# ASC 310-940: Receivables — Financial Services—Brokers and Dealers

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/940/)

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.

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Source downloaded (UTC): 2026-09-09T23:28:57.183Z to 2026-09-09T23:28:57.183Z

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## ASC 310-940: Receivables — Financial Services—Brokers and Dealers

### Machine-generated study aids

```json
{
  "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"
  ]
}
```

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## ASC 310-940-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/310/940/#05-overview-and-background)

SEC content: no

##### [310-940-05-1](https://asc.understandingaccounting.org/asc/310/940/#310-940-05-1)

Pending content: no

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This Subtopic only provides a link to guidance on receivables of brokers and dealers in securities (broker-dealers).

##### [310-940-05-2](https://asc.understandingaccounting.org/asc/310/940/#310-940-05-2)

Pending content: no

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For guidance on receivables that are part of a financial-restructuring transaction (as described in paragraphs [940-325-05-1](https://asc.understandingaccounting.org/asc/325/940/#325-940-05-1), [940-325-30-1](https://asc.understandingaccounting.org/asc/325/940/#325-940-30-1) and [940-325-35-1](https://asc.understandingaccounting.org/asc/325/940/#325-940-35-1)), see Subtopic 940-325.