# ASC 960-30-25: Plan Accounting—Defined Benefit Pension Plans — Net Assets Available for Plan Benefits — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/960/30/#25-recognition)

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## ASC 960-30-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/960/30/#25-recognition)

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#### Use of Accrual Basis of Accounting

##### [960-30-25-1](https://asc.understandingaccounting.org/asc/960/30/#960-30-25-1)

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The accrual basis of accounting shall be used in preparing information regarding the [net assets available for benefits](https://asc.understandingaccounting.org/glossary/n/#net-assets-available-for-benefits "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."). The information shall be presented in such reasonable detail as is necessary to identify the plan's resources that are available for [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "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.").

#### Interest Income and Rebate Interest Paid

##### [960-30-25-2](https://asc.understandingaccounting.org/asc/960/30/#960-30-25-2)

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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.