ASC 220-932

Extractive Activities—Oil and Gas

220 Income Statement—Reporting Comprehensive Income

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In brief

IntroductoryPresentation Disclosure Industry-specific Financial statement presentation

ASC 220-932 is a short "pointer" subtopic that addresses income statement presentation for oil- and gas-producing activities. It contains no substantive incremental rules of its own: it adopts the scope of ASC 932-10-15 and directs readers to the industry disclosure requirements in 932-235-50-21 through 50-28 and to the illustrative results-of-operations example in 932-235-55-5.

Key points (4)

The Subtopic provides guidance relating to income statements for oil- and gas-producing activities (220-932-05-1).
Scope and scope exceptions are the same as the Overall Subtopic in Section 932-10-15 (220-932-15-1).
Incremental industry income statement disclosure requirements are located with the other incremental industry disclosures at paragraphs 932-235-50-21 through 50-28 (220-932-50-1).
An illustration of the results of operations for oil- and gas-producing activities appears in Example 4 at paragraph 932-235-55-5 (220-932-55-1).

For students. Don't expect substantive rules here — this subtopic exists only to route you to the real oil and gas income statement disclosure requirements in 932-235-50. A common mistake is citing 220-932 for a disclosure requirement when the operative paragraphs are 932-235-50-21 through 50-28.

oil- and gas-producing activities income statement presentation results of operations disclosure extractive activities incremental industry disclosures cross-reference subtopic

Machine-generated study aid for ASC 220-932. Check the source paragraphs below.

220-932-00Status

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220-932-00-1

The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

932-220-05-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017
932-220-15-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017
932-220-50-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017
932-220-55-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017

220-932-05Overview and Background

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220-932-05-1

This Subtopic provides guidance relating to income statements for oil- and gas- producing activities.

220-932-15Scope and Scope Exceptions

Source downloaded: 2026-09-09T23:05:32.817Z.Record version ecac6b5b078e. Effective date must be checked in the source.

Overall Guidance

220-932-15-1

This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.

220-932-50Disclosure

Source downloaded: 2026-09-09T23:05:35.357Z.Record version b2c0ff6bc6a8. Effective date must be checked in the source.

220-932-50-1

Incremental industry disclosure requirements relating to the income statement have been kept with other incremental industry disclosure requirements, see paragraphs

932-235-50-21 through 50-28

220-932-55Implementation Guidance and Illustrations

Source downloaded: 2026-09-09T23:05:38.822Z.Record version 8ad98b2a7728. Effective date must be checked in the source.

220-932-55-1

An illustration of the results of operations can be found in Example 4 (see paragraph 932-235-55-5).