{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/965/20/#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":"965","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","subtopic":"965-20","subtopic_title":"Net Assets Available for Plan Benefits","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"965-20-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_20344F2F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A plan may have liabilities (other than 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>) that should be accrued. Such liabilities may be for amounts owed for securities purchased, income taxes payable by the plan, or other expenses (for example, third-party administrator fees). These liabilities shall be deducted to arrive at net assets available for benefits. </span></span></div></div>","snippet":"A plan may have liabilities (other than for benefits) that should be accrued. Such liabilities may be for amounts owed for securities purchased, income taxes payable by the plan, or other expenses (for example, third-par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:526ed537e0dcd817738d418edda5b4f2b3654ffcf6b97abbff572b4abce4103a","downloaded_from":"2026-09-10T02:24:46.927Z","last_downloaded_at":"2026-09-10T02:24:46.927Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480608","source_sha256":"666f002fb7213ec749dfa32ee7e90afd731adb14d9be65a620ea00444c5deb1c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba5eca0549a6c79b226a4793a90f703f3497c34bf3a34a1375546d705e7f72c6","downloaded_from":"2026-09-10T02:24:46.927Z","last_downloaded_at":"2026-09-10T02:24:46.927Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480608","source_sha256":"666f002fb7213ec749dfa32ee7e90afd731adb14d9be65a620ea00444c5deb1c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fca5a33a2e5e92272ac0d468ddcf39aab7947f196903175f8c0b62d66b9eeb0","downloaded_from":"2026-09-10T02:24:46.927Z","last_downloaded_at":"2026-09-10T02:24:46.927Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480608","source_sha256":"666f002fb7213ec749dfa32ee7e90afd731adb14d9be65a620ea00444c5deb1c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fca5a33a2e5e92272ac0d468ddcf39aab7947f196903175f8c0b62d66b9eeb0","downloaded_from":"2026-09-10T02:24:46.927Z","last_downloaded_at":"2026-09-10T02:24:46.927Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480608","source_sha256":"666f002fb7213ec749dfa32ee7e90afd731adb14d9be65a620ea00444c5deb1c"}}