# ASC 430-928: Deferred Revenue — Entertainment—Music Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/430/928/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:24:14.561Z to 2026-09-10T00:24:22.885Z Record version: sha256:a69c8ce0459beba2c2282da9eaec21538b9d4c801a81a22b81400230d4030e0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-928: Deferred Revenue — Entertainment—Music ### Machine-generated study aids ```json { "summary": "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 Every paragraph in the subtopic — 430-928-05-1, 430-928-15-1, and 430-928-25-1 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers).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": [ "All three remaining paragraphs of this subtopic (430-928-05-1, 430-928-15-1, 430-928-25-1) are marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no operative content.", "Because the overview/background (Section 05), scope (Section 15), and recognition (Section 25) sections were all superseded, the subtopic cannot be applied to any transaction.", "Deferral of licensing advances, minimum guarantees, and similar music-industry receipts is now evaluated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." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "introductory", "student_note": "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.", "related_topics": [ "606", "928", "928-606", "430", "340-40", "605" ], "key_concepts": [ "deferred revenue", "superseded guidance", "music industry", "licensing advances", "minimum guarantees", "contract liability" ] } ``` Source downloaded (UTC): 2026-09-10T00:24:14.561Z to 2026-09-10T00:24:14.561Z Record version: sha256:86c8620efb356d86d487fb321e7f2141a8d39c1f1fb63df9daf83804b68728e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-928-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/430/928/#00-status) SEC content: no ##### [430-928-00-1](https://asc.understandingaccounting.org/asc/430/928/#430-928-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:14.561Z to 2026-09-10T00:24:14.561Z Record version: sha256:62f19d82d9d0e2ed95ff45ee2d70689dad44d0eb7d80568ee97ca302031c3ac7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
License AgreementsSupersededAccounting Standards Update No. 2014-0905/28/2014
Minimum GuaranteeSupersededAccounting Standards Update No. 2014-0905/28/2014
Record MasterSupersededAccounting Standards Update No. 2014-0905/28/2014
928-430-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
928-430-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
928-430-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:24:16.256Z to 2026-09-10T00:24:16.256Z Record version: sha256:1bca118c5668f126821946a9fdeaa5357c816ca5e4b1f87baca6f9fc9adc54b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-928-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/430/928/#05-overview-and-background) SEC content: no ##### [430-928-05-1](https://asc.understandingaccounting.org/asc/430/928/#430-928-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:16.256Z to 2026-09-10T00:24:16.256Z Record version: sha256:ea0f1d0bc75374e83840ee54f7b4122efa1fc673bbc79fce9efb66cbb9513953 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:24:20.354Z to 2026-09-10T00:24:20.354Z Record version: sha256:3e4a98cd93daec0334cce8e23aea2eca3ccd80afa69b656ebb0cb5b00b0f56ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-928-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/430/928/#15-scope-and-scope-exceptions) SEC content: no ##### [430-928-15-1](https://asc.understandingaccounting.org/asc/430/928/#430-928-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:20.354Z to 2026-09-10T00:24:20.354Z Record version: sha256:ad7e48beea7d26e0eaecabe5d4e22fd59d72ca30c11cf7d198d33130a39a65b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:24:22.885Z to 2026-09-10T00:24:22.885Z Record version: sha256:76604e5ff2a8621d95792871297f0b3c1b0d39c7d9bad1936975a6468e0837e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-928-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/430/928/#25-recognition) SEC content: no ##### [430-928-25-1](https://asc.understandingaccounting.org/asc/430/928/#430-928-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:22.885Z to 2026-09-10T00:24:22.885Z Record version: sha256:c1424270cd3d5cada82644f7b8739bdbb8ee205e9953735d340bea43d002d53f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).