# ASC 810-932-05: Consolidation — Extractive Activities—Oil and Gas — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/932/#05-overview-and-background)

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## ASC 810-932-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/810/932/#05-overview-and-background)

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##### [810-932-05-1](https://asc.understandingaccounting.org/asc/810/932/#810-932-05-1)

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This Subtopic addresses proportionate consolidation, which is allowed in industries in which it has been industry practice. The oil and gas industry is one of the industries in which this is an allowed practice.