# ASC 820-940-05: Fair Value Measurement — Financial Services—Brokers and Dealers — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/820/940/#05-overview-and-background)

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## ASC 820-940-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/820/940/#05-overview-and-background)

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##### [820-940-05-1](https://asc.understandingaccounting.org/asc/820/940/#820-940-05-1)

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This Subtopic addresses [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") measurements and disclosures for brokers and dealers in securities (broker-dealers).