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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Development Stage EntitySupersededAccounting Standards Update No. 2014-1006/10/2014
915-230-05-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-230-15-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-230-45-1SupersededAccounting Standards Update No. 2014-1006/10/2014
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Every paragraph in the subtopic (230-915-05-1, 15-1, and 45-1) was superseded by ASU 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP. As a result, entities formerly in the development stage now prepare a statement of cash flows under ASC 230 exactly like any other entity, with no cumulative-since-inception column.","key_points":["All content of ASC 230-915 — paragraphs 230-915-05-1, 230-915-15-1, and 230-915-45-1 — has been superseded by Accounting Standards Update No. 2014-10.","ASU 2014-10 removed the incremental reporting requirements unique to development stage entities, including the inception-to-date cash flow information previously required by 230-915-45-1.","Because the subtopic is empty, a development stage entity's cash flow statement is governed solely by the general requirements of ASC 230 (operating, investing, and financing classifications).","No scope guidance remains in 230-915-15, so there is no separate class of entity to which special cash flow presentation applies.","Students should treat this subtopic as historical: it is retained in the Codification only as a superseded shell for reference and transition purposes."],"categories":["Presentation","Cash flows","Transition and effective dates","Financial statement presentation"],"audience_level":"introductory","student_note":"The takeaway is simply that development stage entity reporting no longer exists: ASU 2014-10 wiped out the inception-to-date cash flow column. The common mistake is citing old pre-2014 guidance or textbooks that still require cumulative-since-inception disclosures for start-up companies.","related_topics":["230","915","205-40","275"],"key_concepts":["development stage entity","superseded guidance","inception-to-date information","statement of cash flows","cumulative amounts since inception","presentation requirements"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:006877141c2d8f0a6a453655ff1b904dd48769a4197ca505b80f0827d6bf64a1","downloaded_from":"2026-09-09T23:12:12.874Z","last_downloaded_at":"2026-09-09T23:12:23.520Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"225-915","title":"Development Stage Entities","topic_title":"Income 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