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ASC 915 — Development Stage Entities

Below is an overview of FASB Accounting Standards Codification Topic 915, Development Stage Entities, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.

The full text of ASC 915 can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in the Deloitte Accounting Research Tool (DART) Web site (subscription required).

Note: ASC 915 is being superseded by FASB Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The amendments made by ASU 2014-10 are effective for public business entities for annual reporting periods beginning after December 15, 2014, and interim periods therein. For other entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and for interim reporting periods beginning after December 15, 2015.


ASC 915-10 notes the following:


The Development Stage Entities Topic specifies the guidelines for identifying an entity in the development stage, addresses the applicability of generally accepted accounting principles (GAAP) to development stage entities, and provides guidance on financial reporting requirements for development stage entities, including additional information required to be presented in the basic financial statements of development stage entities.

A development stage entity will typically be devoting most of its efforts to activities such as the following:

  1. Financial planning
  2. Raising capital
  3. Exploring natural resources
  4. Developing natural resources
  5. Research and development
  6. Establishing sources of supply
  7. Acquiring property, plant, equipment, or other operating assets, such as mineral rights
  8. Recruiting and training personnel
  9. Developing markets
  10. Starting up production

ASC 915 contains intersecting Subtopics that provide industry-specific guidance related to the following Codification Topics:

Content from the FASB Accounting Standards Codification® included at is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

FASB Accounting Standards Updates

The following ASUs amended the guidance in this Topic:

Proposed FASB Accounting Standards Updates

No current proposed ASUs on Topic 915.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.