net realizable value

Assets4

1. 310-905Agriculture310 Receivables

   ASC 310-905 provides industry-specific guidance on receivables (loans, notes, and others) for agricultural entities, with dedicated Cooperatives—Patrons Subsections for patrons of agricultural cooperatives. Its core rules govern when a patron recognizes a patronage refund receivable and how a patron's unbilled receivable from products delivered to a cooperative is subsequently measured. Scope follows ASC 905-10-15.

2. 310-946Financial Services—Investment Companies310 Receivables

   This Subtopic governs how an investment company presents receivables in its statement of assets and liabilities. Receivables must be listed separately at net realizable value by category — dividends and interest, investment securities sold, capital stock sold, and other accounts receivable (including related-party and affiliate expense-reimbursement receivables and variation margin on open futures contracts). Foreign-currency-denominated receivables are translated into the functional currency at current exchange rates and may be grouped with the corresponding functional currency receivables.

3. 330-905Agriculture330 Inventory

   ASC 330-905 applies Inventory guidance to the agricultural industry, covering producers (growing crops, developing animals, harvested crops, livestock held for sale, secondary products), pooling cooperatives, and cooperative patrons. Direct and indirect costs of growing crops are accumulated until harvest, with pre-planting costs deferred and post-harvest cultural costs estimated and accrued to the harvested crop. Harvested crops and animals held for sale may be carried at net realizable value if they have a reliable, readily determinable market price, insignificant and predictable disposal costs, and immediate availability for delivery; otherwise Subtopic 330-10 measurement applies.

4. 330-926Entertainment—Films330 Inventory

   This subtopic applies inventory accounting to film production and distribution entities that hold physical products for sale, such as videocassettes and digital video discs. Its core rule is that at each balance sheet date the entity must evaluate these product inventories for net realizable value and obsolescence exposure and record appropriate adjustments (330-926-35-1). Scope follows the Entertainment—Films Overall Subtopic scope in Section 926-10-15.