# ASC 606-10-65: Revenue from Contracts with Customers — Overall — 65 Transition and Open Effective Date Information
Source: FASB Accounting Standards Codification, Basic View
[Read online](https://asc.understandingaccounting.org/asc/606/10/#65-transition-and-open-effective-date-information)
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## ASC 606-10-65: 65 Transition and Open Effective Date Information
[Read section](https://asc.understandingaccounting.org/asc/606/10/#65-transition-and-open-effective-date-information)
SEC content: no
##### [606-10-65-1](https://asc.understandingaccounting.org/asc/606/10/#606-10-65-1)
Pending content: no
Source downloaded (UTC): 2026-09-09T23:18:20.163Z to 2026-09-09T23:18:20.163Z
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Paragraph superseded on 12/14/2022 after the end of the transition period stated in Accounting Standards Updates No. 2014-09, _Revenue from Contracts with Customers (Topic 606)_, No. 2016-08, _Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net),_ No. 2016-10, _Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,_ No. 2016-12, _Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients,_ No. 2016-20, _Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers,_ No. 2017-05, _Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets_, and No. 2020-05, _Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities_.
#### Transition Related to Accounting Standards Update No. 2025-04, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer
##### [606-10-65-2](https://asc.understandingaccounting.org/asc/606/10/#606-10-65-2)
Pending content: no
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[Accounting Standards Update 2025-04](https://asc.understandingaccounting.org/updates/asu-2024-02/)
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
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The following represents the transition and effective date information related to Accounting Standards Update No. 2025-04, _Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer:_
**Effective date and early adoption**
1. a
All entities shall apply the pending content that links to this paragraph for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods.
2. b
Early adoption of the pending content that links to this paragraph is permitted in an interim or annual reporting period in which financial statements have not yet been issued (or made available for issuance). If an entity adopts the pending content that links to this paragraph in an interim reporting period, it shall adopt the pending content as of the beginning of the annual reporting period that includes that interim reporting period.
**Transition method**
1. c
An entity shall apply the pending content that links to this paragraph using one of the following transition methods:
1. 1
On a modified retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets in the statement of financial position) as of the beginning of the annual reporting period in which the pending content that links to this paragraph is adopted.
2. 2
On a retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets in the statement of financial position) as of the beginning of the first period presented in accordance with the guidance on accounting changes in paragraphs [250-10-45-5](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-5) and [250-10-45-8](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-8). If retrospective transition is applied, an entity shall use the actual outcome, if known, of a performance condition or service condition as of the beginning of the annual reporting period in which the pending content that links to this paragraph is adopted for all prior-period estimates. If the actual outcome is unknown, an entity shall use its estimate of the probability of achieving a service condition or performance condition as of the beginning of the annual reporting period of adoption for all prior-period estimates.
**Transition disclosures**
1. d
An entity applying the pending content that links to this paragraph in accordance with (c)(1) shall provide the following transition disclosures in the financial statements of both the interim reporting period (if applicable) and the annual reporting period of the change:
1. 1
The nature of the change in accounting principle, including an explanation of the newly adopted accounting principle
2. 2
The method of applying the change
3. 3
The cumulative effect of the change on retained earnings or other components of equity in the statement of financial position as of the annual reporting period in which the pending content that links to this paragraph is adopted.
1. e
An entity applying the pending content that links to this paragraph in accordance with (c)(2) shall provide the following transition disclosures in the financial statements of both the interim reporting period (if applicable) and the annual reporting period of the change:
1. 1
The nature of the change in accounting principle, including an explanation of the newly adopted accounting principle
2. 2
The method of applying the change
3. 3
The cumulative effect of the change on retained earnings or other components of equity in the statement of financial position as of the beginning of the earliest period presented
4. 4
The effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), any other affected financial statement line item, and any affected per-share amounts for any prior periods retrospectively adjusted.
#### Transition Related to Accounting Standards Update No. 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract
##### [606-10-65-3](https://asc.understandingaccounting.org/asc/606/10/#606-10-65-3)
Pending content: no
Source downloaded (UTC): 2026-09-09T23:18:20.163Z to 2026-09-09T23:18:20.163Z
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Effective as of: not established by retrieval timestamps.
[Accounting Standards Update 2025-07](https://asc.understandingaccounting.org/updates/asu-2025-07/)
2028-6-13
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
2026-12-16
The following represents the transition and effective date information related to Accounting Standards Update No. 2025-07, _Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract_:
**Effective date and early adoption**
1. a
All entities shall apply the pending content that links to this paragraph for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods.
2. b
Early adoption of the pending content that links to this paragraph is permitted in both interim and annual reporting periods for which financial statements have not yet been issued or made available for issuance. If an entity early adopts the pending content that links to this paragraph in an interim reporting period, it shall apply the pending content as of the beginning of the annual reporting period that includes that interim reporting period. If an entity early adopts the pending content that links to this paragraph, it also shall early adopt the pending content that links to paragraph [815-10-65-8](https://asc.understandingaccounting.org/asc/815/10/#815-10-65-8) simultaneously.
**Transition method**
1. c
An entity shall apply the pending content that links to this paragraph using one of the following transition methods:
1. 1
Prospectively to new contracts entered into on or after the date of adoption, including modified contracts accounted for as separate contracts in accordance with paragraph [606-10-25-12](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-12)
2. 2
On a modified retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets in the statement of financial position) as of the beginning of the annual reporting period of adoption for contracts existing as of the beginning of the annual reporting period of adoption.
**Transition disclosures**
1. d
An entity that applies the transition method in (c)(1) shall disclose the nature of and reason for the change in accounting principle in both the interim reporting period and the annual reporting period in which the entity adopts the pending content that links to this paragraph.
2. e
An entity that applies the transition method in (c)(2) shall disclose the following in both the interim reporting period and the annual reporting period in which the entity adopts the pending content that links to this paragraph:
1. 1
The nature of and reason for the change in accounting principle
2. 2
The cumulative effect of the change on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the annual reporting period of adoption.