# ASC 205-915: Presentation of Financial Statements — Development Stage Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/205/915/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T22:54:43.054Z to 2026-09-09T22:54:51.555Z Record version: sha256:c66371ec36f7aef3004b7da2053b61ca4ac21f8be614b13ac96721fdca2566b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915: Presentation of Financial Statements — Development Stage Entities ### Machine-generated study aids ```json { "summary": "ASC 205-915 formerly contained the presentation requirements for development stage entities (inception-to-date cumulative amounts in the income statement, cash flow statement, and equity statement, plus identification of the entity as development stage). Every paragraph in Sections 05, 15, and 45 was superseded by ASU 2014-10, so the subtopic now imposes no requirements. Entities that would once have been development stage entities simply follow the ordinary presentation guidance in ASC 205 and elsewhere in GAAP.", "key_points": [ "All content of this subtopic — overview (205-915-05-1), scope (205-915-15-1), and other presentation matters (205-915-45-1 through 45-6) — was superseded by Accounting Standards Update No. 2014-10.", "As a result, there is no longer any requirement to label an entity as a development stage entity or to present inception-to-date cumulative amounts in the income statement, statement of cash flows, or statement of stockholders' equity.", "Entities formerly within the development stage entity classification now apply the same presentation guidance as any other reporting entity under ASC 205 and related topics.", "The subtopic is retained in the Codification only as a record of superseded paragraphs; citing it as authoritative support for current financial statements is incorrect.", "Effective date and transition for the elimination of this guidance are governed by ASU 2014-10 rather than by any remaining text in 205-915." ], "categories": [ "Presentation", "Financial statement presentation", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "Exam trap: candidates still remember the old \"cumulative amounts since inception\" columns for development stage entities — ASU 2014-10 deleted that entire regime, so start-ups and pre-revenue companies now present financial statements like everyone else. The subtopic survives in the Codification only as superseded shells.", "related_topics": [ "205", "810", "915", "275" ], "key_concepts": [ "development stage entity", "superseded guidance", "inception-to-date information", "financial statement presentation", "simplification of gaap" ] } ``` Source downloaded (UTC): 2026-09-09T22:54:43.054Z to 2026-09-09T22:54:43.054Z Record version: sha256:bbb6c7c2ac50e7064621a161c19e3c4bd6a9f14cf13fdb24028459ca53a2dc09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/915/#00-status) SEC content: no ##### [205-915-00-1](https://asc.understandingaccounting.org/asc/205/915/#205-915-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:43.054Z to 2026-09-09T22:54:43.054Z Record version: sha256:efecfe9e5a33c509331d668807e4ce799030f9a5191d17ab838fbce82325b53a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Development Stage EntitySupersededAccounting Standards Update No. 2014-1006/10/2014
915-205-05-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-205-15-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-205-45-1 through 45-6
SupersededAccounting Standards Update No. 2014-1006/10/2014
Source downloaded (UTC): 2026-09-09T22:54:46.354Z to 2026-09-09T22:54:46.354Z Record version: sha256:34985027c4d3083cd562809506db9145c8b1a5367259e366cec9c71865b8f4dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/205/915/#05-overview-and-background) SEC content: no ##### [205-915-05-1](https://asc.understandingaccounting.org/asc/205/915/#205-915-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:46.354Z to 2026-09-09T22:54:46.354Z Record version: sha256:407452bdb43e0bbdae829da75e4fc9240122846992acf6cc41ca6bacec4280e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-09T22:54:48.166Z to 2026-09-09T22:54:48.166Z Record version: sha256:914add5422e2013fd82d3a5e612676a2693ea3d27ff6d1d559247cd7a20a767e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/205/915/#15-scope-and-scope-exceptions) SEC content: no ##### [205-915-15-1](https://asc.understandingaccounting.org/asc/205/915/#205-915-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:48.166Z to 2026-09-09T22:54:48.166Z Record version: sha256:cd02ee79611071845a17277dd4539ca27c92d4dd969bc9796edff9e1b27e5841 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-09T22:54:49.937Z to 2026-09-09T22:54:49.937Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/205/915/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:6b2dde18bc5a665d7414bc951b11434e03a2f379461f4bd4c0495303504457bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-915-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/205/915/#45-other-presentation-matters) SEC content: no ##### [205-915-45-1](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:a70a8f7aebc1413fb9c7c7b72e7c8f61a03e86308583ea18f9e136818859270e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). ##### [205-915-45-2](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:78cc59d444ea47e3d46a68c5e74e55e97bc131eefa94b24d0bba71e1784c76a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). ##### [205-915-45-3](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:a2f1e5e8c8a24588587937de30936a1f3d0c289391c11a05f09e29bf93962258 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). ##### [205-915-45-4](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:74c42ea29428391c255680ca966585ee49e12ae94a181f6fdc411c295aaaa598 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). ##### [205-915-45-5](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:9882bb02868437d4ee57210643983ddcf15d05ead23d84980506a6fe8f6b2c84 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). ##### [205-915-45-6](https://asc.understandingaccounting.org/asc/205/915/#205-915-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:51.555Z to 2026-09-09T22:54:51.555Z Record version: sha256:9f6dbe2f36c24a04acfda90cc9becd6aef36df0f8302d1f36fc4c8406bd60b64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/).