# ASC Topic 430: Deferred Revenue Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/430/) 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): 2026-09-10T00:23:26.626Z to 2026-09-10T00:25:14.017Z Record version: sha256:1ece62b59a9633448c6010647ff8fa0238eecbcaa11a33f707563830e86a7c12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## Machine-generated topic summary ASC 430 is a legacy "deferred revenue" topic that, after ASU 2014-09, has been almost entirely emptied out: its general subtopic (430-10) now consists of a single cross-reference paragraph (430-10-05-1) pointing to Topic 606, and every industry subtopic — cable television (430-922), films (430-926), music (430-928), health care/CCRC advance fees (430-954), and common interest realty associations (430-972) — has had all of its overview, scope, recognition, and measurement paragraphs superseded. The single most important idea is that consideration received before an entity satisfies its performance obligations is now presented and measured as a contract liability under ASC 606 (see 606-10-45-1 through 45-2), not under Topic 430. Surviving industry guidance lives in the respective industry topics (e.g., 954-606 and 954-440, 926-606, 928-606, 972), and ASC 430 should be treated only as a signpost or transition artifact — citing it as authoritative support for post-adoption periods is incorrect. Source downloaded (UTC): 2026-09-10T00:23:26.626Z to 2026-09-10T00:23:37.898Z Record version: sha256:623af07002627d442f1472cfcf60b485b34e87d8a095a27147ec9f6378ec25cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10: Deferred Revenue — Overall ### Machine-generated study aids ```json { "summary": "ASC 430-10 is now only a signpost: it contains no substantive recognition or measurement rules of its own. Its single remaining paragraph (430-10-05-1) directs readers to Topic 606 for guidance on deferred revenue and contract liabilities. The former recognition and relationship paragraphs (430-10-25-1 and 430-10-60-1) were superseded by ASU 2014-09.", "key_points": [ "ASC 430-10 provides only a link to other guidance; it contains no independent accounting requirements (430-10-05-1).", "Accounting for deferred revenue and contract liabilities is governed by Topic 606, Revenue from Contracts with Customers (430-10-05-1).", "The former recognition guidance in 430-10-25-1 was superseded by Accounting Standards Update No. 2014-09.", "The former related-guidance paragraph 430-10-60-1 was likewise superseded by ASU 2014-09.", "Because the substantive content moved to Topic 606, a liability for consideration received before performance is presented as a contract liability under that Topic rather than under Topic 430." ], "categories": [ "Revenue", "Recognition", "Presentation" ], "audience_level": "introductory", "student_note": "Don't waste time hunting for rules in ASC 430 — after ASU 2014-09 it is an empty shell that merely points to Topic 606. The common misunderstanding is assuming \"deferred revenue\" still has its own standalone recognition guidance; today the analysis (and the label \"contract liability\") comes from ASC 606.", "related_topics": [ "606", "606-10", "340-40", "605" ], "key_concepts": [ "deferred revenue", "contract liability", "revenue from contracts with customers", "superseded guidance", "link-only subtopic", "unearned revenue" ] } ``` Source downloaded (UTC): 2026-09-10T00:23:26.626Z to 2026-09-10T00:23:26.626Z Record version: sha256:e45bf5b3f11c9fc1cd027c6db175245871d965a06218b237bf831a55f3c2a9ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/430/10/#00-status) SEC content: no ##### [430-10-00-1](https://asc.understandingaccounting.org/asc/430/10/#430-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:26.626Z to 2026-09-10T00:23:26.626Z Record version: sha256:2dc8e403cb6a91e84c2fde213daaa90c8f092cd68e2332ebe923b150a853ae1a 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
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Contract LiabilityAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
430-10-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
430-10-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
