# ASC 255-10-15: Changing Prices — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/255/10/#15-scope-and-scope-exceptions)

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## ASC 255-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/255/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [255-10-15-1](https://asc.understandingaccounting.org/asc/255/10/#255-10-15-1)

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The Scope Section of the Overall Subtopic establishes the pervasive scope for the Changing Prices Topic.

#### Entities

##### [255-10-15-2](https://asc.understandingaccounting.org/asc/255/10/#255-10-15-2)

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The guidance in the Changing Prices Topic applies to the following entities:

1.  a
    
    Business entities that prepare their financial statements in U.S. dollars and in accordance with U.S. generally accepted accounting principles (GAAP)
    
2.  b
    
    Foreign entities that prepare financial statements in the currency of the country in which the operations reported on are conducted and that operate in countries with hyperinflationary economies.

##### [255-10-15-3](https://asc.understandingaccounting.org/asc/255/10/#255-10-15-3)

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The disclosure of information on the effects of changing prices as outlined in this Topic is encouraged, but not required.