# ASC 274-10-15: Personal Financial Statements — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/274/10/#15-scope-and-scope-exceptions)

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## ASC 274-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/274/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [274-10-15-1](https://asc.understandingaccounting.org/asc/274/10/#274-10-15-1)

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The guidance in this Subtopic applies to the following entities:

1.  a
    
    All individuals
    
2.  b
    
    All groups of related individuals (families).

#### Other Considerations

##### [274-10-15-2](https://asc.understandingaccounting.org/asc/274/10/#274-10-15-2)

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Generally accepted accounting principles other than those discussed in this Subtopic may apply to personal financial statements. For example, Topic 450 provides guidance on accounting for contingencies and Topic 850 provides guidance on related-party disclosures.