Extractive Activities — Oil and Gas
Overview
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