ASC 430-926
Entertainment—Films
430 Deferred Revenue
Source downloaded: .Record version e3a8aea4277d. Effective date must be checked in the source.
This subtopic formerly addressed deferred revenue (advances and license fees received before recognition) for entertainment—films entities. Every substantive paragraph in Sections 05, 15, and 25 was superseded by ASU 2014-09 (the revenue standard), so the subtopic contains no remaining guidance. Film-related contract liabilities are now accounted for under ASC 606 and ASC 926-605/926-10 as amended.
Key points (4)
- All content in this subtopic (430-926-05-1, 430-926-15-1, and 430-926-25-1 through 25-3) was superseded by Accounting Standards Update No. 2014-09.
- No recognition, measurement, or disclosure requirements remain in ASC 430-926; it is a shell retained for cross-reference and transition purposes.
- Amounts a film entity receives before satisfying its performance obligations are now presented as contract liabilities under ASC 606-10-45-1 through 45-2 rather than under legacy film deferred revenue guidance.
- Entities applying pre-ASU 2014-09 guidance during transition would look to the superseded text; entities under Topic 606 must not apply it.
For students. The practical lesson is that ASU 2014-09 wiped out industry-specific deferred revenue rules for films; the common mistake is citing ASC 430-926 as live authority when the answer now lies in ASC 606's contract liability model.
Machine-generated study aid for ASC 430-926. Check the source paragraphs below.
430-926-00Status
Source downloaded: .Record version 23eb5d5c1231. Effective date must be checked in the source.
| Paragraph | Action | Accounting Standards Update | Date |
| Revenue | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 926-430-05-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 926-430-15-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
430-926-05Overview and Background
Source downloaded: .Record version f663bdcdccf5. Effective date must be checked in the source.
430-926-15Scope and Scope Exceptions
Source downloaded: .Record version c74c9f4fae42. Effective date must be checked in the source.
430-926-20Glossary
Source downloaded: .Record version bf80daccfc71. Effective date must be checked in the source.
430-926-25Recognition
Source downloaded: .Record version 124dd00b3af5. Effective date must be checked in the source.