# ASC 270-932-50: Interim Reporting — Extractive Activities—Oil and Gas — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

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## ASC 270-932-50: 50 Disclosure

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##### [270-932-50-1](https://asc.understandingaccounting.org/asc/270/932/#270-932-50-1)

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The disclosures set forth in Subtopic 932-235 are not required in interim financial reports. However, interim financial reports shall include information about a major discovery or other favorable or adverse event that causes a significant change from the information presented in the most recent annual financial report concerning oil and gas reserve quantities.