{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/730/912/#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":"730","topic_title":"Research and Development","subtopic":"730-912","subtopic_title":"Contractors—Federal Government","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Best-Efforts-Basis, Research-and-Development-Cost-Sharing Arrangements","paragraphs":[{"citation":"730-912-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D9B62DB1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Best-efforts-basis, research-and-development-cost-sharing arrangements within the scope of this Subtopic (see paragraph <a href=\"/asc/730/912/#730-912-15-2\" class=\"xref\">912-730-15-2</a>) shall be recognized as research and development expense as incurred in conformity with Topic <a altsource=\"GUID-53420E68-28D9-4CE1-A756-9FE2F492436A.ditamap\" class=\"ditamap\">730</a>. Because of the cost-sharing nature of these fixed-price, best-efforts-basis, research-and-development-cost-sharing arrangements, the amounts funded by the customer shall be recognized as an offset to the contractor's aggregate research and development expense rather than as contract revenues. Example 1 (see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/730/912/#730-912-55-1\" class=\"xref\">912-730-55-1 through 55-3</a></div>) illustrates the application of this guidance. </span></span> </div> </div>","snippet":"Best-efforts-basis, research-and-development-cost-sharing arrangements within the scope of this Subtopic (see paragraph 912-730-15-2) shall be recognized as research and development expense as incurred in conformity with…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a5552693ac3310c111b2359ddea057d23e6e7606a9f161276ff24ec340cb66d","downloaded_from":"2026-09-10T01:15:58.968Z","last_downloaded_at":"2026-09-10T01:15:58.968Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479532","source_sha256":"e7c97452a0806f4a2b8a5fb89ede9a07a53928f0fbb695cd9c779f69bac91cf5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29a02c4ce96b12ef26133bec8addfc0dc9fb2cd96092b9c7adad6459021190d9","downloaded_from":"2026-09-10T01:15:58.968Z","last_downloaded_at":"2026-09-10T01:15:58.968Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479532","source_sha256":"e7c97452a0806f4a2b8a5fb89ede9a07a53928f0fbb695cd9c779f69bac91cf5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47704697080324f22af4ba6950526444ca328a2bfda1ecce8099d17d1b70de1c","downloaded_from":"2026-09-10T01:15:58.968Z","last_downloaded_at":"2026-09-10T01:15:58.968Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479532","source_sha256":"e7c97452a0806f4a2b8a5fb89ede9a07a53928f0fbb695cd9c779f69bac91cf5"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47704697080324f22af4ba6950526444ca328a2bfda1ecce8099d17d1b70de1c","downloaded_from":"2026-09-10T01:15:58.968Z","last_downloaded_at":"2026-09-10T01:15:58.968Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479532","source_sha256":"e7c97452a0806f4a2b8a5fb89ede9a07a53928f0fbb695cd9c779f69bac91cf5"}}