{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/235/915/","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":"235-915","topic":"235","title":"Development Stage Entities","area":"Presentation","paragraphs":5,"summary":"This subtopic formerly required development stage entities to disclose their accounting policies and their development stage status within the notes to the financial statements. Every paragraph in it (Sections 05, 15, and 50) was superseded by Accounting Standards Update No. 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP. 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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\"><strong class=\"ph b\">Development Stage Entity</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</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/235/915/#235-915-05-1\" class=\"xref\">915-235-05-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/235/915/#235-915-15-1\" class=\"xref\">915-235-15-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/235/915/#235-915-50-1\" class=\"xref\">915-235-50-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/235/915/#235-915-50-2\" class=\"xref\">915-235-50-2</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nDevelopment Stage Entity | Superseded | Accounting Standards 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Every paragraph in it (Sections 05, 15, and 50) was superseded by Accounting Standards Update No. 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP. As a result, there are no remaining requirements under ASC 235-915.","key_points":["All content of this subtopic is superseded: 235-915-05-1, 235-915-15-1, 235-915-50-1, and 235-915-50-2 were each superseded by Accounting Standards Update No. 2014-10.","Because the paragraphs are superseded, there is no incremental notes-to-financial-statements disclosure required of an entity merely because it is in a development stage.","Entities formerly within this scope apply the general accounting policy disclosure requirements of ASC 235-10 like any other reporting entity.","The superseding guidance (ASU 2014-10) removed the development stage entity concept from the Codification; readers should consult ASC 915 for the related transition and superseded-topic history."],"categories":["Disclosure","Presentation","Transition and effective dates","Financial statement presentation"],"audience_level":"introductory","student_note":"The takeaway is simply that development stage entity reporting no longer 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Sheet","score":0.9373,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4c34ba0ebe65e20716f0e068cb4fad077256b63c186cb7222b8b7b6c9b32ddf","downloaded_from":"2026-09-09T22:59:54.936Z","last_downloaded_at":"2026-09-09T23:00:06.175Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"225-915","title":"Development Stage Entities","topic_title":"Income Statement","score":0.9362,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79ef70e2dab09ecfcf81f5cf00aa069c53f38b85dfebc66c3787a3dd6f3b77fa","downloaded_from":"2026-09-09T23:09:10.440Z","last_downloaded_at":"2026-09-09T23:09:21.836Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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Costs","score":0.865,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ac8efe5b3fdfe02670fae68f25a010a91d9b17cd97e51b2232436e9685a6ad4","downloaded_from":"2026-09-09T23:56:51.161Z","last_downloaded_at":"2026-09-09T23:57:08.174Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"235-912","title":"Contractors—Federal Government","topic_title":"Notes to Financial 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