ASC 845-920
Entertainment—Broadcasters
845 Nonmonetary Transactions
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ASC 845-920 formerly provided nonmonetary-transaction guidance for broadcasters, principally barter transactions in which broadcasters exchanged advertising time for goods, services, or program material. Every substantive paragraph in the subtopic (Sections 05, 15, 25, and 30) was superseded by ASU 2014-09 (the revenue standard). As a result, the subtopic contains no remaining guidance, and barter/nonmonetary exchanges involving broadcasters are now analyzed under ASC 606 (with noncash consideration measured at fair value) and the general nonmonetary guidance in ASC 845-10.
Key points (5)
- All of the subtopic's guidance—845-920-05-1, 845-920-15-1, 845-920-25-1, 845-920-30-1 and 845-920-30-2—was superseded by Accounting Standards Update No. 2014-09.
- Because no paragraphs remain in effect, ASC 845-920 imposes no recognition, measurement, or scope requirements for broadcaster nonmonetary transactions.
- Broadcaster barter transactions (e.g., advertising time exchanged for goods, services, or program material) that are contracts with customers are accounted for under ASC 606, including its noncash consideration guidance.
- Nonmonetary exchanges that are not revenue transactions with customers remain subject to the general guidance in ASC 845-10.
- Entities should not apply superseded guidance; the effective-date and transition provisions of ASU 2014-09 govern when the superseded paragraphs ceased to apply.
For students. This subtopic is a shell—its only content is a record of supersession by ASU 2014-09—so the exam point is knowing where the guidance went, not what it said. The common mistake is citing legacy broadcaster barter rules instead of applying ASC 606's noncash consideration (fair value) requirements.
Machine-generated study aid for ASC 845-920. Check the source paragraphs below.
845-920-00Status
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| Paragraph | Action | Accounting Standards Update | Date |
| Barter | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| Broadcaster | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 920-845-05-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 920-845-15-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 920-845-25-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 920-845-30-1 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
| 920-845-30-2 | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |
845-920-05Overview and Background
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845-920-15Scope and Scope Exceptions
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845-920-20Glossary
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845-920-25Recognition
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845-920-30Initial Measurement
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