430-10-60-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:23:30.302Z to 2026-09-10T00:23:30.302Z Record version: sha256:de03cbef529e6fe3ae4e66726a7b2a8c4766f0c4f9931ffbc15f572ce7df37da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/430/10/#05-overview-and-background) SEC content: no ##### [430-10-05-1](https://asc.understandingaccounting.org/asc/430/10/#430-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:30.302Z to 2026-09-10T00:23:30.302Z Record version: sha256:e6a2ef5a061868e2f3c2b13496447889bcb46e982ced3e978a2263779185650b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic only provides a link to guidance on deferred [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") and [contract liabilities](https://asc.understandingaccounting.org/glossary/c/#contract-liability "An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer."). See Topic 606 on revenue from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") for further guidance. Source downloaded (UTC): 2026-09-10T00:23:32.812Z to 2026-09-10T00:23:32.812Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/430/10/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:23:35.046Z to 2026-09-10T00:23:35.046Z Record version: sha256:564882798b06523a7837207049f9c492f36e1e344461fdf8b2d189e6de435498 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/430/10/#25-recognition) SEC content: no ##### [430-10-25-1](https://asc.understandingaccounting.org/asc/430/10/#430-10-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:35.046Z to 2026-09-10T00:23:35.046Z Record version: sha256:70b13711e990c8708cb002437b7a23b23a1bd24956f63048e13b7874895b97d6 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): 2026-09-10T00:23:37.898Z to 2026-09-10T00:23:37.898Z Record version: sha256:794e5043585dc94f7283ef2f0a51df40fe33579e97456218a17ef95f8f62bb0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/430/10/#60-relationships) SEC content: no ##### [430-10-60-1](https://asc.understandingaccounting.org/asc/430/10/#430-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:37.898Z to 2026-09-10T00:23:37.898Z Record version: sha256:57f23391aae5f57c8b51f9f176a44a58ffd8be65562490dcbdf4e0447efe2528 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): 2026-09-10T00:23:40.791Z to 2026-09-10T00:23:57.093Z Record version: sha256:f8e8348cb9bd9bce805945cf8d6a8923443a4bb6c5615cb17089c06f50af8c76 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922: Deferred Revenue — Entertainment—Cable Television ### Machine-generated study aids ```json { "summary": "ASC 430-922 formerly provided industry-specific guidance on deferred revenue for cable television companies (e.g., accounting for installation and hookup fees received before the related service was provided). Every paragraph in the subtopic — 430-922-05-1, 15-1, 25-1, 30-1, and 35-1 — was superseded by ASU 2014-09, the revenue recognition standard. As a result, the subtopic contains no operative guidance; cable television revenue and related contract liabilities are now accounted for under ASC 606.", "key_points": [ "All five paragraphs of this subtopic (430-922-05-1, 430-922-15-1, 430-922-25-1, 430-922-30-1, and 430-922-35-1) were superseded by Accounting Standards Update No. 2014-09.", "Because the scope, recognition, initial measurement, and subsequent measurement sections are all superseded, ASC 430-922 imposes no current requirements.", "Cable television entities now recognize revenue and related deferred amounts under ASC 606, Revenue from Contracts with Customers, rather than under legacy industry-specific deferred revenue guidance.", "Amounts collected before performance (such as advance subscriber or hookup fees) are presented as contract liabilities under ASC 606 instead of the former deferred revenue model in this subtopic.", "Students should treat the retained subtopic shell as a cross-reference marker, not as a source of authoritative accounting rules." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Presentation" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: everything in it was deleted by ASU 2014-09, so any exam question about cable TV advance fees should be answered under ASC 606's contract liability model. The common mistake is citing legacy industry deferred revenue rules that no longer exist.", "related_topics": [ "606", "922", "430", "340-40", "605" ], "key_concepts": [ "deferred revenue", "cable television industry", "superseded guidance", "contract liability", "revenue recognition", "installation and hookup fees" ] } ``` Source downloaded (UTC): 2026-09-10T00:23:40.791Z to 2026-09-10T00:23:40.791Z Record version: sha256:6b5681b15039a405dc35eaaef72f5701ddf496b3f0f7d9dda260e33b3c29cda7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/430/922/#00-status) SEC content: no ##### [430-922-00-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:40.791Z to 2026-09-10T00:23:40.791Z Record version: sha256:14dcc7c5a9ce283dc6c2a328935d4f1a764e63881d2a576ec6f1884169ec6691 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
Direct Selling CostsSupersededAccounting Standards Update No. 2014-0905/28/2014
922-430-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-430-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-430-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-430-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
