# ASC 235-910: Notes to Financial Statements — Contractors—Construction Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/235/910/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:14:39.794Z to 2026-09-09T23:14:49.098Z Record version: sha256:3f48b653b335ae5d52a08e90c7653abfe0e68424efc4de0d42f7301c29618d29 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-910: Notes to Financial Statements — Contractors—Construction ### Machine-generated study aids ```json { "summary": "ASC 235-910 was the construction-contractor industry supplement to ASC 235 on notes to financial statements, which required disclosure of the accounting policies used for construction-type contracts. Every paragraph in the subtopic (05-1, 15-1, 50-1 and 50-2) was superseded by Maintenance Update No. 2019-01, so the subtopic now contains no operative guidance.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[ "All content of ASC 235-910 — paragraphs 235-910-05-1, 235-910-15-1, 235-910-50-1 and 235-910-50-2 — was superseded by Maintenance Update No. 2019-01, leaving no effective requirements in this subtopic.", "Because the industry-specific overlay is gone, construction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textbooks or audit programs should be updated, as the subtopic is retained in the Codification only as a shell of superseded paragraphs."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). The common mistake is citing 235-910 as if it still imposed special contractor disclosure requirements.", "related_topics": [ "235-10", "606-10", "605-35", "910-10", "910-235" ], "key_concepts": [ "superseded guidance", "notes to financial statements", "summary of significant accounting policies", "construction-type contracts", "industry-specific disclosure", "accounting policy disclosure" ] } ``` Source downloaded (UTC): 2026-09-09T23:14:39.794Z to 2026-09-09T23:14:39.794Z Record version: sha256:ca648f1bdf1a97e82e6d7e712cf6e5419edaa9e921c3753a6f113fd69327647b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-910-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/235/910/#00-status) SEC content: no ##### [235-910-00-1](https://asc.understandingaccounting.org/asc/235/910/#235-910-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:14:39.794Z to 2026-09-09T23:14:39.794Z Record version: sha256:5eb43ef984d3e3848c8d8e833e13c0103f58fd8ef0b66d868104682332ba8e72 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
910-235-05-1SupersededMaintenance Update No. 2019-01 (PDF)01/08/2019
910-235-15-1SupersededMaintenance Update No. 2019-01 (PDF)01/08/2019
910-235-50-1SupersededMaintenance Update No. 2019-01 (PDF)01/08/2019
910-235-50-2SupersededMaintenance Update No. 2019-01 (PDF)01/08/2019
Source downloaded (UTC): 2026-09-09T23:14:43.097Z to 2026-09-09T23:14:43.097Z Record version: sha256:4e85f8c2a118d6d8074f1f9e02f90d99afc6f0e79afc5a54df81ddbcbf9c2f78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-910-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/235/910/#05-overview-and-background) SEC content: no ##### [235-910-05-1](https://asc.understandingaccounting.org/asc/235/910/#235-910-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:14:43.097Z to 2026-09-09T23:14:43.097Z Record version: sha256:725e086356fb0def288f49033496bc8fb118f6ddcde0fefde3f70c2f3ca56b4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update No. 2019-01.](https://asc.understandingaccounting.org/updates/maintenance-updates-2019/) Source downloaded (UTC): 2026-09-09T23:14:45.811Z to 2026-09-09T23:14:45.811Z Record version: sha256:f84c969cc4a57306b74a2f590e8fba4df73fc31ab0a538f63357ba3f19a2d663 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-910-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/235/910/#15-scope-and-scope-exceptions) SEC content: no ##### [235-910-15-1](https://asc.understandingaccounting.org/asc/235/910/#235-910-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:14:45.811Z to 2026-09-09T23:14:45.811Z Record version: sha256:a07e48c0799967cf844d8ddddd504b1144a550629da26e702d8377064a10143e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update No. 2019-01.](https://asc.understandingaccounting.org/updates/maintenance-updates-2019/) Source downloaded (UTC): 2026-09-09T23:14:49.098Z to 2026-09-09T23:14:49.098Z Record version: sha256:f716fdf30a5336b637ffa3b1d7ccc506c63bbaef6de60b3de3faa0df37fa6e12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-910-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/235/910/#50-disclosure) SEC content: no ##### [235-910-50-1](https://asc.understandingaccounting.org/asc/235/910/#235-910-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:14:49.098Z to 2026-09-09T23:14:49.098Z Record version: sha256:b98eec3ad3428a9384ddec6934e073c1c0935d76a7d8a955cfcc4e720b106d4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update No. 2019-01.](https://asc.understandingaccounting.org/updates/maintenance-updates-2019/) ##### [235-910-50-2](https://asc.understandingaccounting.org/asc/235/910/#235-910-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:14:49.098Z to 2026-09-09T23:14:49.098Z Record version: sha256:a4363f156ecabd807d9a0785257036611071dc4fbc9d0007d42e8b16a6455408 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update No. 2019-01.](https://asc.understandingaccounting.org/updates/maintenance-updates-2019/)