{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/940/","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":"310-940","topic":"310","title":"Financial Services—Brokers and Dealers","area":"Assets","paragraphs":2,"summary":"ASC 310-940 is a \"link\" subtopic: it contains no substantive accounting guidance of its own. It simply directs readers looking for guidance on receivables of brokers and dealers in securities to other locations in the Codification — specifically, Subtopic 940-325 for receivables arising as part of a financial-restructuring transaction (310-940-05-2).","concepts":["broker-dealer receivables","link subtopic","financial restructuring transaction","industry-specific guidance","codification cross-reference","securities brokers and dealers"],"categories":["Financial instruments","Industry-specific","Recognition"],"level":"intermediate","topic_title":"Receivables","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"310-940-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic only provides a link to guidance on receivables of brokers and dealers in securities (broker-dealers).</div></div>","snippet":"This Subtopic only provides a link to guidance on receivables of brokers and dealers in securities (broker-dealers).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04554a9184c01fe168e7b29cb799bd4ff4bf5bbe161968f8d302ab733d559406","downloaded_from":"2026-09-09T23:28:57.183Z","last_downloaded_at":"2026-09-09T23:28:57.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478102","source_sha256":"5e66bde3020e21dc6134dbee2f25f627d204299f97e84bd85c0d223947764008"}},{"citation":"310-940-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on receivables that are part of a financial-restructuring transaction (as described in paragraphs <a href=\"/asc/325/940/#325-940-05-1\" class=\"xref\">940-325-05-1</a>, <a href=\"/asc/325/940/#325-940-30-1\" class=\"xref\">940-325-30-1</a> and <a href=\"/asc/325/940/#325-940-35-1\" class=\"xref\">940-325-35-1</a>), see Subtopic <a altsource=\"GUID-35AF744D-E729-415C-8ECD-A19FD663CF9F.ditamap\" class=\"ditamap\">940-325</a>.</div></div>","snippet":"For guidance on receivables that are part of a financial-restructuring transaction (as described in paragraphs 940-325-05-1, 940-325-30-1 and 940-325-35-1), see Subtopic 940-325.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59434f2186c69251cdd8087b6f6853059a04e58d25b014ce493fb9903f4a5e3e","downloaded_from":"2026-09-09T23:28:57.183Z","last_downloaded_at":"2026-09-09T23:28:57.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478102","source_sha256":"5e66bde3020e21dc6134dbee2f25f627d204299f97e84bd85c0d223947764008"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42c1906927f0557a2e2bd87a9f56f997df2a2d9d38cfadcee8e1b174ec643758","downloaded_from":"2026-09-09T23:28:57.183Z","last_downloaded_at":"2026-09-09T23:28:57.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478102","source_sha256":"5e66bde3020e21dc6134dbee2f25f627d204299f97e84bd85c0d223947764008"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9de9b53038ec5a80f2306c882945478fe50eb15eea4678ea6a24edcbd0e30c26","downloaded_from":"2026-09-09T23:28:57.183Z","last_downloaded_at":"2026-09-09T23:28:57.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478102","source_sha256":"5e66bde3020e21dc6134dbee2f25f627d204299f97e84bd85c0d223947764008"}}],"enrichment":{"summary":"ASC 310-940 is a \"link\" subtopic: it contains no substantive accounting guidance of its own. It simply directs readers looking for guidance on receivables of brokers and dealers in securities to other locations in the Codification — specifically, Subtopic 940-325 for receivables arising as part of a financial-restructuring transaction (310-940-05-2).","key_points":["Per 310-940-05-1, this Subtopic only provides a link to guidance on receivables of brokers and dealers in securities (broker-dealers); it establishes no recognition, measurement, or disclosure requirements itself.","Per 310-940-05-2, receivables that are part of a financial-restructuring transaction (as described in 940-325-05-1, 940-325-30-1, and 940-325-35-1) are accounted for under Subtopic 940-325.","Because the industry guidance resides in Topic 940 (Financial Services—Brokers and Dealers), a researcher who starts in Topic 310 must follow the cross-reference rather than apply general receivables guidance by default.","The Subtopic contains only Section 05 (Overview and Background); the absence of Sections 25, 30, 35, and 50 signals that no incremental broker-dealer receivables guidance is codified in Topic 310."],"categories":["Financial instruments","Industry-specific","Recognition"],"audience_level":"intermediate","student_note":"The practical point is research navigation: ASC 310-940 exists only to route you to Subtopic 940-325, so don't waste time hunting for broker-dealer receivable rules inside Topic 310. A common misunderstanding is assuming a \"link\" subtopic imposes its own requirements or that general Topic 310 receivables guidance automatically governs broker-dealer financial-restructuring receivables.","related_topics":["940-325","940","310-10","326-20","940-320"],"key_concepts":["broker-dealer receivables","link subtopic","financial restructuring transaction","industry-specific guidance","codification cross-reference","securities brokers and dealers"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:019fc75c7f577f2e9d0d078252fb7cf3c2e7202cc1da59f4a5709eeed07183e9","downloaded_from":"2026-09-09T23:28:57.183Z","last_downloaded_at":"2026-09-09T23:28:57.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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Dealers","topic_title":"Liabilities","score":0.7567,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a74d2f8983c8c06c9538b84aa5d8c3509673fab012342848a88eccbc2026f0d6","downloaded_from":"2026-09-10T00:18:03.082Z","last_downloaded_at":"2026-09-10T00:18:22.655Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"310-946","title":"Financial Services—Investment 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