{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/920/","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":"605-920","topic":"605","title":"Entertainment—Broadcasters","area":"Revenue","paragraphs":3,"summary":"ASC 605-920 formerly provided industry-specific revenue recognition guidance for broadcasters (entertainment industry), including recognition of barter and license/advertising revenue. All of its substantive paragraphs (605-920-05-1 and 605-920-25-1) were superseded by ASU 2014-09, so the subtopic is now an empty shell. Broadcaster revenue is instead accounted for under the general revenue model in ASC 606, with related industry guidance in ASC 926.","concepts":["superseded guidance","broadcaster revenue","industry-specific revenue recognition","barter transactions","program license rights","revenue from contracts with customers"],"categories":["Revenue","Industry-specific","Transition and effective dates","Recognition"],"level":"intermediate","topic_title":"Revenue Recognition","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-920-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BarterSupersededAccounting Standards Update No. 2014-0905/28/2014
920-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-605-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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All of its substantive paragraphs (605-920-05-1 and 605-920-25-1) were superseded by ASU 2014-09, so the subtopic is now an empty shell. Broadcaster revenue is instead accounted for under the general revenue model in ASC 606, with related industry guidance in ASC 926.","key_points":["Both remaining paragraphs of this subtopic, 605-920-05-1 (Overview and Background) and 605-920-25-1 (Recognition), state 'Paragraph superseded by Accounting Standards Update No. 2014-09.'","Because ASU 2014-09 superseded the content, ASC 605-920 contains no operative recognition guidance for broadcasters.","Entities in the broadcasting industry apply the five-step model in ASC 606 (Revenue from Contracts with Customers) rather than legacy ASC 605 industry rules.","Remaining broadcaster-specific guidance, such as accounting for program license rights and film costs, resides in ASC 920 and ASC 926 outside the revenue Topic.","The superseded status must be read together with the transition and effective date guidance accompanying ASU 2014-09."],"categories":["Revenue","Industry-specific","Transition and effective dates","Recognition"],"audience_level":"intermediate","student_note":"This subtopic is a historical marker: the only thing to know is that broadcaster revenue guidance in ASC 605 was wiped out by ASU 2014-09 and replaced by ASC 606. A common mistake is citing legacy 605-920 rules (for example, on barter advertising) as current GAAP when they no longer exist.","related_topics":["606","920","926","340-40","605"],"key_concepts":["superseded guidance","broadcaster revenue","industry-specific revenue recognition","barter transactions","program license rights","revenue from contracts with customers"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4592e76c7dbf427ce162c68a1f0fda9519a3c3cc2633844673986b79b7a96ca1","downloaded_from":"2026-09-10T00:46:59.084Z","last_downloaded_at":"2026-09-10T00:47:08.048Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"605-922","title":"Entertainment—Cable Television","topic_title":"Revenue 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established by retrieval timestamps"}},{"number":"310-920","title":"Entertainment—Broadcasters","topic_title":"Receivables","score":0.8919,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cac59a447930c1cf33f0d520bf2d32985448b97bd9e0e2f3d7767896a7d72f27","downloaded_from":"2026-09-09T23:28:48.719Z","last_downloaded_at":"2026-09-09T23:28:53.444Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-926","title":"Entertainment—Films","topic_title":"Revenue 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