ASC 932 Extractive Activities—Oil and Gas

ASC 932 Extractive Activities — Oil and Gas

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US GAAP

10 Overall 220 Income Statement—Reporting Comprehensive Income 225 Income Statement 235 Notes to Financial Statements 270 Interim Reporting 280 Segment Reporting 323 Investments—Equity Method and Joint Ventures 330 Inventory 350 Intangibles—Goodwill and Other 360 Property, Plant, and Equipment 470 Debt 605 Revenue Recognition 720 Other Expenses 740 Income Taxes 810 Consolidation 815 Derivatives and Hedging 835 Interest

ASC 932-10 notes the following:

This Topic provides guidance specific to oil- and gas-producing activities. It contains several Subtopics that interact with other Topics in the Codification. Guidance in these Subtopics rather than the more general guidance in the other Topics shall be applied to the specific issues addressed.

ASC 932 contains intersecting Subtopics that provide industry-specific guidance related to the following Codification Topics:

225 — Income Statement

235 — Notes to Financial Statements

270 — Interim Reporting

280 — Segment Reporting

323 — Investments — Equity Method and Joint Ventures

330 — Inventory

350 — Intangibles — Goodwill and Other

360 — Property, Plant, and Equipment

470 — Debt

605 — Revenue Recognition

720 — Other Expenses

740 — Income Taxes

810 — Consolidation

815 — Derivatives and Hedging

835 — Interest