{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/280/932/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"280-932","topic":"280","title":"Extractive Activities—Oil and Gas","area":"Presentation","paragraphs":3,"summary":"ASC 280-932 is a short \"pointer\" subtopic that addresses segment reporting as it applies to oil and gas producing activities. It contains no substantive requirements of its own: its scope mirrors that of the oil and gas Overall Subtopic (932-10-15), and it directs preparers to the industry-specific segment disclosure requirements located with the other oil and gas disclosures in 932-235-50-22 through 50-23.","concepts":["segment reporting","oil and gas producing activities","industry-specific disclosure","extractive activities","cross-reference subtopic","reportable segments"],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"level":"intermediate","topic_title":"Segment Reporting","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"280-932-05-1","para":"05-1","html":"
This Subtopic addresses segment reporting for oil and gas activities.
","snippet":"This Subtopic addresses segment reporting for oil and gas activities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1fae6ab14d216a52538ca23273d10af4c13e2ddcf2bd47fdab0b1d7eaebeb1a","downloaded_from":"2026-09-09T23:23:29.240Z","last_downloaded_at":"2026-09-09T23:23:29.240Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477583","source_sha256":"0c6340c432a63be08a8a035ed74227757bfefd1633547b008d960c71c9589032"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eab0bf9237b7aaf20387e097d537af881701b9a9b71ea4ec07889eadbc9a5d20","downloaded_from":"2026-09-09T23:23:29.240Z","last_downloaded_at":"2026-09-09T23:23:29.240Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477583","source_sha256":"0c6340c432a63be08a8a035ed74227757bfefd1633547b008d960c71c9589032"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d6eed83fcfa652955822491525031a4c14ec437c8a13a2b15c897a532fdb152","downloaded_from":"2026-09-09T23:23:29.240Z","last_downloaded_at":"2026-09-09T23:23:29.240Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477583","source_sha256":"0c6340c432a63be08a8a035ed74227757bfefd1633547b008d960c71c9589032"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"280-932-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bd8f0d91683ddbd4d2100df854628f72dbad29e467c8dc643060b2427f4a5fa","downloaded_from":"2026-09-09T23:23:32.246Z","last_downloaded_at":"2026-09-09T23:23:32.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477686","source_sha256":"fa7dc456796decf7989f8b6f4996306c0448c4194575a61e483d24519fd1906a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c32a7abfd1eb1fe089ad4076eedb1fbf0d9348b0defbd85cd66ed1ba52eda13","downloaded_from":"2026-09-09T23:23:32.246Z","last_downloaded_at":"2026-09-09T23:23:32.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477686","source_sha256":"fa7dc456796decf7989f8b6f4996306c0448c4194575a61e483d24519fd1906a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f5c5f006251f486822d9c28ea536ef8556e77aac01d1a47403f77e39669547d4","downloaded_from":"2026-09-09T23:23:32.246Z","last_downloaded_at":"2026-09-09T23:23:32.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477686","source_sha256":"fa7dc456796decf7989f8b6f4996306c0448c4194575a61e483d24519fd1906a"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"280-932-50-1","para":"50-1","html":"
Industry-specific segment disclosure requirements are included with the rest of the disclosure requirements specific to the oil and gas industry, see paragraphs
932-235-50-22 through 50-23
.
