# ASC 855-926: Subsequent Events — Entertainment—Films Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/855/926/) 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): 2026-09-10T02:05:12.680Z to 2026-09-10T02:05:23.939Z Record version: sha256:a3602a4b18c970bb8b31be39676255a2e71fa734ef609c92c629ff1a601afc02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926: Subsequent Events — Entertainment—Films ### Machine-generated study aids ```json { "summary": "ASC 855-926 was the film-industry-specific subsection of the subsequent events guidance, which previously required film entities to consider post-balance-sheet information (such as actual results after the reporting date) in estimating ultimate revenue and testing film costs for impairment. Every substantive paragraph (855-926-05-1, 15-1, and 35-1) was superseded by ASU 2012-07, so the subtopic now contains no operative guidance. Film cost impairment and ultimate revenue estimation are addressed instead in ASC 926-20, and general subsequent events guidance remains in ASC 855-10.", "key_points": [ "All content of this subtopic — 855-926-05-1 (overview), 855-926-15-1 (scope), and 855-926-35-1 (subsequent measurement) — was superseded by Accounting Standards Update No. 2012-07.", "Because no paragraphs remain in force, ASC 855-926 imposes no current recognition, measurement, or disclosure requirements on film entities.", "ASU 2012-07 removed the industry-specific rebuttable presumption tied to subsequent-event information in film impairment assessments, so entities apply the general film cost guidance in ASC 926-20 instead.", "General subsequent events principles — the evaluation period and the distinction between recognized and nonrecognized subsequent events — continue to apply to film entities under ASC 855-10.", "A superseded paragraph number is retained in the Codification as a placeholder; it should not be cited as authoritative support for an accounting position." ], "categories": [ "Industry-specific", "Impairment", "Subsequent measurement", "Transition and effective dates" ], "audience_level": "intermediate", "student_note": "The trap here is citing a dead subtopic: everything in 855-926 was wiped out by ASU 2012-07, so for film impairment you must go to ASC 926-20 and for subsequent events to ASC 855-10. Remember that the Codification keeps superseded paragraph numbers visible, which can fool readers into thinking guidance still exists.", "related_topics": [ "855-10", "926-20", "926-10", "360-10" ], "key_concepts": [ "superseded guidance", "subsequent events", "film costs", "ultimate revenue", "unamortized film cost impairment", "industry-specific guidance" ] } ``` Source downloaded (UTC): 2026-09-10T02:05:12.680Z to 2026-09-10T02:05:12.680Z Record version: sha256:a83f6001d25f9a4d0d190642b942c37c3770db1a67acf8bead7f84df9194db17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/855/926/#00-status) SEC content: no ##### [855-926-00-1](https://asc.understandingaccounting.org/asc/855/926/#855-926-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:12.680Z to 2026-09-10T02:05:12.680Z Record version: sha256:a4ce5c951a2106f295910e89166dbd1d15f11ba5b0d637134bd541cc5d4ca69e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Film costsSupersededAccounting Standards Update No. 2012-0710/24/2012
FilmsSupersededAccounting Standards Update No. 2012-0710/24/2012
926-855-05-1SupersededAccounting Standards Update No. 2012-0710/24/2012
926-855-15-1SupersededAccounting Standards Update No. 2012-0710/24/2012
926-855-35-1SupersededAccounting Standards Update No. 2012-0710/24/2012
Source downloaded (UTC): 2026-09-10T02:05:15.397Z to 2026-09-10T02:05:15.397Z Record version: sha256:cfb7d49f2208b7b1686c5714a2880abca7fa5653b630a71ba90ce4948371ac23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/855/926/#05-overview-and-background) SEC content: no ##### [855-926-05-1](https://asc.understandingaccounting.org/asc/855/926/#855-926-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:15.397Z to 2026-09-10T02:05:15.397Z Record version: sha256:e11229e012efbd8ec1afa88072ca7754191571229d19bb3e31f239d53f88bfb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-07](https://asc.understandingaccounting.org/updates/asu-2012-07/). Source downloaded (UTC): 2026-09-10T02:05:18.814Z to 2026-09-10T02:05:18.814Z Record version: sha256:8ba4918f1abb1348358db4881fc20f3d0425d45e20afbac890e06574eb6957d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/855/926/#15-scope-and-scope-exceptions) SEC content: no ##### [855-926-15-1](https://asc.understandingaccounting.org/asc/855/926/#855-926-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:18.814Z to 2026-09-10T02:05:18.814Z Record version: sha256:fb5af3afc7acb1c0975c649ee3aa920d160bbb5168137d1847cd29e9bbb4413f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-07](https://asc.understandingaccounting.org/updates/asu-2012-07/). Source downloaded (UTC): 2026-09-10T02:05:22.260Z to 2026-09-10T02:05:22.260Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/855/926/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:05:23.939Z to 2026-09-10T02:05:23.939Z Record version: sha256:d3aeee22c0e7182fe8426ffb36e9d397143a8923d0ac2b16acb4856f06b4230a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 855-926-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/855/926/#35-subsequent-measurement) SEC content: no #### Subsequent Events ##### [855-926-35-1](https://asc.understandingaccounting.org/asc/855/926/#855-926-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:23.939Z to 2026-09-10T02:05:23.939Z Record version: sha256:692fac806101e1d0eca6753093086109b56cb50885ba093719c08f68ade6c881 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-07](https://asc.understandingaccounting.org/updates/asu-2012-07/).