# ASC 220-10-15: Income Statement—Reporting Comprehensive Income — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

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## ASC 220-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/220/10/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [220-10-15-1](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-1)

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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.

#### Entities

##### [220-10-15-2](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-2)

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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](https://asc.understandingaccounting.org/asc/230/10/#230-10-15-4).

##### [220-10-15-3](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-3)

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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](https://asc.understandingaccounting.org/glossary/o/#other-comprehensive-income "Revenues, expenses, gains, and losses that under generally accepted accounting principles (GAAP) are included in comprehensive income but excluded from net income.") in any period presented. In such cases, the entity is not required to report other comprehensive income or [comprehensive income](https://asc.understandingaccounting.org/glossary/c/#comprehensive-income "The change in equity (net assets) of a business entity during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income comprises both of the following:All components of net incomeAll components of other comprehensive income."). See paragraph [220-10-45-10A](https://asc.understandingaccounting.org/asc/220/10/#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.

##### [220-10-15-4](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-4)

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[Paragraph superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/updates/asu-2011-05/).

##### [220-10-15-5](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-5)

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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).