# ASC 105-10-15: Generally Accepted Accounting Principles — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/105/10/#15-scope-and-scope-exceptions)

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## ASC 105-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/105/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [105-10-15-1](https://asc.understandingaccounting.org/asc/105/10/#105-10-15-1)

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The _Financial Accounting Standards Board (FASB) Accounting Standards Codification_<sup class="ph sup">®</sup> applies to financial statements of [nongovernmental entities](https://asc.understandingaccounting.org/glossary/n/#nongovernmental-entity "An entity that is not required to issue financial reports in accordance with guidance promulgated by the Governmental Accounting Standards Board or the Federal Accounting Standards Advisory Board.") that are presented in conformity with generally accepted accounting principles (GAAP).

##### [105-10-15-2](https://asc.understandingaccounting.org/asc/105/10/#105-10-15-2)

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Content in the Securities and Exchange Commission (SEC) Sections of the Codification is provided for convenience and relates only to financial statements of SEC registrants that are presented in conformity with GAAP.