{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/908/#05-overview-and-background","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":"330-908","subtopic_title":"Airlines","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance for inventory accounting for entities in the airline industry.</div></div>","snippet":"This Subtopic provides guidance for inventory accounting for entities in the airline industry.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a242b038e52fbe6029f69e884f512a6c037aa594630ee903c7c13fc4556b4cf9","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}},{"citation":"330-908-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17761989-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The inventories in an airline operation (that is, carrier services for passengers and/or cargo) are for internal consumption and not for sale; they therefore differ substantially from the classical definition (see Topic <a altsource=\"GUID-9BC45383-18BB-434A-89C4-61B06E1589B4.ditamap\" class=\"ditamap\">330</a>). </span></span><span class=\"sfragment\" id=\"sfr_17761AFA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Inventories in an airline operation comprise primarily expendable (spare) parts and materials and supplies used in the airline's operation. </span></span></div></div>","snippet":"The inventories in an airline operation (that is, carrier services for passengers and/or cargo) are for internal consumption and not for sale; they therefore differ substantially from the classical definition (see Topic …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:159f033d374d9cd01389f6bb7b3aceb545b2c7157a5324c82d5146cb2dd4eaa2","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:477bc86f69830afa5a18418b97649e088b3fa3f8e00809f1b521410874eb7223","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a551ed9e808afc26c71de19362a0c94406f121bd389835c0532e51e778665cc","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a551ed9e808afc26c71de19362a0c94406f121bd389835c0532e51e778665cc","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}}