{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/960/30/#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":"960","topic_title":"Plan Accounting—Defined Benefit Pension Plans","subtopic":"960-30","subtopic_title":"Net Assets Available for Plan Benefits","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Use of Accrual Basis of Accounting","paragraphs":[{"citation":"960-30-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1ACDEC96-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accrual basis of accounting shall be used in preparing information regarding the <a href=\"/glossary/n/#net-assets-available-for-benefits\" class=\"term\" title=\"The difference between a plan's assets and its liabilities. For purposes of this definition, a plan's liabilities do not include participants' accumulated plan benefits.\"><span>net assets available for benefits</span></a>. </span></span><span class=\"sfragment\" id=\"sfr_1ACDEDF0-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The information shall be presented in such reasonable detail as is necessary to identify the plan's resources that are available for <a href=\"/glossary/b/#benefits\" class=\"term\" title=\"The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.\"><span>benefits</span></a>. </span></span></div></div>","snippet":"The accrual basis of accounting shall be used in preparing information regarding the net assets available for benefits. The information shall be presented in such reasonable detail as is necessary to identify the plan's …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2ac04e315282207ec84c8cf28e79fdc015fdfeb86c78d258af0fb2f75b7d463","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fbdc35519499bf8974941fed7a8187ddcf8809f80adc4979aeabb94652959d3","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}},{"block":null,"heading":"Interest Income and Rebate Interest Paid","paragraphs":[{"citation":"960-30-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1ACDEECA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits. </span></span></div></div>","snippet":"The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d1b8d961f4f6adfdfc9dcbdce1ef76e6986c6aaec7fadf23669a1c71ab3286e","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4230cb4cac0b3784a1ba751e8f5b94b636a1edbd9874af69a5c4c7b44d2d87e","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a17c26f8120e268871f7910d3a8549ace5272461a1137692e2ae3d7d703b8c0c","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a17c26f8120e268871f7910d3a8549ace5272461a1137692e2ae3d7d703b8c0c","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}