922-430-35-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:23:44.217Z to 2026-09-10T00:23:44.217Z Record version: sha256:2abb975aceabac29e4edafc7c1bdde20684416bd8ffab9c44398d50de9032e20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/430/922/#05-overview-and-background) SEC content: no ##### [430-922-05-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:44.217Z to 2026-09-10T00:23:44.217Z Record version: sha256:ef11427f2a87870077b08b748c0ff217acf1b58b9f29825305bf037b6b9f9ac4 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): 2026-09-10T00:23:46.054Z to 2026-09-10T00:23:46.054Z Record version: sha256:589fc7ee53ffa8c4e80fd7994027373bb819a462ab1c23d98c98b31587997bbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/430/922/#15-scope-and-scope-exceptions) SEC content: no ##### [430-922-15-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:46.054Z to 2026-09-10T00:23:46.054Z Record version: sha256:8e38b409a719ad9cc5df0c0732d1b2d1013b9d1d1c4554e5a534ec072ea0f99b 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): 2026-09-10T00:23:49.522Z to 2026-09-10T00:23:49.522Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/430/922/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:23:52.144Z to 2026-09-10T00:23:52.144Z Record version: sha256:c6498072055833a20adc471e434de3846ac86bf3e4a5e18e45a06cfd52089f1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/430/922/#25-recognition) SEC content: no ##### [430-922-25-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:52.144Z to 2026-09-10T00:23:52.144Z Record version: sha256:1020d47950f26a078901ad995e522b80c7ad925f9910ca6f9755fc22dbb86bd0 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): 2026-09-10T00:23:54.690Z to 2026-09-10T00:23:54.690Z Record version: sha256:164273d999aae66b09e4802a516d41397926539473659e98d70ff923f5f6c4a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/430/922/#30-initial-measurement) SEC content: no ##### [430-922-30-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:54.690Z to 2026-09-10T00:23:54.690Z Record version: sha256:cab694322aec0921df5e99d0a855432380fe8a1cb159a394092c2500712ccd9b 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): 2026-09-10T00:23:57.093Z to 2026-09-10T00:23:57.093Z Record version: sha256:37edb50dc8e78f8f42d3ef80cf14821a9057e066000695a3098700a8c888f23f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-922-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/430/922/#35-subsequent-measurement) SEC content: no ##### [430-922-35-1](https://asc.understandingaccounting.org/asc/430/922/#430-922-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:23:57.093Z to 2026-09-10T00:23:57.093Z Record version: sha256:9303fb5106e2209d25704ef5da1bf31f4da06aceee9782d09f00571b0c860fe7 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): 2026-09-10T00:24:00.334Z to 2026-09-10T00:24:12.601Z Record version: sha256:e3a8aea4277d5d13bee35092205f9db2fe1a8113bd8c885e450421a90f8ab450 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## 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" ] } ``` Source downloaded (UTC): 2026-09-10T00:24:00.334Z to 2026-09-10T00:24:00.334Z Record version: sha256:23eb5d5c123136c6e30acf1c3177cfaf7ddfd591a70889a3a847fca24d310268 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## 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 Source downloaded (UTC): 2026-09-10T00:24:00.334Z to 2026-09-10T00:24:00.334Z Record version: sha256:11c426d1c57fa572bcb6432c8cd1a2e22019c3d92b5474eac4a5ad8c0be63e46 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
RevenueSupersededAccounting Standards Update No. 2014-0905/28/2014
926-430-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-430-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-430-25-1 through 25-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:24:03.274Z to 2026-09-10T00:24:03.274Z Record version: sha256:f663bdcdccf5f038e9e0579eeec8ad8aea9f08e7e256976e9d8490816a53d84d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## 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) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:03.274Z to 2026-09-10T00:24:03.274Z Record version: sha256:647029f72180de89ec76e5019a7beebc88172e3e0cc18392cd5149620be49374 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): 2026-09-10T00:24:06.503Z to 2026-09-10T00:24:06.503Z Record version: sha256:c74c9f4fae428872b20cc51c41ab25c490192235487e5d985a6e1c60b5c12569 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## 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) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:06.503Z to 2026-09-10T00:24:06.503Z Record version: sha256:666111c929a49a84a678a5087d8d2fdfe9d78f09799fbe235b5b16a6d724ac7b 