{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/30/#45-other-presentation-matters","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":"944","topic_title":"Financial Services—Insurance","subtopic":"944-30","subtopic_title":"Acquisition Costs","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"944-30-45-1","para":"45-1","html":"Unamortized acquisition costs shall be classified as an asset. The amount deferred under paragraph 944-30-25-7 shall be recognized on the statement of financial position as an asset and amortization shall be recognized as a component of benefit expense. Paragraph 944-825-45-1 states that deferred acquisition costs related to investment contracts shall be reported as an asset to be consistent with the guidance in the preceding paragraph.