# ASC 205-10-15: Presentation of Financial Statements — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/205/10/#15-scope-and-scope-exceptions)

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## ASC 205-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/205/10/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [205-10-15-1](https://asc.understandingaccounting.org/asc/205/10/#205-10-15-1)

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The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Presentation of Financial Statements Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Presentation of Financial Statements Topic.

#### Entities

##### [205-10-15-2](https://asc.understandingaccounting.org/asc/205/10/#205-10-15-2)

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The guidance in the Presentation of Financial Statements Topic applies to business entities and not-for-profit entities (NFPs).