ASC

ASC 215-915

Development Stage Entities

215 Statement of Shareholder Equity

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In brief

IntroductoryPresentationDebt and equityFinancial statement presentationTransition and effective dates

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 Every paragraph in this subtopic (215-915-05-1, 15-1, and 45-1 through 45-3) was superseded by ASU 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP.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.

Key points (5)
  • All content of ASC 215-915 — Sections 05 (Overview and Background), 15 (Scope), and 45 (Other Presentation Matters) — is superseded by Accounting Standards Update No. 2014-10.
  • 215-915-05-1 and 215-915-15-1 are superseded, so the subtopic no longer supplies any overview or scope for development stage entities.
  • 215-915-45-1 through 215-915-45-3 are superseded, removing the incremental statement of shareholder equity presentation requirements (inception-to-date equity transaction detail) previously imposed on development stage entities.
  • Because the subtopic is empty, entities formerly meeting the development stage entity definition present shareholder equity under the general guidance in ASC 215 and related presentation topics.
  • ASU 2014-10 eliminated the concept of a development stage entity from U.S. GAAP, so no separate inception-to-date equity disclosures are required.

For students. The only thing to know here is that this subtopic is entirely superseded by ASU 2014-10 — the development stage entity model no longer exists in U.S. GAAP. A common mistake is citing older textbook or pre-2014 exam material requiring cumulative inception-to-date equity and operating data for start-ups; that requirement is gone.

development stage entitysuperseded guidancestatement of shareholder equityinception-to-date informationequity presentation

Machine-generated study aid for ASC 215-915. Check the source paragraphs below.

215-915-00Status

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215-915-00-1
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Development Stage Entity Superseded Accounting Standards Update No. 2014-10 06/10/2014
915-215-05-1 Superseded Accounting Standards Update No. 2014-10 06/10/2014
915-215-15-1 Superseded Accounting Standards Update No. 2014-10 06/10/2014
915-215-45-1 through 45-3
 Superseded Accounting Standards Update No. 2014-10 06/10/2014

215-915-05Overview and Background

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215-915-15Scope and Scope Exceptions

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215-915-20Glossary

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215-915-45Other Presentation Matters

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Related subtopics