{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/730/20/#50-disclosure","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":"730","topic_title":"Research and Development","subtopic":"730-20","subtopic_title":"Research and Development Arrangements","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"730-20-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_06A3C568-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An entity that under the provisions of this Subtopic accounts for its obligation under a <a href=\"/glossary/r/#research-and-development\" class=\"term\" title=\"Research is planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service (referred to as product) or a new process or technique (referred to as process) or in bringing about a significant improvement to an existing product or process. Development is the translation of research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or use. It includes the conceptual formulation, design, and testing of product alternatives, construction of prototypes, and operation of pilot plants.\"><span>research and development</span></a> arrangement as a contract to perform research and development for others shall disclose both 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_06A3C6EC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The terms of significant agreements under the research and development arrangement (including royalty arrangements, purchase provisions, license agreements, and commitments to provide additional funding) as of the date of each balance sheet presented </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_06A3C819-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount of compensation earned and costs incurred under such contracts for each period for which an income statement is presented. </span></span></div></li></ol></div></div>","snippet":"An entity that under the provisions of this Subtopic accounts for its obligation under a research and development arrangement as a contract to perform research and development for others shall disclose both of the follow…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:597b6d5d0ce8aa461c83df74baf7f5b0cdb1150401d0a9171063151d5a51fa70","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}},{"citation":"730-20-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_06A3C94A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Topic <a altsource=\"GUID-5649B7E7-C7E4-40F5-AD61-8D6D973C38FD.ditamap\" class=\"ditamap\">850</a> specifies additional disclosure requirements for <a href=\"/glossary/r/#related-parties\" class=\"term\" title=\"Related parties include: Affiliates of the entity Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity Trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management Principal owners of the entity and members of their immediate families Management of the entity and members of their immediate families Other parties with which the entity may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.\"><span>related party</span></a> transactions and certain control relationships. </span></span></div></div>","snippet":"Topic 850 specifies additional disclosure requirements for related party transactions and certain control relationships.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7ff2c4a42c3decf708588bb504f7a3e391c05a8a42846c18adc1d426ccc6499","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}},{"citation":"730-20-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_06A3CA83-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An entity that is a party to more than one research and development arrangement need not separately disclose each arrangement unless separate disclosure is necessary to understand the effects on the financial statements. Aggregation of similar arrangements by type may be appropriate. </span></span></div></div>","snippet":"An entity that is a party to more than one research and development arrangement need not separately disclose each arrangement unless separate disclosure is necessary to understand the effects on the financial statements.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:466847924836a958dd4e9e1915de57de670c0591ea894877bba82e16f0f66fa3","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1987e62d401ab555548e97761bcd21d3098a50cb49d2f76c9b790721f9725820","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ca2c91620d077720def6f94290ad0bfe8ef317a688853e7069a9866fbd770f5","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ca2c91620d077720def6f94290ad0bfe8ef317a688853e7069a9866fbd770f5","downloaded_from":"2026-09-10T01:15:19.916Z","last_downloaded_at":"2026-09-10T01:15:19.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483041","source_sha256":"a5edbcfc0778bc1c8b4e7850dc5badc1b262f5fcd6f94451e1620c3b1318baa1"}}