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): 2026-09-10T00:24:09.019Z to 2026-09-10T00:24:09.019Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-926-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/430/926/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:24:12.601Z to 2026-09-10T00:24:12.601Z Record version: sha256:124dd00b3af5f67e96c58f9975bb025c586417790d95b1eb7ca51fc4d50c9116 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## 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) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:12.601Z to 2026-09-10T00:24:12.601Z Record version: sha256:1523ebd4a8488c80dfed74024ff5cc5bd720c139ad1e03b309ab80ef3df99d3f 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/). ##### [430-926-25-2](https://asc.understandingaccounting.org/asc/430/926/#430-926-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:12.601Z to 2026-09-10T00:24:12.601Z Record version: sha256:c3af08340e76f9542ec888edeb43a315fbe1bcdbbf9e8e9633825f9066626794 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/). ##### [430-926-25-3](https://asc.understandingaccounting.org/asc/430/926/#430-926-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:12.601Z to 2026-09-10T00:24:12.601Z Record version: sha256:c058096d0b352afc76ec69d4b476be3418597021e66eeba3aae3fcf161d7e4cb 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): 2026-09-10T00:24:14.561Z 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/). Source downloaded (UTC): 2026-09-10T00:24:26.950Z to 2026-09-10T00:25:00.362Z Record version: sha256:9984cfe2cf8d6ee31f8d7a0a2511910de7fd6cb7b850832a2820b823beedf96d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954: Deferred Revenue — Health Care Entities ### Machine-generated study aids ```json { "summary": "ASC 430-954 formerly provided the deferred revenue guidance for health care entities, principally continuing care retirement communities (CCRCs) accounting for nonrefundable advance (entrance) fees and refundable advance fees. Every paragraph in the subtopic has been superseded by ASU 2014-09 (Revenue from Contracts with Customers), and the transition paragraph 430-954-65-1 was superseded on 06/26/2015 following ASU 2012-01. The subtopic therefore contains no operative guidance; deferred revenue for health care entities is now addressed under ASC 606 and ASC 954-405/954-606.", "key_points": [ "All recognition, measurement, derecognition, presentation, and disclosure paragraphs (430-954-05-1 through 430-954-55-3) are marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "The transition and effective date paragraph 430-954-65-1 was superseded on 06/26/2015 after the end of the transition period stated in ASU 2012-01, Health Care Entities (Topic 954): Continuing Care Retirement Communities—Refundable Advance Fees.", "Because no operative text remains, an entity may not cite ASC 430-954 as authoritative support for deferring health care revenue.", "Advance fees and other amounts collected before services are rendered by health care entities are now evaluated as contract liabilities under ASC 606 (see 606-10-45-2) and the related health care industry guidance in ASC 954-606.", "Obligations to provide future services and use of facilities by continuing care retirement communities remain addressed in Topic 954 (see 954-440), not in this subtopic." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: everything in it was wiped out by ASU 2014-09, so the exam point is knowing that health care advance fees are now contract liabilities under ASC 606, not legacy deferred revenue. The common mistake is citing pre-2014 CCRC entrance-fee deferral rules from this subtopic as if they were still authoritative.", "related_topics": [ "606", "954", "954-606", "954-440", "954-405", "430" ], "key_concepts": [ "deferred revenue", "superseded guidance", "continuing care retirement community", "nonrefundable advance fees", "refundable advance fees", "contract liability", "health care entities", "revenue recognition transition" ] } ``` Source downloaded (UTC): 2026-09-10T00:24:26.950Z to 2026-09-10T00:24:26.950Z Record version: sha256:cc9dd0657eede16f7c8aafcc28b74fb8084e4063523f6055031154a823d40e0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/430/954/#00-status) SEC content: no ##### [430-954-00-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:26.950Z to 2026-09-10T00:24:26.950Z Record version: sha256:f841d3698ec976291baf1cee65592e6b081ad17b8e5cf08799e12e07317df279 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
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic Entity (1st Def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic EntitySupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-25-1 through 25-1BSupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-25-1AmendedAccounting Standards Update No. 2012-0107/24/2012
