# ASC 250-10-15: Accounting Changes and Error Corrections — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/250/10/#15-scope-and-scope-exceptions)

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## ASC 250-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/250/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [250-10-15-1](https://asc.understandingaccounting.org/asc/250/10/#250-10-15-1)

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The Scope Section of the Overall Subtopic establishes the pervasive scope for the Accounting Changes and Error Corrections Topic.

#### Entities

##### [250-10-15-2](https://asc.understandingaccounting.org/asc/250/10/#250-10-15-2)

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The guidance in this Subtopic applies to all entities.

#### Other Considerations

##### [250-10-15-3](https://asc.understandingaccounting.org/asc/250/10/#250-10-15-3)

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The guidance in this Subtopic applies to each of the following items for business entities and not-for-profit entities (NFPs):

1.  a
    
    Financial statements
    
2.  b
    
    Historical summaries of information based on primary financial statements that include an accounting period in which an [accounting change](https://asc.understandingaccounting.org/glossary/a/#accounting-change "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.") or error correction is reflected.

##### [250-10-15-4](https://asc.understandingaccounting.org/asc/250/10/#250-10-15-4)

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This Topic does not change the transition provisions of any existing guidance.