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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Development Stage Entity Superseded Accounting Standards Update No. 2014-10 06/10/2014
915-215-05-1 Superseded Accounting Standards Update No. 2014-10 06/10/2014
915-215-15-1 Superseded Accounting Standards Update No. 2014-10 06/10/2014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 Superseded Accounting Standards Update No. 2014-10 06/10/2014
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Every paragraph in this subtopic (215-915-05-1, 15-1, and 45-1 through 45-3) was superseded by ASU 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP.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":["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content of ASC 215-915 — Sections 05 (Overview and Background), 15 (Scope), and 45 (Other Presentation Matters) — is superseded by Accounting Standards Update No. 2014-10.","215-915-05-1 and 215-915-15-1 are superseded, so the subtopic no longer supplies any overview or scope for development stage entities.","215-915-45-1 through 215-915-45-3 are superseded, removing the incremental statement of shareholder equity presentation requirements (inception-to-date equity transaction detail) previously imposed on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."],"categories":["Presentation","Debt and equity","Financial statement presentation","Transition and effective dates"],"audience_level":"introductory","student_note":"The only thing to know here is that this subtopic is entirely superseded by ASU 2014-10 — the development stage entity model no longer exists in U.S. GAAP. 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