# ASC 220-40-15: Income Statement—Reporting Comprehensive Income — Expense Disaggregation Disclosures — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/220/40/#15-scope-and-scope-exceptions) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:04:57.683Z to 2026-09-09T23:04:57.683Z Record version: sha256:b3a371160dc7cd3d80b29ff1b49918a3b4617ac3ef9c9b9a54a6a55688c5239b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-40-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/220/40/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [220-40-15-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-15-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:04:57.683Z to 2026-09-09T23:04:57.683Z Record version: sha256:c7c515db403dfcae8398f8425f5ec8e33d9a37498407174723dabfb665bf55fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)This Subtopic has its own discrete scope, which is separate and distinct from the pervasive scope for this Topic as outlined in Section 220-10-15. #### Entities ##### [220-40-15-2](https://asc.understandingaccounting.org/asc/220/40/#220-40-15-2) Pending content: yes Source downloaded (UTC): 2026-09-09T23:04:57.683Z to 2026-09-09T23:04:57.683Z Record version: sha256:343a49c856ef1d693f08331d41d94a6229c9cea37d707edd6e066389e06bb355 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)The guidance in this Subtopic applies to all [public business entities](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."). ##### [220-40-15-3](https://asc.understandingaccounting.org/asc/220/40/#220-40-15-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:04:57.683Z to 2026-09-09T23:04:57.683Z Record version: sha256:cfca4e4014f28bfa61b20101fed36073435a46efd7bf81b3dea45fda0709f866 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)The guidance in this Subtopic does not apply to the following entities: 1. a [Private companies](https://asc.understandingaccounting.org/glossary/p/#private-company "An entity other than a public business entity, a not-for-profit entity, or an employee benefit plan within the scope of Topics 960 through 965 on plan accounting.") 2. b [Not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") 3. c Employee benefit plans within the scope of any of the following Topics: 1. 1 Plan Accounting—Defined Benefit Pension Plans (Topic 960) 2. 2 Plan Accounting—Defined Contribution Pension Plans (Topic 962) 3. 3 Plan Accounting—Health and Welfare Benefit Plans (Topic 965).