{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/430/10/#05-overview-and-background","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.","topic":"430","topic_title":"Deferred Revenue","subtopic":"430-10","subtopic_title":"Overall","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"430-10-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic only provides a link to guidance on deferred <a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>revenue</span></a> <span class=\"sfragment\" id=\"sfr_57A5CBBD-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">and <a href=\"/glossary/c/#contract-liability\" class=\"term\" title=\"An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.\"><span>contract liabilities</span></a>. See Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a> on revenue from <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contracts</span></a> with <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customers</span></a> for further guidance.</span></span></div></div>","snippet":"This Subtopic only provides a link to guidance on deferred revenue and contract liabilities. See Topic 606 on revenue from contracts with customers for further guidance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6a2ef5a061868e2f3c2b13496447889bcb46e982ced3e978a2263779185650b","downloaded_from":"2026-09-10T00:23:30.302Z","last_downloaded_at":"2026-09-10T00:23:30.302Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483376","source_sha256":"5e622649e49d697cb1b71c2b6020a2d5c15a1be9032f79a2bc360efbcb34dc27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c254a3888fa62146cd2448a1ac19508aa1e9bd7680a7627e40a6348057f1300d","downloaded_from":"2026-09-10T00:23:30.302Z","last_downloaded_at":"2026-09-10T00:23:30.302Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483376","source_sha256":"5e622649e49d697cb1b71c2b6020a2d5c15a1be9032f79a2bc360efbcb34dc27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de03cbef529e6fe3ae4e66726a7b2a8c4766f0c4f9931ffbc15f572ce7df37da","downloaded_from":"2026-09-10T00:23:30.302Z","last_downloaded_at":"2026-09-10T00:23:30.302Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483376","source_sha256":"5e622649e49d697cb1b71c2b6020a2d5c15a1be9032f79a2bc360efbcb34dc27"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de03cbef529e6fe3ae4e66726a7b2a8c4766f0c4f9931ffbc15f572ce7df37da","downloaded_from":"2026-09-10T00:23:30.302Z","last_downloaded_at":"2026-09-10T00:23:30.302Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483376","source_sha256":"5e622649e49d697cb1b71c2b6020a2d5c15a1be9032f79a2bc360efbcb34dc27"}}