Accounting Standards Update · 2010
ASU 2010-03 — Extractive Activities—Oil and Gas (Topic 932)
The objective of the amendments included in this Update is to align the oil and gas reserve estimation and disclosure requirements of Extractive Activities—Oil and Gas (Topic 932) with the requirements in the Securities and Exchange Commission's final rule, Modernization of the Oil and Gas Reporting Requirements (the Final Rule). The Final Rule was issued on December 31, 2008.
Issued: January 6, 2010
Text as published in the FASB Accounting Standards Codification, Basic View.