{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/250/10/#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":"250","topic_title":"Accounting Changes and Error Corrections","subtopic":"250-10","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":"250-10-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Scope Section of the Overall Subtopic establishes the pervasive scope for the Accounting Changes and Error Corrections Topic.</div></div>","snippet":"The Scope Section of the Overall Subtopic establishes the pervasive scope for the Accounting Changes and Error Corrections Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6aa027dfbee07fa579e389eb3dabd0d0bc964b719ffd26093e85e3df9323e67","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51c91fca79d684ba9303abe3317ad18b369400898fc3250e17b0fc5e20ac94d6","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"250-10-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all entities.</div></div>","snippet":"The guidance in this Subtopic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcabba53a34186639c6aab6fd929cb325f78e6125b1965c39cfa82d48f25100f","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c76738ec4c9fcad874153675dc49ddd2b311068b9b13e537e71ec3cdf289b924","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"250-10-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_77411C8B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The guidance in this Subtopic applies to each of the following items for business entities and not-for-profit entities (NFPs): </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Financial statements</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_77411DB5-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Historical summaries of information based on primary financial statements that include an accounting period in which an <a href=\"/glossary/a/#accounting-change\" class=\"term\" title=\"A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.\"><span>accounting change</span></a> or error correction is reflected. </span></span></div></li></ol></div></div>","snippet":"The guidance in this Subtopic applies to each of the following items for business entities and not-for-profit entities (NFPs):\n(a) Financial statements\n(b) Historical summaries of information based on primary financial s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9681e6ead0c0bd9b35926d544301827723091b571dde6c05b7d8e5fdfef4a1f0","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}},{"citation":"250-10-15-4","para":"15-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_77411EBA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Topic does not change the transition provisions of any existing guidance.</span></span></div></div>","snippet":"This Topic does not change the transition provisions of any existing guidance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e31991ba99e0bedc48ffeedb34afd012f314043eed617ebe3f689a1dfe2d8f5","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:abbde2f75370da0c29e48a0f0250a30022eb1745d95e5ae68aa059ef88d0e7fe","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f8a1f4b4ee6dc2d5a1fe7d6302482b50c4ffd5a60cd92ee4d6abbdac1e7d396","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f8a1f4b4ee6dc2d5a1fe7d6302482b50c4ffd5a60cd92ee4d6abbdac1e7d396","downloaded_from":"2026-09-09T23:17:03.181Z","last_downloaded_at":"2026-09-09T23:17:03.181Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483422","source_sha256":"5075e2fa80586e49c0d762597f1246acadb7dd448ef5d77bbb08f3375dac3ef6"}}