# ASC 210-912: Balance Sheet — Contractors—Federal Government Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/210/912/) 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): 2026-09-09T22:59:35.983Z to 2026-09-09T22:59:51.511Z Record version: sha256:1a4f80688d5b73c4afdfe233a1a7fe3f2349e5c2c6193b70da5f194f28ea0df9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912: Balance Sheet — Contractors—Federal Government ### Machine-generated study aids ```json { "summary": "ASC 210-912 formerly provided balance sheet classification and disclosure guidance for contractors with the federal government (e.g., presentation of receivables, unbilled amounts, and advances/progress payments on government contracts). Every paragraph in the subtopic — Sections 05, 15, 45, and 50 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic is now an empty shell with no operative guidance; contract asset and contract liability presentation for government contractors is governed by ASC 606 (and ASC 340-40 for related costs).", "key_points": [ "All content of ASC 210-912 (paragraphs 210-912-05-1, 15-1, 45-1 through 45-8, and 50-1) was superseded by Accounting Standards Update No. 2014-09.", "No recognition, classification, or disclosure requirements remain in this subtopic; citing it as authoritative support is incorrect.", "Balance sheet presentation of amounts arising from federal government contracts is now determined under ASC 606-10-45 (contract assets, contract liabilities, and receivables) rather than industry-specific balance sheet rules.", "Costs to obtain or fulfill a government contract, and their presentation, are addressed by ASC 340-40 following the ASU 2014-09 amendments.", "The retention of the empty subtopic in the Codification reflects the FASB's practice of preserving the section structure while eliminating superseded industry guidance." ], "categories": [ "Presentation", "Industry-specific", "Revenue", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "Know that this subtopic is entirely dead letter — ASU 2014-09 wiped out the legacy government-contractor balance sheet guidance. The common mistake is citing old industry presentation rules for unbilled receivables or progress payments instead of the ASC 606 contract asset/contract liability model.", "related_topics": [ "606", "340-40", "912-605", "912-210", "605" ], "key_concepts": [ "superseded guidance", "federal government contractors", "balance sheet classification", "contract assets and contract liabilities", "unbilled receivables", "progress payments", "revenue recognition transition" ] } ``` Source downloaded (UTC): 2026-09-09T22:59:35.983Z to 2026-09-09T22:59:35.983Z Record version: sha256:c4b24785aefb327481833a34b1756816cc3691e9b59243fd236dfbe773d3b095 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/210/912/#00-status) SEC content: no ##### [210-912-00-1](https://asc.understandingaccounting.org/asc/210/912/#210-912-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:35.983Z to 2026-09-09T22:59:35.983Z Record version: sha256:2ebf4248f99f507511a04e59c753fe4852f87beb8388e61c81da2202d062808c 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
Advance PaymentsSupersededAccounting Standards Update No. 2014-0905/28/2014
Cost-Plus-Fixed-Fee ContractSupersededAccounting Standards Update No. 2014-0905/28/2014
912-210-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
912-210-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
912-210-45-1 through 45-8
SupersededAccounting Standards Update No. 2014-0905/28/2014
912-210-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-09T22:59:39.809Z to 2026-09-09T22:59:39.809Z Record version: sha256:5d5ebc5d5605e706c787bedaa5a93dc09b60665b0ed4d11c74007f55cb468767 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/210/912/#05-overview-and-background) SEC content: no ##### [210-912-05-1](https://asc.understandingaccounting.org/asc/210/912/#210-912-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:39.809Z to 2026-09-09T22:59:39.809Z Record version: sha256:a03b3b3e5fe06b180310c14f7a3a2e1067a9d8c003514b9056057a08a89506ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-09T22:59:43.436Z to 2026-09-09T22:59:43.436Z Record version: sha256:a6a8bad2ae3f5527faef4ba49cc0a169591e59d01accebef19714a23cbbbafff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/210/912/#15-scope-and-scope-exceptions) SEC content: no ##### [210-912-15-1](https://asc.understandingaccounting.org/asc/210/912/#210-912-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:43.436Z to 2026-09-09T22:59:43.436Z Record version: sha256:6911e71e572951309f05a4f581437dcbe443409cd4b480a7ed495e50835089c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-09T22:59:47.247Z to 2026-09-09T22:59:47.247Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/210/912/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:3cbe6b963c6d21652f618fd788f6f1cd3e4c4d155375a4a778b4f9e7b525cf26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/210/912/#45-other-presentation-matters) SEC content: no ##### [210-912-45-1](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:85d437241db26dd439d0d40a0b1aa24eec29ae0d0f5cb554f206e01da7483e61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-2](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:c1af802adf92fddb86f8f411c588774d953fb731f078cb03261e76f72bb2d1f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-3](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:64d9c8c4bd4dbec3d418a80d2e4c109c91d8e7e2c4a92bdebbe49e873552125d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-4](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:cd1eecf693af15e3ee7373f9a290d54d908994c490343518a332f6e6d2dbf81f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-5](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:c999effc670baafcd2fe988cdb3777988d7890d925431af51522cf2df5b9e361 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-6](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:f6ae48a4a8bf53437a3f09741ef852efcaab9c0426441eaa2ece7974470747bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-7](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:838cecba8bd85789dccce32b5483cf1eaabec3bd8d151a95c2a9a57318e5eeef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [210-912-45-8](https://asc.understandingaccounting.org/asc/210/912/#210-912-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:49.169Z to 2026-09-09T22:59:49.169Z Record version: sha256:0ea5ed4d37c2ed8903938775b5429c58a30f5b28442998c0dc67a1fb6888b97b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-09T22:59:51.511Z to 2026-09-09T22:59:51.511Z Record version: sha256:69e00ffb8131754a6c5c1b8c1c604d8757dd439d0894e8a7051ec980a92579e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-912-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/210/912/#50-disclosure) SEC content: no ##### [210-912-50-1](https://asc.understandingaccounting.org/asc/210/912/#210-912-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:59:51.511Z to 2026-09-09T22:59:51.511Z Record version: sha256:4a9514cd69976cec81c3c91bf965cfeb57b0d2d2ba7993cc0bf2bc250cf3842a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).