954-430-25-1AAddedAccounting Standards Update No. 2012-0107/24/2012
954-430-25-1BAddedAccounting Standards Update No. 2012-0107/24/2012
954-430-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-35-1 through 35-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-35-4AmendedAccounting Standards Update No. 2012-0107/24/2012
954-430-40-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-45-1AddedAccounting Standards Update No. 2012-0410/01/2012
954-430-50-1 through 50-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-50-2AmendedAccounting Standards Update No. 2012-0410/01/2012
954-430-55-1 through 55-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
954-430-65-1AddedAccounting Standards Update No. 2012-0107/24/2012
Source downloaded (UTC): 2026-09-10T00:24:30.036Z to 2026-09-10T00:24:30.036Z Record version: sha256:5da9cab689be410d926e177038508fb478e57306df51ef437fb57b4fd7b79d04 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/430/954/#05-overview-and-background) SEC content: no ##### [430-954-05-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:30.036Z to 2026-09-10T00:24:30.036Z Record version: sha256:b9c20b74d4b9959929834a5e21f5fe58e01c1fcf8ac56970c9db509d70d0ac58 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): 2026-09-10T00:24:32.882Z to 2026-09-10T00:24:32.882Z Record version: sha256:153a63ec5083e563eb7dcd5a7b887d8b85bf1f6b201569d87cdb9692a0966489 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/430/954/#15-scope-and-scope-exceptions) SEC content: no ##### [430-954-15-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:32.882Z to 2026-09-10T00:24:32.882Z Record version: sha256:4a2575dbf4f711592e411370091fd2a1a5d05f1526b4226bb8cf4ed05d46a23f 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): 2026-09-10T00:24:38.898Z to 2026-09-10T00:24:38.898Z Record version: sha256:d7b6cb1aa5f290b269108044874d2930fa973ab117aaccef6b3b7d328d92f415 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/430/954/#25-recognition) SEC content: no ##### [430-954-25-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:38.898Z to 2026-09-10T00:24:38.898Z Record version: sha256:1ac32afcb6446d8003f8694280c338b213bf122317609a869173a2e6b7e53f94 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/). ##### [430-954-25-1A](https://asc.understandingaccounting.org/asc/430/954/#430-954-25-1A) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:38.898Z to 2026-09-10T00:24:38.898Z Record version: sha256:858a2da73fcd618f4464db38cbbd1d8cd7350f8f4fadf5ab6d69f8763a8ebf01 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/). ##### [430-954-25-1B](https://asc.understandingaccounting.org/asc/430/954/#430-954-25-1B) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:38.898Z to 2026-09-10T00:24:38.898Z Record version: sha256:8e25a119053c56a143540e14fc8e03f88abaea9c7356ddbb8518c9686a31cf3d 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): 2026-09-10T00:24:41.298Z to 2026-09-10T00:24:41.298Z Record version: sha256:01c49f6b0b093178b38f58dece4d29afaf7f77984aa3be69006eb5c5261a71be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/430/954/#30-initial-measurement) SEC content: no ##### [430-954-30-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:41.298Z to 2026-09-10T00:24:41.298Z Record version: sha256:4194fbe764df9b442e0a52a01528f11742da259d9d0359678b47cae8a4200971 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): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:b871a553732d6aae54f43c9a49a80196cba2f37128d7f106ab9c6b10ddda8ac3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/430/954/#35-subsequent-measurement) SEC content: no ##### [430-954-35-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:2cf29e2ed3f67ba4b5341f6f006909e6d7557c6cabe7ddabbb999d3a71372fa7 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/). ##### [430-954-35-2](https://asc.understandingaccounting.org/asc/430/954/#430-954-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:ee23df1d1ffdf3d893ddd7f5c051c527dea78143741559ec402e59379e251251 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/). ##### [430-954-35-3](https://asc.understandingaccounting.org/asc/430/954/#430-954-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:ac85dcc109f268c53fa088e10b7ffa59744d043a55901f226329fea3e1ea93ef 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/). ##### [430-954-35-4](https://asc.understandingaccounting.org/asc/430/954/#430-954-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:8b05f7338e274dd5e4bd8e9a4fac7cdb331812a2994742175b46321d1084fa7c 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/). ##### [430-954-35-5](https://asc.understandingaccounting.org/asc/430/954/#430-954-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:42.925Z