ASC

ASC 210-915

Development Stage Entities

210 Balance Sheet

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In brief

IntroductoryPresentationFinancial statement presentationTransition and effective dates

ASC 210-915 formerly provided balance sheet presentation guidance for development stage entities (entities devoting substantially all efforts to establishing a new business). Every paragraph in the subtopic — the overview (210-915-05-1), scope (210-915-15-1), and other presentation guidance (210-915-45-1) — was superseded by ASU 2014-10. As a result, there is no remaining incremental balance sheet presentation requirement for development stage entities; such entities follow the same guidance in ASC 210 as any other entity.

Key points (4)
  • All content of this subtopic is superseded: 210-915-05-1, 210-915-15-1, and 210-915-45-1 were each superseded by Accounting Standards Update No. 2014-10.
  • ASU 2014-10 eliminated the concept of a development stage entity from U.S. GAAP, removing the incremental presentation requirements formerly housed in the 915 subtopics.
  • Because the subtopic is empty, a development stage entity presents its balance sheet under the general guidance of ASC 210, with no special labeling or inception-to-date column.
  • The superseded status matters for comparative or pre-adoption financial statements; historical filings prepared before ASU 2014-10 may still reflect the former development stage entity presentation.

For students. Know that "development stage entity" is no longer a GAAP reporting category — ASU 2014-10 wiped out the 915 subtopics, including this one. The common mistake is citing the old development stage entity presentation rules (e.g., cumulative amounts since inception) as if they were still authoritative.

development stage entitysuperseded guidancebalance sheet presentationinception-to-date informationclassified balance sheet

Machine-generated study aid for ASC 210-915. Check the source paragraphs below.

210-915-00Status

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210-915-00-1
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Development Stage EntitySupersededAccounting Standards Update No. 2014-1006/10/2014
915-210-05-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-210-15-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-210-45-1SupersededAccounting Standards Update No. 2014-1006/10/2014

210-915-05Overview and Background

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210-915-15Scope and Scope Exceptions

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210-915-20Glossary

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210-915-45Other Presentation Matters

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Related subtopics