# ASC 940-10-05: Financial Services—Brokers and Dealers — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/940/10/#05-overview-and-background)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T02:13:20.368Z to 2026-09-10T02:13:20.368Z

Record version: sha256:9b27b989f937c30081a04b193c162c6f103d8799bfffe321369c074aa7b18191

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 940-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/940/10/#05-overview-and-background)

SEC content: no

##### [940-10-05-1](https://asc.understandingaccounting.org/asc/940/10/#940-10-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:13:20.368Z to 2026-09-10T02:13:20.368Z

Record version: sha256:427a71afaeecfdda58d7c97546384101a864bf0b2551afd2e46b45de1543b8a3

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The Financial Services—Brokers and Dealers Topic includes the following Subtopics relating specifically to brokers and dealers in securities (broker-dealers):

1.  a
    
    Overall
    
2.  b
    
    Broker-Dealer Activities
    
3.  c
    
    Receivables
    
4.  d
    
    Investments—Debt and Equity Securities
    
5.  e
    
    Investments—All Other
    
6.  f
    
    Other Assets and Deferred Costs
    
7.  g
    
    Liabilities
    
8.  h
    
    [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).
    
9.  i
    
    Consolidation
    
10.  j
     
     Fair Value Measurements.

##### [940-10-05-2](https://asc.understandingaccounting.org/asc/940/10/#940-10-05-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:13:20.368Z to 2026-09-10T02:13:20.368Z

Record version: sha256:3284c46e133c0156ea722c0e288111f273c6306a67415f58c814e427f3cffbab

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


Each Subtopic provides background on the guidance provided.