# ASC 430-926: Deferred Revenue — Entertainment—Films

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/430/926/)

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.

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## ASC 430-926: Deferred Revenue — Entertainment—Films

### Machine-generated study aids

```json
{
  "summary": "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 Every substantive paragraph in Sections 05, 15, and 25 was superseded by ASU 2014-09 (the revenue standard), so the subtopic contains no remaining guidance.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": [
    "All content in this subtopic (430-926-05-1, 430-926-15-1, and 430-926-25-1 through 25-3) was superseded by Accounting Standards Update No. 2014-09.",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    "Entities applying pre-ASU 2014-09 guidance during transition would look to the superseded text; entities under Topic 606 must not apply it."
  ],
  "categories": [
    "Revenue",
    "Industry-specific",
    "Transition and effective dates",
    "Presentation"
  ],
  "audience_level": "intermediate",
  "student_note": "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.",
  "related_topics": [
    "606",
    "926-605",
    "926-10",
    "430-10",
    "340-40"
  ],
  "key_concepts": [
    "deferred revenue",
    "contract liability",
    "film licensing",
    "superseded guidance",
    "advances from customers",
    "revenue recognition transition"
  ]
}
```

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## ASC 430-926-00: 00 Status

[Read section](https://asc.understandingaccounting.org/asc/430/926/#00-status)

SEC content: no

##### [430-926-00-1](https://asc.understandingaccounting.org/asc/430/926/#430-926-00-1)

Pending content: no

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The following table identifies the changes made to this Subtopic.

<table class="asc-table" id="SL51574553-203200"><tbody><tr><td class="entry"><strong class="ph b">Paragraph</strong></td><td class="entry"><strong class="ph b">Action</strong></td><td class="entry"><strong class="ph b">Accounting Standards Update</strong></td><td class="entry"><strong class="ph b">Date</strong></td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><strong class="ph b">Revenue</strong></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/430/926/#430-926-05-1" class="xref">926-430-05-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/430/926/#430-926-15-1" class="xref">926-430-15-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><div class="xref-range displayInline"><a href="https://asc.understandingaccounting.org/asc/430/926/#430-926-25-1" class="xref">926-430-25-1 through 25-3</a></div></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr></tbody></table>

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## ASC 430-926-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/430/926/#05-overview-and-background)

SEC content: no

##### [430-926-05-1](https://asc.understandingaccounting.org/asc/430/926/#430-926-05-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

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## ASC 430-926-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/430/926/#15-scope-and-scope-exceptions)

SEC content: no

##### [430-926-15-1](https://asc.understandingaccounting.org/asc/430/926/#430-926-15-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

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## ASC 430-926-20: 20 Glossary

[Read section](https://asc.understandingaccounting.org/asc/430/926/#20-glossary)

SEC content: no

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## ASC 430-926-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/430/926/#25-recognition)

SEC content: no

##### [430-926-25-1](https://asc.understandingaccounting.org/asc/430/926/#430-926-25-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [430-926-25-2](https://asc.understandingaccounting.org/asc/430/926/#430-926-25-2)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [430-926-25-3](https://asc.understandingaccounting.org/asc/430/926/#430-926-25-3)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).