# ASC 845-926: Nonmonetary Transactions — Entertainment—Films Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/845/926/) 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): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:40.674Z Record version: sha256:64fc851ba18e58a32d56f69c53cabbdf110bab4d5f4d0c844143dbc102dbe1e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926: Nonmonetary Transactions — Entertainment—Films ### Machine-generated study aids ```json { "summary": "ASC 845-926 was the industry-specific guidance applying nonmonetary-exchange principles to film entities (e.g., barter or exchange transactions involving film licensing rights). Every remaining paragraph in the subtopic — the overview (845-926-05-1), scope (845-926-15-1), and recognition (845-926-25-1) guidance — was superseded by ASU 2014-09, the revenue recognition standard. As a result, the subtopic contains no operative guidance; exchanges of film rights for consideration other than cash are now analyzed under ASC 606 (and related film cost guidance in ASC 926).", "key_points": [ "All content of this subtopic, including 845-926-05-1, 845-926-15-1, and 845-926-25-1, was superseded by Accounting Standards Update No. 2014-09.", "No recognition, measurement, presentation, or disclosure requirements remain in ASC 845-926.", "Film-related exchange or barter transactions previously addressed here are now evaluated under the revenue guidance in ASC 606, including its noncash consideration provisions.", "Nonmonetary transactions outside the scope of revenue guidance continue to be governed by the general principles of ASC 845-10." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Cite this subtopic only to explain that legacy film barter/nonmonetary guidance no longer exists; the common mistake is applying the superseded film-specific rules instead of ASC 606's noncash consideration measurement (fair value of noncash consideration at contract inception).", "related_topics": [ "606", "845-10", "926", "926-20", "606-10" ], "key_concepts": [ "superseded guidance", "nonmonetary exchange", "film licensing rights", "barter transaction", "noncash consideration", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:32.051Z Record version: sha256:5c48059d6bccf924820d9abc88ab7111d1186a0b2ae4ef28c2164b7b85196aa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/926/#00-status) SEC content: no ##### [845-926-00-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:32.051Z Record version: sha256:d245ad8725f4d2ba7c8e6b685183f1b1804a27210500a42b7c2cb02eda0e93d3 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

Revenue	Superseded	Accounting Standards Update No. 2014-09	05/28/2014

926-845-05-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
926-845-15-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
926-845-25-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014

Source downloaded (UTC): 2026-09-10T02:00:34.427Z to 2026-09-10T02:00:34.427Z Record version: sha256:b7a703b5fb1bdca291484cd4d58eac00d7eb3d857f874335fee9c8c687ca3427 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/926/#05-overview-and-background) SEC content: no ##### [845-926-05-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:34.427Z to 2026-09-10T02:00:34.427Z Record version: sha256:567b7097f3c31ee3e82f529d34fbd6280da79e6ea802621137b57bb1111f5ab0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T02:00:36.466Z to 2026-09-10T02:00:36.466Z Record version: sha256:49783667e0c5f3f5bf2eca5c05ef3a7bfcd29eae13dd22999bccc82c90b4a3fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/926/#15-scope-and-scope-exceptions) SEC content: no ##### [845-926-15-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:36.466Z to 2026-09-10T02:00:36.466Z Record version: sha256:b528aa49736006a860439e73d1d4aa34617e7ebb69f20357b44d6a265ef0904e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T02:00:38.643Z to 2026-09-10T02:00:38.643Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/845/926/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:00:40.674Z to 2026-09-10T02:00:40.674Z Record version: sha256:fd5bb36fe6c85e6e294420f7908307b37524879907fc8f2b4fe4de1071a31024 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/926/#25-recognition) SEC content: no ##### [845-926-25-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:40.674Z to 2026-09-10T02:00:40.674Z Record version: sha256:f947115d1c0dd56215621ee8136158b99d4f33ba0aaa9df6b706f20fdae11f55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).