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Paragraph Action Accounting Standards Update Date
910-235-05-1 Superseded Maintenance Update No. 2019-01 (PDF) 01/08/2019
910-235-15-1 Superseded Maintenance Update No. 2019-01 (PDF) 01/08/2019
910-235-50-1 Superseded Maintenance Update No. 2019-01 (PDF) 01/08/2019
910-235-50-2 Superseded Maintenance Update No. 2019-01 (PDF) 01/08/2019
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Every paragraph in the subtopic (05-1, 15-1, 50-1 and 50-2) was superseded by Maintenance Update No. 2019-01, so the subtopic now contains no operative guidance. Contractors instead look to the general accounting policy disclosure requirements of ASC 235-10 and to the revenue disclosures in ASC 606.","key_points":["All content of ASC 235-910 — paragraphs 235-910-05-1, 235-910-15-1, 235-910-50-1 and 235-910-50-2 — was superseded by Maintenance Update No. 2019-01, leaving no effective requirements in this subtopic.","Because the industry-specific overlay is gone, construction contractors apply the general summary-of-significant-accounting-policies requirements in ASC 235-10-50.","Disclosure of revenue recognition policies and contract balances for construction-type contracts is now governed by ASC 606, principally 606-10-50, rather than by 235-910.","The supersession is a housekeeping/codification-cleanup change tied to the shift from ASC 605-35 legacy contract accounting to ASC 606; it does not by itself eliminate the substantive obligation to disclose policies.","Citations to 235-910 in older literature, textbooks or audit programs should be updated, as the subtopic is retained in the Codification only as a shell of superseded paragraphs."],"categories":["Disclosure","Presentation","Industry-specific","Transition and effective dates"],"audience_level":"introductory","student_note":"This subtopic is a dead end: nothing in it is operative, so the exam-relevant point is knowing where the guidance moved (ASC 235-10 for policy disclosures, ASC 606 for contract revenue disclosures). 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