{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/932/#35-subsequent-measurement","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":"330-932","subtopic_title":"Extractive Activities—Oil and Gas","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-932-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_E95E6005-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Energy trading contracts that are not accounted for as derivatives in accordance with Topic <a altsource=\"GUID-128369CC-8E3A-4A7E-8F25-33E42B0761E4.ditamap\" class=\"ditamap\">815</a> on derivatives and hedging shall not be measured subsequently at fair value through earnings. </span></span> <span class=\"sfragment\" id=\"sfr_E95E60FE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Entities shall not measure physical inventories at fair value, except as provided by guidance in other Topics. </span></span> </div> </div>","snippet":"Energy trading contracts that are not accounted for as derivatives in accordance with Topic 815 on derivatives and hedging shall not be measured subsequently at fair value through earnings. Entities shall not measure phy…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9b17d593c83322638970c85cc2707f122658bdd810120001ea4db0bc35c5290","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5046b53f104bf3ed08b8b750656f326ceb5dba9c7c961ec1b8473425277dfbe6","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}},{"block":null,"heading":"Exchanges of Inventory","paragraphs":[{"citation":"330-932-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">For exchanges of inventories, the buying and selling of inventory with the same counterparty, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/845/10/#845-10-15-5\" class=\"xref\">845-10-15-5 through 15-9</a></div>.</div> </div>","snippet":"For exchanges of inventories, the buying and selling of inventory with the same counterparty, see paragraphs 845-10-15-5 through 15-9.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a617c453c7aea8516a5585ae602e4f501a76d723bd459c00c224ef9724fbc42c","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebae00b16c5bfa17d28972ebf5ede3acb5a861c5978e86198b1996b73608f98c","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8119dee9f77d3c62f365475a994719d92ffa4f3e6df20ebd6290d8de277ee90b","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8119dee9f77d3c62f365475a994719d92ffa4f3e6df20ebd6290d8de277ee90b","downloaded_from":"2026-09-09T23:53:19.048Z","last_downloaded_at":"2026-09-09T23:53:19.048Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478147","source_sha256":"83f83ecb8296b440356c9d03a8e689f59cb2dee3ac6d50bd02c9f295a7cce6a1"}}