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The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
12b-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
B Shares Superseded Accounting Standards Update No. 2014-09 05/28/2014
Closed-End Funds Superseded Accounting Standards Update No. 2014-09 05/28/2014
Contingent-Deferred Sales Load Superseded Accounting Standards Update No. 2014-09 05/28/2014
Distributor Superseded Accounting Standards Update No. 2014-09 05/28/2014
Front-End Load Superseded Accounting Standards Update No. 2014-09 05/28/2014
Front-End Load Added Accounting Standards Update No. 2014-06 03/14/2014
Front-End Sales Fee Superseded Accounting Standards Update No. 2014-06 03/14/2014
Offering Costs Superseded Accounting Standards Update No. 2014-09 05/28/2014
946-605-05-1 through 05-11
 Superseded Accounting Standards Update No. 2014-09 05/28/2014
946-605-15-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
946-605-15-2 Superseded Accounting Standards Update No. 2014-09 05/28/2014
946-605-25-1 through 25-8
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946-605-25-8 Amended Accounting Standards Update No. 2014-06 03/14/2014
946-605-50-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
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Every paragraph in Sections 05, 15, 25, and 50 was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic now contains no operative guidance; revenue from such contracts is accounted for under ASC 606 (with related costs under ASC 340-40).","key_points":["All paragraphs of this subtopic (605-946-05-1 through 05-11, 15-1 through 15-2, 25-1 through 25-8, and 50-1) were superseded by Accounting Standards Update No. 2014-09.","Because the subtopic is fully superseded, it provides no recognition, scope, or disclosure requirements that an entity may currently apply.","Investment advisers and investment companies that previously looked to 605-946 for incentive-based or performance-based fee revenue now apply the five-step model in ASC 606, including the constraint on variable consideration in 606-10-32-11 through 32-13.","ASC 606-10-55-65 (the sales- or usage-based royalty exception) and the variable consideration constraint drive when performance/incentive fees may be recognized, replacing the legacy 'Method 1/Method 2' approaches formerly discussed here.","Superseded guidance may 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