# ASC 430-972: Deferred Revenue — Real Estate—Common Interest Realty Associations Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/430/972/) 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): 2026-09-10T00:25:02.364Z to 2026-09-10T00:25:14.017Z Record version: sha256:0e9aae9d6d16dace906f50ee8e7aaefc53f84591dc669ca0a9936b5bc03ac558 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972: Deferred Revenue — Real Estate—Common Interest Realty Associations ### Machine-generated study aids ```json { "summary": "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 All of its substantive paragraphs (05-1, 15-1, 25-1) were superseded by ASU 2014-09, so the subtopic is now an empty shell.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": [ "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in this subtopic — 430-972-05-1 (overview), 430-972-15-1 (scope), and 430-972-25-1 (recognition) — is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because the guidance was superseded by ASU 2014-09, deferred revenue for common interest realty associations is now analyzed under ASC 606 as a contract liability rather than under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." ], "categories": [ "Revenue", "Recognition", "Industry-specific", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "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.", "related_topics": [ "606", "972", "430", "340-40", "605" ], "key_concepts": [ "deferred revenue", "common interest realty association", "contract liability", "superseded guidance", "member assessments", "revenue recognition" ] } ``` Source downloaded (UTC): 2026-09-10T00:25:02.364Z to 2026-09-10T00:25:02.364Z Record version: sha256:bb8791c7548065932aacd039df4f91c22f60c223a54a8c3fe423f31984a044d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/430/972/#00-status) SEC content: no ##### [430-972-00-1](https://asc.understandingaccounting.org/asc/430/972/#430-972-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:02.364Z to 2026-09-10T00:25:02.364Z Record version: sha256:3cf9627c4d92789cedcf05eeac9aad7d9740a4a54e704cbc04d5424f1e9b6c78 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
Common Interest Realty AssociationSupersededAccounting Standards Update No. 2014-0905/28/2014
972-430-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-430-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
972-430-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:25:05.143Z to 2026-09-10T00:25:05.143Z Record version: sha256:7c868583e5a96a1160e0cab0e6475294858c5aad24b566e2070bb9464b653f50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/430/972/#05-overview-and-background) SEC content: no ##### [430-972-05-1](https://asc.understandingaccounting.org/asc/430/972/#430-972-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:05.143Z to 2026-09-10T00:25:05.143Z Record version: sha256:180c307f72b1eeb3bc8feaf9c2251da46d73330b5eb0ee3157e990b74b25c80c 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): 2026-09-10T00:25:07.877Z to 2026-09-10T00:25:07.877Z Record version: sha256:7bc826c4d7b9b8dfe6307b0dab6ca2adf05003dc07a4fa4764c17c6a44850b91 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/430/972/#15-scope-and-scope-exceptions) SEC content: no ##### [430-972-15-1](https://asc.understandingaccounting.org/asc/430/972/#430-972-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:07.877Z to 2026-09-10T00:25:07.877Z Record version: sha256:ec47caf269052a2e5f0117d520f21f1c2ce454ce100dee7c8a16321a6ca27f8d 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): 2026-09-10T00:25:11.548Z to 2026-09-10T00:25:11.548Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/430/972/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:25:14.017Z to 2026-09-10T00:25:14.017Z Record version: sha256:c39d07b1a750598461a111a1057422d2ebd690837dd2371658a6f4e6274c8e30 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-972-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/430/972/#25-recognition) SEC content: no ##### [430-972-25-1](https://asc.understandingaccounting.org/asc/430/972/#430-972-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:14.017Z to 2026-09-10T00:25:14.017Z Record version: sha256:90c3a86cf3fb5f7dc189772f65694b766d2be601fcac5438c43005c51df7e3db 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/).