ASC

ASC 310-920

Entertainment—Broadcasters

310 Receivables

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In brief

IntroductoryRevenueRecognitionIndustry-specificTransition and effective dates

ASC 310-920 formerly provided industry-specific guidance on receivables arising in broadcasting arrangements. Both of its substantive paragraphs — the overview/background paragraph (310-920-05-1) and the recognition paragraph (310-920-25-1) — were superseded by ASU No. 2014-09 (Revenue from Contracts with Customers). As a result, the subtopic contains no remaining operative guidance.

Key points (5)
  • 310-920-05-1 (background/overview for broadcaster receivables) was superseded by Accounting Standards Update No. 2014-09.
  • 310-920-25-1 (recognition guidance for broadcaster receivables) was superseded by Accounting Standards Update No. 2014-09.
  • Because both paragraphs are superseded, ASC 310-920 imposes no current recognition or measurement requirements for broadcaster receivables.
  • Recognition of revenue and related receivables for broadcasters is now governed by ASC 606, Revenue from Contracts with Customers, as amended by ASU 2014-09.
  • Entities still applying pre-ASU 2014-09 guidance (for periods before adoption) would look to the superseded text, but ASU 2014-09 is now fully effective for all entities.

For students. This subtopic is a shell: everything in it was superseded by the revenue standard, so a student should not cite it as live guidance. The common mistake is treating an "empty" ASC location as meaning no guidance exists — instead, look to ASC 606 (and ASC 926/920 for other broadcaster matters).

broadcaster receivablesbarter transactionssuperseded guidancerevenue from contracts with customersindustry-specific receivables

Machine-generated study aid for ASC 310-920. Check the source paragraphs below.

310-920-00Status

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310-920-00-1
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BarterSupersededAccounting Standards Update No. 2014-0905/28/2014
920-310-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-310-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014

310-920-05Overview and Background

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310-920-25Recognition

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Related subtopics