ASC 430-972

Real Estate—Common Interest Realty Associations

430 Deferred Revenue

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Source downloaded: 2026-09-10T00:25:14.017Z.Record version 0e9aae9d6d16. Effective date must be checked in the source.

In brief

IntermediateRevenue Recognition Industry-specific Transition and effective dates

ASC 430-972 was the deferred revenue guidance for common interest realty associations (CIRAs) — e.g., condominium and homeowners' associations — addressing when assessments and similar member charges collected in advance had to be deferred rather than recognized. All of its substantive paragraphs (05-1, 15-1, 25-1) were superseded by ASU 2014-09, so the subtopic is now an empty shell. CIRA revenue and deferral questions are instead resolved under ASC 606 and the related contract liability guidance.

Key points (4)

Every remaining paragraph in this subtopic — 430-972-05-1 (overview), 430-972-15-1 (scope), and 430-972-25-1 (recognition) — is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'
Because the guidance was superseded by ASU 2014-09, deferred revenue for common interest realty associations is now analyzed under ASC 606 as a contract liability rather than under industry-specific Topic 430 guidance.
The subtopic retains no recognition, measurement, presentation, or disclosure requirements; citing it as authoritative support is incorrect for periods after the ASU 2014-09 effective date.
Related CIRA industry guidance that survives is found in Topic 972, not in this deferred revenue subtopic.

For students. The practical lesson is a research lesson: a subtopic can still appear in the Codification while containing nothing but superseded paragraphs. Students often quote 430-972 for HOA/condo association assessments collected in advance, when the correct authority is now ASC 606's contract liability guidance together with Topic 972.

deferred revenue common interest realty association contract liability superseded guidance member assessments revenue recognition

Machine-generated study aid for ASC 430-972. Check the source paragraphs below.

430-972-00Status

Source downloaded: 2026-09-10T00:25:02.364Z.Record version bb8791c75480. Effective date must be checked in the source.

430-972-00-1

The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

Common Interest Realty Association	Superseded	Accounting Standards Update No. 2014-09	05/28/2014

972-430-05-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
972-430-15-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
972-430-25-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014