ASC 440-952
Franchisors
440 Commitments
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ASC 440-952 was the franchisor-specific extension of the Commitments topic, but every substantive paragraph (05-1 overview, 15-1 scope, and 50-1 disclosure) was superseded by Maintenance Update 2017-09. The subtopic therefore contains no remaining guidance; franchisor commitment and disclosure requirements now fall under the general Commitments guidance in ASC 440-10 and, for franchise revenue, ASC 606.
Key points (4)
- All three paragraphs of this subtopic — 440-952-05-1, 440-952-15-1, and 440-952-50-1 — were superseded by Maintenance Update 2017-09, leaving no operative guidance.
- Because the subtopic is empty, a franchisor's unconditional purchase obligations and other commitments are disclosed under the general requirements of ASC 440-10.
- The supersession was part of the codification cleanup accompanying the new revenue standard, which relocated franchisor guidance formerly in ASC 952 to ASC 606.
- Students should not cite 440-952 as authority; a search that lands here must be redirected to ASC 440-10, ASC 606, or the ASC 952 subtopics that remain effective.
For students. The only thing to know here is that this subtopic is a shell — every paragraph was superseded by Maintenance Update 2017-09. The common mistake is citing a superseded paragraph as live GAAP instead of going to ASC 440-10 for commitments or ASC 606 for franchise revenue.
Machine-generated study aid for ASC 440-952. Check the source paragraphs below.
440-952-00Status
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| Paragraph | Action | Accounting Standards Update | Date |
| Franchisor | Superseded | Maintenance Update 2017-09 (PDF) | 05/30/2017 |
| 952-440-05-1 | Superseded | Maintenance Update 2017-09 (PDF) | 05/30/2017 |
| 952-440-15-1 | Superseded | Maintenance Update 2017-09 (PDF) | 05/30/2017 |
| 952-440-50-1 | Superseded | Maintenance Update 2017-09 (PDF) | 05/30/2017 |
440-952-05Overview and Background
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440-952-15Scope and Scope Exceptions
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Overall Guidance
440-952-20Glossary
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440-952-50Disclosure
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