{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/10/#15-scope-and-scope-exceptions","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"220","topic_title":"Income Statement—Reporting Comprehensive Income","subtopic":"220-10","subtopic_title":"Overall","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Income Statement—Reporting Comprehensive Income Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Income Statement—Reporting Comprehensive Income Topic.
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Except as noted in the following paragraph, the guidance in the Income Statement—Reporting Comprehensive Income Topic applies to all entities, including:
  1. a
    Entities that provide a full set of financial statements that report financial position, results of operations, and cash flows
  2. b
    Investment companies, defined benefit pension plans, and other employee benefit plans that are exempt from the requirement to provide a statement of cash flows by paragraph 230-10-15-4.
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The guidance in this Topic does not apply to the following entities:
  1. a
    An entity that has no items of other comprehensive income in any period presented. In such cases, the entity is not required to report other comprehensive income or comprehensive income. See paragraph 220-10-45-10A for items that are required to be reported as other comprehensive income.
  2. b
    A not-for-profit entity (NFP) that is required to follow the provisions of Subtopic 958-205.
","snippet":"The guidance in this Topic does not apply to the following entities:\n(a) An entity that has no items of other comprehensive income in any period presented. In such cases, the entity is not required to report other compre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d693a4aa4048d34d6f31a81f9c98dfdf5f22550b93f35ca05007293706519d","downloaded_from":"2026-09-09T23:03:18.992Z","last_downloaded_at":"2026-09-09T23:03:18.992Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482917","source_sha256":"ce83a982f84281cbfcc2d4915ea863597e0014f6529502373bc201478791a3c9"}},{"citation":"220-10-15-4","para":"15-4","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b395b97027824dbc761be3ab93d05230e0deed59848a34bf956abd0c2449a8da","downloaded_from":"2026-09-09T23:03:18.992Z","last_downloaded_at":"2026-09-09T23:03:18.992Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482917","source_sha256":"ce83a982f84281cbfcc2d4915ea863597e0014f6529502373bc201478791a3c9"}},{"citation":"220-10-15-5","para":"15-5","html":"
The guidance in the Income Statement—Reporting Comprehensive Income Topic applies to general-purpose statements that purport to present results of operations in conformity with generally accepted accounting principles (GAAP).
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