{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/225/912/","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","number":"225-912","topic":"225","title":"Contractors—Federal Government","area":"Presentation","paragraphs":7,"summary":"ASC 225-912 formerly provided income statement presentation guidance for contractors with the federal government (a subtopic of the legacy Income Statement topic). Every paragraph in the subtopic — Overview and Background (05), Scope (15), and Other Presentation Matters (45) — was superseded by Maintenance Update 2017-19, so the subtopic contains no operative guidance. 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class=\"entry\"> <strong class=\"ph b\">Accounting Standards Update</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Date</strong> </td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-05-1\" class=\"xref\">912-225-05-1</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/asc-pdf/GUID-CE689F3C-8CB3-4F0C-9F3C-EEEF5ED9D6A5.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2017-19 (PDF)</a> </td> <td class=\"entry\">11/15/2017</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-05-1\" class=\"xref\">912-225-05-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a> </td> <td class=\"entry\">05/28/2014</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-1\" class=\"xref\">912-225-45-1</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/asc-pdf/GUID-CE689F3C-8CB3-4F0C-9F3C-EEEF5ED9D6A5.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2017-19 (PDF)</a> </td> <td class=\"entry\">11/15/2017</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-1\" class=\"xref\">912-225-45-1</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a> </td> <td class=\"entry\">05/28/2014</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-2\" class=\"xref\">912-225-45-2</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/asc-pdf/GUID-CE689F3C-8CB3-4F0C-9F3C-EEEF5ED9D6A5.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2017-19 (PDF)</a> </td> <td class=\"entry\">11/15/2017</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-2\" class=\"xref\">912-225-45-2</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a> </td> <td class=\"entry\">05/28/2014</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-3\" class=\"xref\">912-225-45-3</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/asc-pdf/GUID-CE689F3C-8CB3-4F0C-9F3C-EEEF5ED9D6A5.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2017-19 (PDF)</a> </td> <td class=\"entry\">11/15/2017</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-4\" class=\"xref\">912-225-45-4</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/asc-pdf/GUID-CE689F3C-8CB3-4F0C-9F3C-EEEF5ED9D6A5.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2017-19 (PDF)</a> </td> <td class=\"entry\">11/15/2017</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/225/912/#225-912-45-4\" class=\"xref\">912-225-45-4</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a> </td> <td class=\"entry\">05/28/2014</td> </tr> </table> </div> </div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n912-225-05-1 | Superseded | Maintenance Update 2017-19 | 11/15/2017 |\n912-225-05-1 | Ame…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9d8cf64b891da584e4a9890f8bea074a7c2021fd295769555ec60d96e1827a9","downloaded_from":"2026-09-09T23:09:01.316Z","last_downloaded_at":"2026-09-09T23:09:01.316Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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Every paragraph in the subtopic — Overview and Background (05), Scope (15), and Other Presentation Matters (45) — was superseded by Maintenance Update 2017-19, so the subtopic contains no operative guidance. Presentation questions for federal government contractors are now addressed under the revenue and other applicable topics rather than here.","key_points":["All content of this subtopic is superseded: 225-912-05-1, 225-912-15-1, and 225-912-45-1 through 225-912-45-4 were each removed by Maintenance Update 2017-19.","Because no paragraphs remain in force, ASC 225-912 imposes no recognition, measurement, presentation, or disclosure requirements.","The supersession is part of the broader replacement of legacy industry revenue and contract guidance following ASU 2014-09 (ASC 606) and related maintenance updates.","Federal government contractors should look to ASC 606 (and industry subtopic 912 guidance retained elsewhere) for revenue and income statement presentation of contract results.","Superseded paragraphs are retained in the Codification only as historical markers and must not be cited as authoritative support."],"categories":["Presentation","Industry-specific","Transition and effective dates","Financial statement presentation"],"audience_level":"intermediate","student_note":"Practically, this subtopic is a dead end — a common mistake is citing a superseded paragraph found through a keyword search; always check the \"superseded by\" tag before relying on Codification text. For federal contractor revenue and presentation, go to ASC 606 and the remaining 912 subtopics.","related_topics":["606","912","912-605","340-40","220"],"key_concepts":["superseded guidance","federal government contractors","income statement presentation","industry-specific guidance","codification housekeeping"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a60af3fbe27d219264a525e7ab5d00dab95fc92604480f69159185f8469ac8a","downloaded_from":"2026-09-09T23:09:01.316Z","last_downloaded_at":"2026-09-09T23:09:08.768Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"235-912","title":"Contractors—Federal Government","topic_title":"Notes to Financial 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