to 2026-09-10T00:24:42.925Z Record version: sha256:3d4f9f378b4247d9f05fe4b6ab0f44dc66420dfd18b5d8e8cce5358681856b3b 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): 2026-09-10T00:24:46.150Z to 2026-09-10T00:24:46.150Z Record version: sha256:48ad9777398ddaa4a9109a95079276a8d74d940853b8f5401252e81abdaeb6d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/430/954/#40-derecognition) SEC content: no ##### [430-954-40-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:46.150Z to 2026-09-10T00:24:46.150Z Record version: sha256:e39c6577040d1c7ad9f0f6c8eafd4033fbe0975914d1adba0d44453fb9d2e8e4 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): 2026-09-10T00:24:49.280Z to 2026-09-10T00:24:49.280Z Record version: sha256:d87598883a33dd56d1f9636fda2952b01aeb60b875e4b880ce4f820475a03496 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/430/954/#45-other-presentation-matters) SEC content: no ##### [430-954-45-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:49.280Z to 2026-09-10T00:24:49.280Z Record version: sha256:f801161db63e88906c135f38c7c0e536b04f18b78cb6e78458551ee8254922cb 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): 2026-09-10T00:24:52.541Z to 2026-09-10T00:24:52.541Z Record version: sha256:24c216f471f7d70d3927be9bc53b8debc5e161fff887b146fec73161781c5d33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/430/954/#50-disclosure) SEC content: no ##### [430-954-50-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:52.541Z to 2026-09-10T00:24:52.541Z Record version: sha256:2f6a3b63107ff5c44734c3a86f646b7f3fb8f2838f8c928b6e11b2bfb43be74a 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/). ##### [430-954-50-2](https://asc.understandingaccounting.org/asc/430/954/#430-954-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:52.541Z to 2026-09-10T00:24:52.541Z Record version: sha256:1a3bb6c35d58587ef7bc3496bf3d6c2f956a9bc2a207b74bf3a7cf69ced47669 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/). ##### [430-954-50-3](https://asc.understandingaccounting.org/asc/430/954/#430-954-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:52.541Z to 2026-09-10T00:24:52.541Z Record version: sha256:8fd28339110c98d0d00b26e24802af1c29ce59fd0314dac04fb359be656ef153 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/). ##### [430-954-50-4](https://asc.understandingaccounting.org/asc/430/954/#430-954-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:52.541Z to 2026-09-10T00:24:52.541Z Record version: sha256:9decc74900dc89bb5581fee09f70192ea1d06af8076db931007ceab01283ca1a 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): 2026-09-10T00:24:56.259Z to 2026-09-10T00:24:56.259Z Record version: sha256:f237bef6244c267beaec3eac46426e5281a5f83d9b0c2f8ce9d5d18dd42c2d35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/430/954/#55-implementation-guidance-and-illustrations) SEC content: no ##### [430-954-55-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:56.259Z to 2026-09-10T00:24:56.259Z Record version: sha256:2611e6ef75cdf7868b96a79c6e92c59b19d856c69e758781a6d48320eb033902 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/). ##### [430-954-55-2](https://asc.understandingaccounting.org/asc/430/954/#430-954-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:56.259Z to 2026-09-10T00:24:56.259Z Record version: sha256:db5318104a94d2b7b2da93540c50f160dad1acbaa627858149169f8840af1915 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/). ##### [430-954-55-3](https://asc.understandingaccounting.org/asc/430/954/#430-954-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:24:56.259Z to 2026-09-10T00:24:56.259Z Record version: sha256:7185421ae68c64e60c48deb1523f94cc96c9598581621efef9ea2030d14213d4 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): 2026-09-10T00:25:00.362Z to 2026-09-10T00:25:00.362Z Record version: sha256:acb25e0385626e821723eafd3e1f62106272b5290bb329651cf4e26f98bb86f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 430-954-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/430/954/#65-transition-and-open-effective-date-information) SEC content: no ##### [430-954-65-1](https://asc.understandingaccounting.org/asc/430/954/#430-954-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:00.362Z to 2026-09-10T00:25:00.362Z Record version: sha256:f561116bb1ad4de2aca88269853aeb5e59fd7ef5b91f9bc968ddb3732b4caca8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/26/2015 after the end of the transition period stated in Accounting Standards Update No. 2012-01, _Health Care Entities (Topic 954): Continuing Care Retirement Communities—Refundable Advance Fees_. 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/).