{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/960/40/#35-subsequent-measurement","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":"960-40","subtopic_title":"Terminating Plans","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-40-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2013-07/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2013-07</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2013-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bba8710df48d2bab48d330dfe1a697d2a3ee6db0962f7ed7740826eb24c7aef","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}},{"citation":"960-40-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1C5C97DE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For <a href=\"/glossary/t/#terminating-plan\" class=\"term\" title=\"All plans about which a termination decision has been made regardless of whether the terminating plan will be replaced.\"><span>terminating plan</span></a> assets, accumulated plan benefits shall be determined using the liquidation basis of accounting (see Subtopic <a altsource=\"GUID-F0CE4D19-6B2D-4FC1-8D41-8831E94834AC.ditamap\" class=\"ditamap\">205-30</a>), and their value may differ from the actuarial present value of accumulated plan benefits reported for an ongoing plan. In general, upon termination all benefits should be reported as vested. </span></span></div></div>","snippet":"For terminating plan assets, accumulated plan benefits shall be determined using the liquidation basis of accounting (see Subtopic 205-30), and their value may differ from the actuarial present value of accumulated plan …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:413e76b1daf6a2a1d96bdfcd46a5b784a8922dea154ed5c5b393bba81070604c","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02b3c872cf9a37acdfb8953cca3d83b90b398ea0940643e260bfeba4bda8dcae","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d88d9fb8f2f59db666f39352cd2dd5bf4e1c9214d671286d8f4c4538bb6db929","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d88d9fb8f2f59db666f39352cd2dd5bf4e1c9214d671286d8f4c4538bb6db929","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}}