{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/924/","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.","number":"720-924","topic":"720","title":"Entertainment—Casinos","area":"Expenses","paragraphs":3,"summary":"This Subtopic governs how a casino entity accounts for the cost of promotional allowances — complimentary goods and services (comps) such as rooms, food, beverages, and entertainment given to customers. Its single substantive rule is that the cost of providing those promotional allowances is included in costs and expenses (720-924-25-1). 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class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-0D4A8710-06BB-4ABF-B94B-2DC3334B442D.ditamap\" class=\"ditamap\">924-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 924-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a21be41d08683f7f7f05b998397691ca11d3660091ffe65017270f0c1566389","downloaded_from":"2026-09-10T01:10:01.209Z","last_downloaded_at":"2026-09-10T01:10:01.209Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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id=\"sfr_DF6A4A9D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The cost of providing promotional allowances shall be included in costs and expenses. </span></span></div></div>","snippet":"The cost of providing promotional allowances shall be included in costs and expenses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9dc4ce53df32b331b1e2c0573baca623830cac15284df822ec3c791c089acfe4","downloaded_from":"2026-09-10T01:10:03.676Z","last_downloaded_at":"2026-09-10T01:10:03.676Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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Its single substantive rule is that the cost of providing those promotional allowances is included in costs and expenses (720-924-25-1). Scope follows the casino Overall Subtopic, Section 924-10-15.","key_points":["The Subtopic addresses accounting and reporting for the cost of promotional allowances provided by a casino entity to a customer (720-924-05-1).","Scope is the same as the casino Overall Subtopic, Section 924-10-15 (720-924-15-1).","The cost of providing promotional allowances shall be included in costs and expenses (720-924-25-1).","The guidance addresses the cost side of comps; it does not itself prescribe the revenue presentation of promotional allowances."],"categories":["Industry-specific","Recognition","Presentation"],"audience_level":"intermediate","student_note":"Casinos give away large volumes of \"comps,\" and this rule keeps their cost in operating costs and expenses rather than netting it against gaming revenue. A common misunderstanding is confusing this cost-recognition rule with the separate revenue-side question of how (or whether) complimentaries are reported as revenue, which is addressed under the casino revenue guidance (now driven by ASC 606).","related_topics":["924-10","924-605","606-10","720-10"],"key_concepts":["promotional allowances","complimentaries","casino entity","costs and expenses","gaming operations","customer incentives"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5415105ee145b9286aa7fd511cbe39c025de3934067ed997d6d0883e419ae8c2","downloaded_from":"2026-09-10T01:09:57.559Z","last_downloaded_at":"2026-09-10T01:10:03.676Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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