{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/915/","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","number":"605-915","topic":"605","title":"Development Stage Entities","area":"Revenue","paragraphs":4,"summary":"ASC 605-915 formerly provided revenue recognition guidance specific to development stage entities (pre-revenue enterprises devoting efforts to establishing a new business). Every remaining paragraph in this subtopic (05-1, 15-1, 25-1) was superseded by ASU 2014-10, which eliminated the concept of a \"development stage entity\" from U.S. GAAP. 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b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><strong class=\"ph b\">Development Stage Entity</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/605/915/#605-915-05-1\" class=\"xref\">915-605-05-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/605/915/#605-915-15-1\" class=\"xref\">915-605-15-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/605/915/#605-915-25-1\" class=\"xref\">915-605-25-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nDevelopment Stage Entity | Superseded | Accounting Standards Update No. 2014-10 | 06/10/…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07c7e2a1d13a045fd45e6ef9146247fb336dfd07b3f2e3489e97a3c1ec1e182a","downloaded_from":"2026-09-10T00:46:43.825Z","last_downloaded_at":"2026-09-10T00:46:43.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478047","source_sha256":"1038eab1f17a8cf5129e66f7457c08da70b56706373a72d782bc95b7cc34446a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc55f2bd77e3f61582e314fe3fc92a2cb373b5335e3fa1a3776c89a775ef8416","downloaded_from":"2026-09-10T00:46:43.825Z","last_downloaded_at":"2026-09-10T00:46:43.825Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-10</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2d46f60b138ae01efbabbd50a6c426c45aa5161142ffbea5d3839204ebc1cd2","downloaded_from":"2026-09-10T00:46:47.417Z","last_downloaded_at":"2026-09-10T00:46:47.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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Glossary","anchor":"20-glossary","is_sec":false,"groups":[],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202","downloaded_from":"2026-09-10T00:46:51.295Z","last_downloaded_at":"2026-09-10T00:46:51.295Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478950","source_sha256":"9ae0016f20a651b3ad6004a2e70c95535d5fc70e1d5c8e37e333a62ede7eb3ff"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-915-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-10</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01787c4827675f6ef29e2682cf900aee473b02c14b846f4748d21ed16b84f085","downloaded_from":"2026-09-10T00:46:55.082Z","last_downloaded_at":"2026-09-10T00:46:55.082Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478339","source_sha256":"803b4dd0ddf2a5bca714cedfddfebf42e3bd92b9af6d0a5c21d2967101a409e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0685980e32925da790aef3a01adc7edea914a39cbb48a5d81ed2c5baefe8bcc5","downloaded_from":"2026-09-10T00:46:55.082Z","last_downloaded_at":"2026-09-10T00:46:55.082Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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Every remaining paragraph in this subtopic (05-1, 15-1, 25-1) was superseded by ASU 2014-10, which eliminated the concept of a \"development stage entity\" from U.S. GAAP. As a result, there is no separate revenue guidance for such entities; they apply the same revenue recognition standards as any other entity.","key_points":["605-915-05-1, 605-915-15-1, and 605-915-25-1 were all superseded by Accounting Standards Update No. 2014-10, leaving the subtopic with no operative guidance.","ASU 2014-10 removed the definition of and the incremental reporting requirements for development stage entities from the Codification, including the inception-to-date and other special presentation requirements formerly in Topic 915.","Because the special guidance is superseded, an entity in the development stage recognizes revenue under the general revenue model (now ASC 606) on the same basis as any other entity.","Nothing in this subtopic currently establishes recognition, scope, or overview rules; treat 605-915 as an empty shell retained only for cross-reference history."],"categories":["Revenue","Recognition","Transition and effective dates","Financial statement presentation"],"audience_level":"introductory","student_note":"Useful mainly as a research trap: a citation to 605-915 (or Topic 915 generally) is stale because ASU 2014-10 eliminated development stage entity accounting. The common misunderstanding is thinking start-up or pre-revenue companies get special revenue rules or deferral privileges — they do not; apply ASC 606 like everyone else.","related_topics":["915","606","605","810","275"],"key_concepts":["development stage entity","superseded guidance","revenue recognition","inception-to-date information","start-up enterprise"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1ad2640420c28acd550d064979d6bd52938edd8d6c99e0780942d5f82332066","downloaded_from":"2026-09-10T00:46:43.825Z","last_downloaded_at":"2026-09-10T00:46:55.082Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"225-915","title":"Development Stage Entities","topic_title":"Income Statement","score":0.8807,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76f9fb98da4185cc19ffce1867d6a1eaa442c62dcfb5c662e4b3a8b306aacb02","downloaded_from":"2026-09-09T23:09:10.440Z","last_downloaded_at":"2026-09-09T23:09:21.836Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-915","title":"Development Stage Entities","topic_title":"Notes to Financial Statements","score":0.8638,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dac018d4e4af88ed39c696dfe3ca25305caa742fefad15e5ca2045f618ad7cc","downloaded_from":"2026-09-09T23:15:05.293Z","last_downloaded_at":"2026-09-09T23:15:17.796Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"230-915","title":"Development Stage Entities","topic_title":"Statement of Cash Flows","score":0.8474,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:310c1e1a1259e1cc0c2e1df5e6c0e22b8fa3a3b5c3bd261e6f1068c90c699468","downloaded_from":"2026-09-09T23:12:12.874Z","last_downloaded_at":"2026-09-09T23:12:23.520Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-915","title":"Development Stage Entities","topic_title":"Balance Sheet","score":0.8453,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c72f018240c1d1535b78e376c64ea4c98ced344a19e54be78baadf2d6b418d8e","downloaded_from":"2026-09-09T22:59:54.936Z","last_downloaded_at":"2026-09-09T23:00:06.175Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"915-10","title":"Overall","topic_title":"Development Stage Entities","score":0.845,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0fb4890d989a6eaf0f4caaa32581c4f2e6e5f581a06a10156504abb8e70dfd8","downloaded_from":"2026-09-10T02:10:30.408Z","last_downloaded_at":"2026-09-10T02:10:38.852Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-915","title":"Development Stage Entities","topic_title":"Presentation of Financial 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