subtopic organization

Industry2

1. 940-10Overall940 Financial Services—Brokers and Dealers

   ASC 940-10 is the Overall subtopic of the Financial Services—Brokers and Dealers Topic, which lists the Topic's constituent subtopics (Broker-Dealer Activities, Receivables, Investments, Other Assets and Deferred Costs, Liabilities, Consolidation, and Fair Value Measurements) and sets its scope. The Topic applies to all entities that are brokers and dealers in securities and supplies only incremental industry-specific guidance; broker-dealers must still follow all other applicable GAAP outside the Topic.

2. 942-10Overall942 Financial Services—Depository and Lending

   ASC 942-10 is the Overall subtopic that sets the scope and organization of the Financial Services—Depository and Lending Topic. It identifies the Subtopics (balance sheet, income statement, receivables, investments, income taxes, business combinations, consolidation, etc.) that supply incremental, industry-specific guidance for depository and lending institutions, and lists the entities covered — banks, credit unions, finance and mortgage companies, savings institutions, bank and S&L holding companies, and U.S.-regulated branches/agencies of foreign banks. Entities in scope must still follow all otherwise applicable GAAP; Topic 942 only adds industry overlays.