# ASC 235-915-05: Notes to Financial Statements — Development Stage Entities — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/235/915/#05-overview-and-background)

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): 2026-09-09T23:15:09.311Z to 2026-09-09T23:15:09.311Z

Record version: sha256:a8b93c67223fc9cd75bba3c0438f9d235f302e89ee49c85d57fc2e2a36c9e41b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 235-915-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/235/915/#05-overview-and-background)

SEC content: no

##### [235-915-05-1](https://asc.understandingaccounting.org/asc/235/915/#235-915-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:15:09.311Z to 2026-09-09T23:15:09.311Z

Record version: sha256:443a2797dfa2594b286c1999928c6d1b953d1a6c622e8a145a3941cba6d1d285

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/).