{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/978/#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":"330-978","subtopic_title":"Real Estate—Time-Sharing Activities","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-978-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses real estate <a href=\"/glossary/t/#time-sharing\" class=\"term\" title=\"An arrangement in which a seller sells or conveys the right to occupy a dwelling unit for specified periods in the future. Forms of time-sharing arrangements include but are not limited to fixed and floating time, interval ownership, undivided interests, points programs, vacation clubs, right-to-use arrangements such as tenancy-for-years arrangements, and arrangements involving special-purpose entities. In this context, an undivided interest is a time-sharing arrangement that involves a tenant-in-common interest in a condominium unit or entire improved property, and in which the interest holder is assigned a specific period (generally, a specific week). The interest holder is also assigned a specific unit if the undivided interest is in the entire improved property.\"><span>time-sharing</span></a> inventory measurement issues. Time-sharing inventory consists of <a href=\"/glossary/t/#time-sharing-interest\" class=\"term\" title=\"See Interval.\"><span>time-sharing interests</span></a> or <a href=\"/glossary/i/#interval\" class=\"term\" title=\"The specific period (generally, a specific week) during the year that a time-sharing unit is specified by agreement to be available for occupancy by a particular customer. Also denoted Time-Sharing Interest or Time-Share.\"><span>intervals</span></a>.</div></div>","snippet":"This Subtopic addresses real estate time-sharing inventory measurement issues. Time-sharing inventory consists of time-sharing interests or intervals.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64334e2a978488e66cf7f5b4f374880d1901efd2c3737c9b7cb39b3df429f0d0","downloaded_from":"2026-09-09T23:53:39.402Z","last_downloaded_at":"2026-09-09T23:53:39.402Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478281","source_sha256":"1c8c62c7a75bbb19debdcc6f1d81fba8ed520594222aa461c4ddee7b880394e4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f5b1ef4fbacae5a1f9f294225042f0691b85f30c2e350ab63cceeabb6a0ab637","downloaded_from":"2026-09-09T23:53:39.402Z","last_downloaded_at":"2026-09-09T23:53:39.402Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478281","source_sha256":"1c8c62c7a75bbb19debdcc6f1d81fba8ed520594222aa461c4ddee7b880394e4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:425ef4ddeed47bbd416154a493e396b8637ae8c0293357a3550c65e07a246bb5","downloaded_from":"2026-09-09T23:53:39.402Z","last_downloaded_at":"2026-09-09T23:53:39.402Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478281","source_sha256":"1c8c62c7a75bbb19debdcc6f1d81fba8ed520594222aa461c4ddee7b880394e4"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:425ef4ddeed47bbd416154a493e396b8637ae8c0293357a3550c65e07a246bb5","downloaded_from":"2026-09-09T23:53:39.402Z","last_downloaded_at":"2026-09-09T23:53:39.402Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478281","source_sha256":"1c8c62c7a75bbb19debdcc6f1d81fba8ed520594222aa461c4ddee7b880394e4"}}