# ASC 605-905-05: Revenue Recognition — Agriculture — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/605/905/#05-overview-and-background)

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## ASC 605-905-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/605/905/#05-overview-and-background)

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##### [605-905-05-1](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-1)

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This Subtopic addresses revenue recognition for entities in the agricultural industry. The guidance for accounting by different entities is presented in the following two Subsections:

1.  a
    
    General
    
2.  b
    
    Cooperatives
    
3.  c
    
    [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-905-05-2](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-2)

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The General Subsections provide guidance for all entities in the agricultural industry.

### Cooperatives

##### [605-905-05-3](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-3)

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The Cooperative Subsections address revenue recognition for cooperatives in the agricultural industry.

### Cooperatives—Patrons

##### [605-905-05-4](https://asc.understandingaccounting.org/asc/605/905/#605-905-05-4)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).