# ASC 235-915: Notes to Financial Statements — Development Stage Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/235/915/) 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): 2026-09-09T23:15:05.293Z to 2026-09-09T23:15:17.796Z Record version: sha256:6d4ad8168be1885115d8ed8799c01ef1e32057835ae160a57742e82962fcee89 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-915: Notes to Financial Statements — Development Stage Entities ### Machine-generated study aids ```json { "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 Every paragraph in it (Sections 05, 15, and 50) was superseded by Accounting Standards Update No. 2014-10, which eliminated the development stage entity reporting concept from U.S. GAAP. As a result, there are no remaining requirements under ASC 235-915.", "key_points": [ "All content of this subtopic is superseded: 235-915-05-1, 235-915-15-1, 235-915-50-1, and 235-915-50-2 were each superseded by Accounting Standards Update No. 2014-10.", "Because the paragraphs are superseded, there is no incremental notes-to-financial-statements disclosure required of an entity merely because it is in a development stage.", "Entities formerly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development stage entity concept from the Codification; readers should consult ASC 915 for the related transition and superseded-topic history."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 exists in U.S. GAAP after ASU 2014-10; the common mistake is citing this subtopic (or ASC 915) as live authority for inception-to-date and development-stage disclosures when start-up companies now follow the ordinary disclosure rules in ASC 235-10.", "related_topics": [ "235-10", "915", "915-10", "810-10", "275" ], "key_concepts": [ "development stage entity", "superseded guidance", "significant accounting policies disclosure", "notes to financial statements", "inception-to-date information" ] } ``` Source downloaded (UTC): 2026-09-09T23:15:05.293Z to 2026-09-09T23:15:05.293Z Record version: sha256:e37981a94253c86761919a68374b643a1ce961f615a07a75cefd9393faf78184 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-915-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/235/915/#00-status) SEC content: no ##### [235-915-00-1](https://asc.understandingaccounting.org/asc/235/915/#235-915-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:15:05.293Z to 2026-09-09T23:15:05.293Z Record version: sha256:4a65a834809a4ef80362b9d4684d871dc33348dc61f0d58d145885e32e6fe5ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

Development Stage Entity	Superseded	Accounting Standards Update No. 2014-10	06/10/2014

915-235-05-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014
915-235-15-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014
915-235-50-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014
915-235-50-2	Superseded	Accounting Standards Update No. 2014-10	06/10/2014

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/). Source downloaded (UTC): 2026-09-09T23:15:12.686Z to 2026-09-09T23:15:12.686Z Record version: sha256:2b40e3bb46bcb54f125d0b116237bee4c3501a22742cb62d1121f9d293b08350 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-915-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/235/915/#15-scope-and-scope-exceptions) SEC content: no ##### [235-915-15-1](https://asc.understandingaccounting.org/asc/235/915/#235-915-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:15:12.686Z to 2026-09-09T23:15:12.686Z Record version: sha256:8284814ec0003ade2fedfd3f8e3364fd209467ccad760fe2660c9dbe2e0f9488 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/). Source downloaded (UTC): 2026-09-09T23:15:15.670Z to 2026-09-09T23:15:15.670Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-915-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/235/915/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T23:15:17.796Z to 2026-09-09T23:15:17.796Z Record version: sha256:e023c53d275b89c03a0dc14ccf33b0b00b5e6508390207557c6f5bea6bdbbc0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-915-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/235/915/#50-disclosure) SEC content: no ##### [235-915-50-1](https://asc.understandingaccounting.org/asc/235/915/#235-915-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:15:17.796Z to 2026-09-09T23:15:17.796Z Record version: sha256:64e738a75840429510ff56271a3232c0a512d31496e2c465acca554c3b63a7aa 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/). ##### [235-915-50-2](https://asc.understandingaccounting.org/asc/235/915/#235-915-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:15:17.796Z to 2026-09-09T23:15:17.796Z Record version: sha256:a1b572f20e62f7f7eabf83c49ec392b772bd8a3fe815da73392f989516b6af1c 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/).