{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/958/#30-initial-measurement","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":"720-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Contributions Made","paragraphs":[{"citation":"720-958-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_3C6325DA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A liability and an expense recognized under paragraph <a href=\"/asc/720/958/#720-958-25-1\" class=\"xref\">958-720-25-1</a> shall be measured initially at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a>. </span></span></div></div>","snippet":"A liability and an expense recognized under paragraph 958-720-25-1 shall be measured initially at fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a098b5c19d44ab74eceb874c658d306b0fb0721ca36daa2126822eca3491cba","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ec034cbb2358aad28eb8b700ea6017eef0f2b2fe09673965a96bd74494f9df2","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}},{"block":"Services Received from Personnel of an Affiliate","heading":null,"paragraphs":[{"citation":"720-958-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_3C6E8F56-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Services received from personnel of an <a href=\"/glossary/a/#affiliate\" class=\"term\" title=\"A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.\"><span>affiliate</span></a> that directly benefit the recipient <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>not-for-profit entity</span></a> (NFP) and for which the affiliate does not charge the recipient NFP shall be measured by the recipient NFP at the cost recognized by the affiliate in providing those services, except as provided in the following paragraph. Although the components of cost would depend on the nature and type of services provided and could vary from entity to entity, cost should include the direct personnel costs (for example, compensation and any payroll-related fringe benefits) incurred by the affiliate in providing the services to the recipient NFP. </span></span></div></div>","snippet":"Services received from personnel of an affiliate that directly benefit the recipient not-for-profit entity (NFP) and for which the affiliate does not charge the recipient NFP shall be measured by the recipient NFP at the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:306780ce90efb35ac0df5cf82274da36ac1e5669f1401a7cfe8fc1fbe2cdc39b","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}},{"citation":"720-958-30-3","para":"30-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_3C6E9045-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If recording a service received from personnel of an affiliate at the cost recognized by the affiliate for the personnel providing that service will significantly overstate or understate the value of the service received, the recipient NFP may elect to recognize that service at either of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_3C6E90FF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The cost recognized by the affiliate for the personnel providing that service </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_3C6E91A7-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fair value of that service. </span></span></div></li></ol></div></div>","snippet":"If recording a service received from personnel of an affiliate at the cost recognized by the affiliate for the personnel providing that service will significantly overstate or understate the value of the service received…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cd2858501a7b17c96a750b978656e5227ed1dc28e1f09b9127962109c35aa66","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f02d8188a46c663037293bd89367da23769b9a03950a375aef4e0a5fe5453cf","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:53ae16cdf720d344c300664f21ba78013722c2045b288f3383533a1213910d61","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:53ae16cdf720d344c300664f21ba78013722c2045b288f3383533a1213910d61","downloaded_from":"2026-09-10T01:13:13.365Z","last_downloaded_at":"2026-09-10T01:13:13.365Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478100","source_sha256":"5c50d8a9acb866a78ef2c08f056b2b0d3bf9c1aa8f55a48ada12b0682185f8be"}}