# ASC 405-910: Liabilities — Contractors—Construction Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/405/910/) 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): 2026-09-10T00:16:06.424Z to 2026-09-10T00:16:15.597Z Record version: sha256:db21e4661c6322e0d3b578927353e8c9e49b9cac6bce6270105189b017462c4c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910: Liabilities — Contractors—Construction ### Machine-generated study aids ```json { "summary": "ASC 405-910 formerly provided liability guidance (offsetting/presentation and disclosure of advances, billings, and related contractor obligations) for construction contractors. Every paragraph in the subtopic — Sections 05, 15, 45, and 50 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). As a result, the subtopic contains no operative guidance; contract liabilities of construction contractors are now addressed under ASC 606 (and contract costs under ASC 340-40).", "key_points": [ "All content of ASC 405-910 was superseded by Accounting Standards Update No. 2014-09, including 405-910-05-1, 405-910-15-1, 405-910-45-1 and 45-2, and 405-910-50-1 and 50-2.", "Because Sections 05 (Overview and Background), 15 (Scope), 45 (Other Presentation Matters), and 50 (Disclosure) are all superseded, the subtopic imposes no current recognition, presentation, or disclosure requirements.", "Contractor obligations arising from customer contracts (for example, amounts billed or consideration received in advance of performance) are now accounted for as contract liabilities under ASC 606, with presentation guidance in 606-10-45-1 through 45-5.", "Legacy construction-contractor liability guidance formerly linked to ASC 605-35 should not be applied for periods after the adoption of ASU 2014-09.", "Researchers encountering citations to 405-910 in pre-2014-09 literature must map them to the corresponding ASC 606 (revenue) or ASC 340-40 (contract cost) guidance." ], "categories": [ "Presentation", "Disclosure", "Revenue", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "The only thing to know here is that this subtopic is entirely empty post-ASU 2014-09 — a common exam trap is citing legacy construction-contractor liability rules that no longer exist; go to ASC 606 for contract liabilities and ASC 340-40 for contract costs instead.", "related_topics": [ "606", "340-40", "605-35", "606-10", "405-20" ], "key_concepts": [ "superseded guidance", "construction contractors", "contract liability", "billings in excess of costs", "revenue from contracts with customers", "codification research" ] } ``` Source downloaded (UTC): 2026-09-10T00:16:06.424Z to 2026-09-10T00:16:06.424Z Record version: sha256:aede065a64c44b6af13b8ae2ce66d8dc6581f4e54c36089a342456c9828f6fee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/405/910/#00-status) SEC content: no ##### [405-910-00-1](https://asc.understandingaccounting.org/asc/405/910/#405-910-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:06.424Z to 2026-09-10T00:16:06.424Z Record version: sha256:66553a9cd0aaeb95584ad2fd3bc5b8b29c01f84926f4fc7c0385b84246c25d11 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
910-405-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-405-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-405-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-405-45-2SupersededAccounting Standards Update No. 2014-0905/28/2014
910-405-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-405-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:16:08.618Z to 2026-09-10T00:16:08.618Z Record version: sha256:fc0ed5ab1da3edb7fbd97379ccffc8bb768630c1a106ae8e57bcff12987763b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/405/910/#05-overview-and-background) SEC content: no ##### [405-910-05-1](https://asc.understandingaccounting.org/asc/405/910/#405-910-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:08.618Z to 2026-09-10T00:16:08.618Z Record version: sha256:5d8864679b9057d606c7dec3b1186777f760a9d88de2019e6b5e2fdce0604c82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:16:10.342Z to 2026-09-10T00:16:10.342Z Record version: sha256:361ce4a271a03c257ad7dd5cfd1f027a38c4829c1b5fcec2728a5806c75d7c63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/405/910/#15-scope-and-scope-exceptions) SEC content: no ##### [405-910-15-1](https://asc.understandingaccounting.org/asc/405/910/#405-910-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:10.342Z to 2026-09-10T00:16:10.342Z Record version: sha256:c36a317a028c6cfe026920d4e219e92b9344d19bfa92683254f826cf2908924c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:16:12.355Z to 2026-09-10T00:16:12.355Z Record version: sha256:baa9f9ee8b6c4a3c3ba47e75d1d66ff127bf3d23757f354f4c411e1102969524 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/405/910/#45-other-presentation-matters) SEC content: no ##### [405-910-45-1](https://asc.understandingaccounting.org/asc/405/910/#405-910-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:12.355Z to 2026-09-10T00:16:12.355Z Record version: sha256:ceca80f484916bed70d65af4b24401696ada3b0e908f79f6c1d304219a5d2a8a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [405-910-45-2](https://asc.understandingaccounting.org/asc/405/910/#405-910-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:12.355Z to 2026-09-10T00:16:12.355Z Record version: sha256:a6e0167fe9dc0da51e03ee821d6f002aebef73e7724753b09d2801e870c494f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:16:15.597Z to 2026-09-10T00:16:15.597Z Record version: sha256:8a4be55775b3b13c63b87d6b823d6dfcfa6e5d5d8f684c85e34a140f46d83ebc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 405-910-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/405/910/#50-disclosure) SEC content: no ##### [405-910-50-1](https://asc.understandingaccounting.org/asc/405/910/#405-910-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:15.597Z to 2026-09-10T00:16:15.597Z Record version: sha256:970fc892b7265f0267ac03a6989bc5258342919e63613b5512cd3e5328745c67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [405-910-50-2](https://asc.understandingaccounting.org/asc/405/910/#405-910-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:16:15.597Z to 2026-09-10T00:16:15.597Z Record version: sha256:a46d62c142e48b686e3d60a26728ef6da83754eeafecfbafd8acc73c569ad342 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).