# ASC 230-10-15: Statement of Cash Flows — Overall — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/230/10/#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): 2026-09-09T23:11:26.603Z to 2026-09-09T23:11:26.603Z Record version: sha256:3f9765e6be7ae6fd3610ad37a898b2469e77aa0b4c30358a217b8408bf2877db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 230-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/230/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [230-10-15-1](https://asc.understandingaccounting.org/asc/230/10/#230-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:11:26.603Z to 2026-09-09T23:11:26.603Z Record version: sha256:e219368abf15b5a0bc6d2a4800f48127897cd49eebc5e7fac109e2bfc1b2f46f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Scope Section of the Overall Subtopic establishes the pervasive scope for the Statement of Cash Flows Topic. #### Entities ##### [230-10-15-2](https://asc.understandingaccounting.org/asc/230/10/#230-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:11:26.603Z to 2026-09-09T23:11:26.603Z Record version: sha256:9c3573e0f0c1401e6d2cea375f16bfb2b3d91fbd9266f54f93c0edd9e1147443 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Statement of Cash Flows Topic applies to all entities, including both business entities and not-for-profit entities (NFPs), with specific exceptions noted below. The phrase _investors, creditors, and others_ includes donors. The terms _income statement_ and _net income_ apply to a business entity; the terms _statement of activities_ and _change in net assets_ apply to an NFP. ##### [230-10-15-3](https://asc.understandingaccounting.org/asc/230/10/#230-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:11:26.603Z to 2026-09-09T23:11:26.603Z Record version: sha256:89d987dd867fb33ea44a92bd686e69cdc069f65a70ef80a27f7f79c160dc915f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A business entity or NFP that provides a set of financial statements that reports both financial position and results of operations shall also provide a statement of cash flows for each period for which results of operations are provided. ##### [230-10-15-4](https://asc.understandingaccounting.org/asc/230/10/#230-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:11:26.603Z to 2026-09-09T23:11:26.603Z Record version: sha256:8d22f4a58ab7697e2b96d51e72f4d204991dbaefc2ea68440c372fa8ae4192f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Topic does not apply to the following entities: 1. a A statement of cash flows is not required to be provided by a defined benefit pension plan that presents financial information in accordance with the provisions of Topic 960. Other employee benefit plans that present financial information similar to that required by Topic 960 (including the presentation of plan investments at fair value) also are not required to provide a statement of cash flows. Employee benefit plans are encouraged to include a statement of cash flows with their annual financial statements when that statement would provide relevant information about the ability of the plan to meet future obligations (for example, when the plan invests in assets that are not highly liquid or obtains financing for investments). 2. b Provided that the conditions in (c) are met, a statement of cash flows is not required to be provided by the following entities: 1. 1 An investment company within the scope of Topic 946 on investment companies 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2013-08](https://asc.understandingaccounting.org/updates/asu-2013-08/). 3. 3 A common trust fund, variable annuity account, or similar fund maintained by a bank, insurance entity, or other entity in its capacity as a trustee, administrator, or guardian for the collective investment and reinvestment of funds. 3. c For an investment company specified in (b) to be exempt from the requirement to provide a statement of cash flows, all of the following conditions must be met: 1. 1 [Subparagraph superseded by Accounting Standards Update No. 2013-08](https://asc.understandingaccounting.org/updates/asu-2013-08/). 2. 2 During the period, substantially all of the entity's investments were carried at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") and classified in accordance with Topic 820 as Level 1 or Level 2 measurements or were measured using the practical expedient in paragraph [820-10-35-59](https://asc.understandingaccounting.org/asc/820/10/#820-10-35-59) to determine their fair values and are redeemable in the near term at all times. 3. 3 The entity had little or no debt, based on the average debt outstanding during the period, in relation to average total assets. For the purpose of determining average debt outstanding, obligations resulting from redemptions of shares by the entity from unsettled purchases of securities or similar assets, or from covered options written generally may be excluded. However, any extension of credit by the seller that is not in accordance with standard industry practices for redeeming shares or for settling purchases of investments shall be included in average debt outstanding. 4. 4 The entity provides a statement of changes in net assets.