7e573ec4d77c133380915656a8b750","downloaded_from":"2026-09-10T00:49:58.300Z","last_downloaded_at":"2026-09-10T00:49:58.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477767","source_sha256":"8cfbba0112da8c01fd8e1e968429217b7d63e73424ed806e30c8ff0cc2faa7b6"}}