# ASC 605-15-05: Revenue Recognition — Products — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/605/15/#05-overview-and-background)

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): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:36c15326cba7cb62a12da06a9802a50b8da22b1324ef1d76a2a82e811fa123b2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-15-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/605/15/#05-overview-and-background)

SEC content: no

##### [605-15-05-1](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:7e5af2d0ee0947a038e506c73c4b79790e5204bd50979981a28f9e84b1339768

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-15-05-2](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:9a24708ec25beb523d3463dd4e3899040622886d2295aecd24c77c16838edad5

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-15-05-3](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-3)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:9a2bc6214a1c62627670d6118f63e0a3dfb1f59e443d08dd00b747ce2cb5b08c

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/).

##### [605-15-05-4](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-4)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:707e30f0eb153a091bb2d02010251b301f2d91dd13f3b699dfa6badb45e7bd60

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/).

##### [605-15-05-5](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-5)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:1b6ba0a18329a1984a991e5892dfd05cb31106bd685ff5e499936887a3ab19a1

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/).

##### [605-15-05-6](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-6)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:e4a467042d0cab522f0c8349f0eb974298e781c5e2ebd0c39a6ebd2aa3567e7a

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/).

##### [605-15-05-7](https://asc.understandingaccounting.org/asc/605/15/#605-15-05-7)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:41:34.604Z to 2026-09-10T00:41:34.604Z

Record version: sha256:9413996b7fc0f52e6ed64c7cc2529aa4a2471a7f47f6a6f1dcac12bffca84052

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/).