ASC 430-10
Overall
430 Deferred Revenue
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ASC 430-10 is now only a signpost: it contains no substantive recognition or measurement rules of its own. Its single remaining paragraph (430-10-05-1) directs readers to Topic 606 for guidance on deferred revenue and contract liabilities. The former recognition and relationship paragraphs (430-10-25-1 and 430-10-60-1) were superseded by ASU 2014-09.
Key points (5)
- ASC 430-10 provides only a link to other guidance; it contains no independent accounting requirements (430-10-05-1).
- Accounting for deferred revenue and contract liabilities is governed by Topic 606, Revenue from Contracts with Customers (430-10-05-1).
- The former recognition guidance in 430-10-25-1 was superseded by Accounting Standards Update No. 2014-09.
- The former related-guidance paragraph 430-10-60-1 was likewise superseded by ASU 2014-09.
- Because the substantive content moved to Topic 606, a liability for consideration received before performance is presented as a contract liability under that Topic rather than under Topic 430.
For students. Don't waste time hunting for rules in ASC 430 — after ASU 2014-09 it is an empty shell that merely points to Topic 606. The common misunderstanding is assuming "deferred revenue" still has its own standalone recognition guidance; today the analysis (and the label "contract liability") comes from ASC 606.
Machine-generated study aid for ASC 430-10. Check the source paragraphs below.
430-10-00Status
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| Paragraph | Action | Accounting Standards Update | Date |
| Contract | Added | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Contract Liability | Added | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Customer | Added | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Revenue | Added | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 430-10-05-1 | Amended | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 430-10-25-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 430-10-60-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
430-10-05Overview and Background
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430-10-20Glossary
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430-10-25Recognition
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430-10-60Relationships
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