# ASC 605-978-00: Revenue Recognition — Real Estate—Time-Sharing Activities — 00 Status Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/978/#00-status) 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): 2026-09-10T00:53:24.836Z to 2026-09-10T00:53:24.836Z Record version: sha256:47005e0dfce456db14e891b97586dc584bc6437881da93ad484a0ba4a0ac655a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/978/#00-status) SEC content: no ##### [605-978-00-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:24.836Z to 2026-09-10T00:53:24.836Z Record version: sha256:d813871224e8a85b2f268e5d7a1676033abf98a34b0543f47c93b48cc53cd4b5 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

Affinity Program	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Amenities	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Assumption	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Continuing Investments	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Continuing Involvement (2nd def.)	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Contract-for-Deed	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Exchange (2nd def.)	Superseded	Accounting Standards Update No. 2014-06	03/14/2014
Fixed Time	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Full Accrual Method	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Incentive	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Independent Third Party	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Inducement	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Interval	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Mini-Vacation	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Other than Retail Land Sales	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Owners Association	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Percentage-of-Completion Method	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Phase	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Phase (2nd def.)	Amended	Accounting Standards Update No. 2014-06	03/14/2014
Planned Amenities	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Points	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Project	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Promised Amenities	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Recourse	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Relative Sales Value Method	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Reload	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Reload Transaction	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Reload Transaction	Added	Accounting Standards Update No. 2014-06	03/14/2014
Rescission	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Right-to-Use	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Sales Value	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Sampler Program	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Tenancy-for-Years	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Time-Share	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Time-Sharing	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Time-Sharing	Amended	Accounting Standards Update No. 2014-06	03/14/2014
Time-Sharing Interest	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Time-Sharing Special-Purpose Entity	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Uncollectibility	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Undivided Interest (2nd def.)	Superseded	Accounting Standards Update No. 2014-06	03/14/2014
Unit	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Upgrade	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Upgrade Transaction	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
Vacation Club	Superseded	Accounting Standards Update No. 2014-09	05/28/2014

978-605-05-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-10-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-15-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-25-1 through 25-21	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-25-3	Amended	Accounting Standards Update No. 2014-06	03/14/2014
978-605-25-12	Amended	Accounting Standards Update No. 2014-06	03/14/2014
978-605-30-1 through 30-10	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-30-6	Amended	Accounting Standards Update No. 2014-06	03/14/2014
978-605-55-1 through 55-95	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
978-605-55-16	Amended	Accounting Standards Update No. 2014-06	03/14/2014