{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/944/#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":"720","topic_title":"Other Expenses","subtopic":"720-944","subtopic_title":"Financial Services—Insurance","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"720-944-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_087D3A23-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/944/30/#944-30-25-1A\" class=\"xref\">944-30-25-1A</a> requires that an insurance entity capitalize certain <a href=\"/glossary/a/#acquisition-costs\" class=\"term\" title=\"Costs that are related directly to the successful acquisition of new or renewal insurance contracts.\"><span>acquisition costs</span></a> directly related to successful contracts.</span></span></div></div>","snippet":"Paragraph 944-30-25-1A requires that an insurance entity capitalize certain acquisition costs directly related to successful contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87463ae9e9550a741cb5d75968952c580a1b7b587e03206d8ded88166f070c90","downloaded_from":"2026-09-10T01:11:30.049Z","last_downloaded_at":"2026-09-10T01:11:30.049Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477550","source_sha256":"b564a1be453ba54303d768c7220036c3a941535da72ab6b664b4c05db67cdd6d"}},{"citation":"720-944-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_087D3B1B-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An insurance entity shall charge to expense as incurred any of the following costs: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_087D3BE9-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An acquisition-related cost that cannot be capitalized in accordance with paragraph <a href=\"/asc/944/30/#944-30-25-1A\" class=\"xref\">944-30-25-1A</a> (for implementation guidance, see paragraph <a href=\"/asc/720/944/#720-944-55-1\" class=\"xref\">944-720-55-1</a>)</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_087D3CA9-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An indirect cost (for implementation guidance, see paragraph <a href=\"/asc/720/944/#720-944-55-2\" class=\"xref\">944-720-55-2</a>).</span></span></div></li></ol></div></div>","snippet":"An insurance entity shall charge to expense as incurred any of the following costs:\n(a) An acquisition-related cost that cannot be capitalized in accordance with paragraph 944-30-25-1A (for implementation guidance, see p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfee5756953e8c7c9710eb6fe9ea801e4ea43131102d5a19a77cb661d9980fec","downloaded_from":"2026-09-10T01:11:30.049Z","last_downloaded_at":"2026-09-10T01:11:30.049Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477550","source_sha256":"b564a1be453ba54303d768c7220036c3a941535da72ab6b664b4c05db67cdd6d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2c9f05e313a2c1b177305ed4c05aba80949cde7b65231dbe90e8e50f085cb54","downloaded_from":"2026-09-10T01:11:30.049Z","last_downloaded_at":"2026-09-10T01:11:30.049Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477550","source_sha256":"b564a1be453ba54303d768c7220036c3a941535da72ab6b664b4c05db67cdd6d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efc2fbe806960afe7bfeda24a1d8a7ee565ba3f27303d06dc6a3c03b6877a163","downloaded_from":"2026-09-10T01:11:30.049Z","last_downloaded_at":"2026-09-10T01:11:30.049Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477550","source_sha256":"b564a1be453ba54303d768c7220036c3a941535da72ab6b664b4c05db67cdd6d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efc2fbe806960afe7bfeda24a1d8a7ee565ba3f27303d06dc6a3c03b6877a163","downloaded_from":"2026-09-10T01:11:30.049Z","last_downloaded_at":"2026-09-10T01:11:30.049Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477550","source_sha256":"b564a1be453ba54303d768c7220036c3a941535da72ab6b664b4c05db67cdd6d"}}