# ASC 605-915: Revenue Recognition — Development Stage Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/915/) 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): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:55.082Z Record version: sha256:6b53266615722e72def5de11481c3bc32e84cac456ddbbf632757a8ad118748c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915: Revenue Recognition — Development Stage Entities ### Machine-generated study aids ```json { "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 Every remaining paragraph in this subtopic (05-1, 15-1, 25-1) was superseded by ASU 2014-10, which eliminated the concept of a \"development stage entity\" from U.S. GAAP. 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recognition standards as any other entity.", "key_points": [ "605-915-05-1, 605-915-15-1, and 605-915-25-1 were all superseded by Accounting Standards Update No. 2014-10, leaving the subtopic with no operative guidance.", "ASU 2014-10 removed the definition of and the incremental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inception-to-date and other special presentation requirements formerly in Topic 915.", "Because the special guidance is superseded, an entity in the development stage recognizes revenue under the general revenue model (now ASC 606) on the same basis as any other entity.", "Nothing in this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" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:43.825Z Record version: sha256:d8a01e4bf512bbdbdc9f2c6d026c638729e329678cf9cc3479ab11760b3dbbfc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/915/#00-status) SEC content: no ##### [605-915-00-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:43.825Z to 2026-09-10T00:46:43.825Z Record version: sha256:07c7e2a1d13a045fd45e6ef9146247fb336dfd07b3f2e3489e97a3c1ec1e182a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

Development Stage Entity	Superseded	Accounting Standards Update No. 2014-10	06/10/2014

915-605-05-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014
915-605-15-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014
915-605-25-1	Superseded	Accounting Standards Update No. 2014-10	06/10/2014

Source downloaded (UTC): 2026-09-10T00:46:45.634Z to 2026-09-10T00:46:45.634Z Record version: sha256:3435511d56bbbf64c83be6a046c3da278ce1e216464dba01833d156d7322affb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/915/#05-overview-and-background) SEC content: no ##### [605-915-05-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:45.634Z to 2026-09-10T00:46:45.634Z Record version: sha256:f41fa47f9f56be4de40e266b67c8d113d540e33bfc4b83f41061ec7a1b1aa9b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-10T00:46:47.417Z to 2026-09-10T00:46:47.417Z Record version: sha256:39e3d1992b88eb1309e22233f3bbcb1e440057c5b0e0cf0ca1ad84ae41b512d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/915/#15-scope-and-scope-exceptions) SEC content: no ##### [605-915-15-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:47.417Z to 2026-09-10T00:46:47.417Z Record version: sha256:f2d46f60b138ae01efbabbd50a6c426c45aa5161142ffbea5d3839204ebc1cd2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-10T00:46:51.295Z to 2026-09-10T00:46:51.295Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/915/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:46:55.082Z to 2026-09-10T00:46:55.082Z Record version: sha256:7e63f3ec7f667e11c66feac0e60cc0c0dc84e44d1a2ebd14f735c6ebfe80e35d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-915-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/915/#25-recognition) SEC content: no ##### [605-915-25-1](https://asc.understandingaccounting.org/asc/605/915/#605-915-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:55.082Z to 2026-09-10T00:46:55.082Z Record version: sha256:01787c4827675f6ef29e2682cf900aee473b02c14b846f4748d21ed16b84f085 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/).