Statement of Shareholder Equity

ASC 215 is a "link" topic: it establishes no substantive rules of its own for the statement of shareholder equity. The Overall Subtopic (215-10) merely points readers to Topic 505 for disclosure guidance on the items comprising shareholders' equity (215-10-05-1; 215-10-50-1). The only other subtopic, 215-915, once required development stage entities to present cumulative inception-to-date detail of each equity issuance, but every paragraph (215-915-05-1, 15-1, and 45-1 through 45-3) was superseded by ASU 2014-10, which eliminated the development stage entity concept from U.S. GAAP. The key takeaway: look to Topic 505 (and general presentation topics) for equity presentation and disclosure, and note that no special inception-to-date equity reporting survives for development stage entities.

Subtopics

1. 10Overall2 ¶

   ASC 215-10 is a placeholder ("link") subtopic for the statement of shareholder equity. It contains no substantive recognition or measurement rules; its only content directs users to Topic 505 for disclosure guidance on the items that make up shareholders' equity.

   0550
2. 915Development Stage Entities6 ¶

   ASC 215-915 formerly prescribed how a development stage entity presented its statement of shareholder equity — notably cumulative, inception-to-date detail of each equity issuance (dates, shares, dollar amounts, nature of consideration). Every paragraph in this subtopic (215-915-05-1, 15-1, and 45-1 through 45-3) was superseded by ASU 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP. There are consequently no remaining requirements under this subtopic; a development stage entity now follows the same equity presentation guidance as any other reporting entity.

   00051545