","snippet":"Industry-specific segment disclosure requirements are included with the rest of the disclosure requirements specific to the oil and gas industry, see paragraphs 932-235-50-22 through 50-23.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee2cecb93571f2f2318f8ec959403b0b8a17e54069a9b1dc69c419826ca50ac6","downloaded_from":"2026-09-09T23:23:35.523Z","last_downloaded_at":"2026-09-09T23:23:35.523Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478657","source_sha256":"2a851ed9c58a62e3ce2f37be219b42e3a70700195daea837fe0bb12623c90927"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98b1275eb05102c9d8e397f7ce31accf053f2a005e0ea6f4618221119601ee14","downloaded_from":"2026-09-09T23:23:35.523Z","last_downloaded_at":"2026-09-09T23:23:35.523Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478657","source_sha256":"2a851ed9c58a62e3ce2f37be219b42e3a70700195daea837fe0bb12623c90927"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66f59252561cd0082d6fef1cc22d41862b7c393c164e32c32750d7c7c2413cd1","downloaded_from":"2026-09-09T23:23:35.523Z","last_downloaded_at":"2026-09-09T23:23:35.523Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478657","source_sha256":"2a851ed9c58a62e3ce2f37be219b42e3a70700195daea837fe0bb12623c90927"}}],"enrichment":{"summary":"ASC 280-932 is a short \"pointer\" subtopic that addresses segment reporting as it applies to oil and gas producing activities. It contains no substantive requirements of its own: its scope mirrors that of the oil and gas Overall Subtopic (932-10-15), and it directs preparers to the industry-specific segment disclosure requirements located with the other oil and gas disclosures in 932-235-50-22 through 50-23.","key_points":["This Subtopic addresses segment reporting for oil and gas activities (280-932-05-1).","The scope and scope exceptions are the same as those of the oil and gas Overall Subtopic in Section 932-10-15 (280-932-15-1).","Industry-specific segment disclosure requirements for oil and gas are not set out here but are located with the rest of the industry's disclosure requirements in paragraphs 932-235-50-22 through 50-23 (280-932-50-1).","Because the substantive guidance resides in Topic 932, general segment reporting requirements in Topic 280 continue to apply to oil and gas entities alongside the industry-specific disclosures."],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"audience_level":"intermediate","student_note":"Don't waste time looking for rules here—this subtopic exists only to route you to 932-235-50-22 through 50-23, where the oil and gas segment disclosures actually live. The common misunderstanding is thinking Topic 932 replaces Topic 280 for these entities; it supplements it.","related_topics":["280-10","932-10","932-235","932-360"],"key_concepts":["segment reporting","oil and gas producing activities","industry-specific disclosure","extractive activities","cross-reference subtopic","reportable segments"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b4326370551b70dc7cc0941b1b9aaee4022b05229b9b980b000ea9594cf84f8","downloaded_from":"2026-09-09T23:23:29.240Z","last_downloaded_at":"2026-09-09T23:23:35.523Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"270-932","title":"Extractive Activities—Oil and Gas","topic_title":"Interim Reporting","score":0.876,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5866145c497dd8650b031619f3e3a376c135f37f8392e4e722ebf5fa226d8341","downloaded_from":"2026-09-09T23:20:52.218Z","last_downloaded_at":"2026-09-09T23:21:01.066Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-932","title":"Extractive Activities—Oil and Gas","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.8396,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf2f452fcf26d8bfd2a6a9ef7f4a21f866b38b74587611a876ca842dbae2cddc","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:41.911Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"350-932","title":"Extractive Activities—Oil and Gas","topic_title":"Intangibles—Goodwill and Other","score":0.7857,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:abd144d16d1aa87d6e7749a541f8c13016c20ea3d99033df42a19aa10dfccd5b","downloaded_from":"2026-09-10T00:04:39.480Z","last_downloaded_at":"2026-09-10T00:04:44.333Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"810-932","title":"Extractive Activities—Oil and Gas","topic_title":"Consolidation","score":0.7407,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6c7258b5cb996297d712a3f0d61eca0e54efbb6842fbee3e8c694c6ab48a909","downloaded_from":"2026-09-10T01:31:06.373Z","last_downloaded_at":"2026-09-10T01:31:16.096Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"225-932","title":"Extractive Activities—Oil and Gas","topic_title":"Income Statement","score":0.7318,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af3322f7101f02dbada3654e0cedac128218d1218cc78083fd3d816b363a2c37","downloaded_from":"2026-09-09T23:09:23.688Z","last_downloaded_at":"2026-09-09T23:09:35.806Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-932","title":"Extractive Activities—Oil and Gas","topic_title":"Other Expenses","score":0.7026,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f88ec4e416af7e805736a14348e10af20ad11095aceaa8b8aa714fc30da822cd","downloaded_from":"2026-09-10T01:10:32.559Z","last_downloaded_at":"2026-09-10T01:10:47.285Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"280-924","title":"Entertainment—Casinos","topic_title":"Segment Reporting","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fccd5969b15efe3c1f83251ae94a5bd38bed317f4051f2da89aadd096876c21","downloaded_from":"2026-09-09T23:23:20.429Z","last_downloaded_at":"2026-09-09T23:23:26.099Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"280-954","title":"Health Care Entities","topic_title":"Segment Reporting","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:976007736c23e41270af4a94998fb1080202661b26c006a99a66169a338e8937","downloaded_from":"2026-09-09T23:23:37.140Z","last_downloaded_at":"2026-09-09T23:23:41.372Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6f5f96d83ab008635a6f132da33dd3d4a3c7b86fef1843b91cd19dc380f8245","downloaded_from":"2026-09-09T23:23:29.240Z","last_downloaded_at":"2026-09-09T23:23:35.523Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}