ASC 430-928
Entertainment—Music
430 Deferred Revenue
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ASC 430-928 was the deferred revenue guidance for the music industry (Entertainment—Music), addressing when amounts received (e.g., minimum guarantees or advances under licensing arrangements) had to be deferred rather than recognized. Every paragraph in the subtopic — 430-928-05-1, 430-928-15-1, and 430-928-25-1 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). No substantive guidance remains; music-industry deferred revenue questions are now answered under ASC 606 and the music-specific guidance in ASC 928-606.
Key points (5)
- All three remaining paragraphs of this subtopic (430-928-05-1, 430-928-15-1, 430-928-25-1) are marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no operative content.
- Because the overview/background (Section 05), scope (Section 15), and recognition (Section 25) sections were all superseded, the subtopic cannot be applied to any transaction.
- Deferral of licensing advances, minimum guarantees, and similar music-industry receipts is now evaluated under the contract liability model of ASC 606, not under legacy deferred revenue guidance.
- Industry-specific music guidance that survived ASU 2014-09 resides in ASC 928, including ASC 928-606 for revenue from contracts with customers.
- The supersession took effect with the adoption dates of ASU 2014-09, so pre-adoption comparative periods may still reflect the legacy guidance.
For students. This subtopic is a shell: its only value is signaling that legacy music-industry deferred revenue rules were wholly replaced by ASC 606. The common mistake is citing 430-928 as live authority instead of tracing the question to ASC 606 and ASC 928-606.
Machine-generated study aid for ASC 430-928. Check the source paragraphs below.
430-928-00Status
Source downloaded: .Record version 86c8620efb35. Effective date must be checked in the source.
| Paragraph | Action | Accounting Standards Update | Date |
| License Agreements | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Minimum Guarantee | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Record Master | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 928-430-05-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 928-430-15-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 928-430-25-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
430-928-05Overview and Background
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430-928-15Scope and Scope Exceptions
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430-928-25Recognition
Source downloaded: .Record version 76604e5ff2a8. Effective date must be checked in the source.