{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/10/#10-objectives","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.","topic":"330","topic_title":"Inventory","subtopic":"330-10","subtopic_title":"Overall","section":{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-10-10-1","para":"10-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_63DA669F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A major objective of accounting for inventories is the proper determination of income through the process of matching appropriate costs against revenues. </span></span></div></div>","snippet":"A major objective of accounting for inventories is the proper determination of income through the process of matching appropriate costs against revenues.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c13291aa10001aac803051bd65fcb11830453c0cbe25d53e360018813b496c96","downloaded_from":"2026-09-09T23:50:35.647Z","last_downloaded_at":"2026-09-09T23:50:35.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483033","source_sha256":"aa2293157e42d5892662b2ab69d55ac7b76e3741ff5332fea43db5759d4561a0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3bb48e259341b1eb3b95869143831794b44e35b4d0f9c2dbaf422f4e1762960","downloaded_from":"2026-09-09T23:50:35.647Z","last_downloaded_at":"2026-09-09T23:50:35.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483033","source_sha256":"aa2293157e42d5892662b2ab69d55ac7b76e3741ff5332fea43db5759d4561a0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb5b9f36f4b4e3f319dd18ad7d92abd8b5b1a273864545d905e4dbbc4d79a2ab","downloaded_from":"2026-09-09T23:50:35.647Z","last_downloaded_at":"2026-09-09T23:50:35.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483033","source_sha256":"aa2293157e42d5892662b2ab69d55ac7b76e3741ff5332fea43db5759d4561a0"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb5b9f36f4b4e3f319dd18ad7d92abd8b5b1a273864545d905e4dbbc4d79a2ab","downloaded_from":"2026-09-09T23:50:35.647Z","last_downloaded_at":"2026-09-09T23:50:35.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483033","source_sha256":"aa2293157e42d5892662b2ab69d55ac7b76e3741ff5332fea43db5759d4561a0"}}