{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/10/#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":"310","topic_title":"Receivables","subtopic":"310-10","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":"Entities","paragraphs":[{"citation":"310-10-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the General Subsections applies to all entities.</div></div>","snippet":"The guidance in the General Subsections applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ccad1ae77cb882cc70ee5656ab57450025ce775e30e7843779e6b7d5f4035be","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc202a04fc147ccbef7ab5aa55e28085af133d5013c10265cd6a461deff7a1ef","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"310-10-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the General Subsections applies to a variety of instruments and transactions, including the following:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Trade accounts receivable</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><a href=\"/glossary/l/#loan\" class=\"term\" title=\"A contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include but are not limited to accounts receivable (with terms exceeding one year) and notes receivable.\"><span>Loans</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><a href=\"/glossary/l/#loan-syndication\" class=\"term\" title=\"A transaction in which several lenders share in lending to a single borrower. Each lender loans a specific amount to the borrower and has the right to repayment from the borrower. It is common for groups of lenders to jointly fund those loans when the amount borrowed is greater than any one lender is willing to lend.\"><span>Loan syndications</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\">Factoring arrangements</div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><a href=\"/glossary/s/#standby-letter-of-credit\" class=\"term\" title=\"A letter of credit (or similar arrangement however named or designated) that represents an obligation to the beneficiary on the part of the issuer for any of the following: To repay money borrowed by or advanced to or for the account of the account party To make payment on account of any evidence of indebtedness undertaken by the account party To make payment on account of any default by the account party in the performance of an obligation. A standby letter of credit would not include the following: Commercial letters of credit and similar instruments where the issuing bank expects the beneficiary to draw upon the issuer and which do not guarantee payment of a money obligation A guarantee or similar obligation issued by a foreign branch in accordance with and subject to the limitations of Regulation M of the Federal Reserve Board.\"><span>Standby letters of credit</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_59F7C875-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/f/#financing-receivable\" class=\"term\" title=\"A financing arrangement that has both of the following characteristics: It represents a contractual right to receive money in either of the following ways: On demand On fixed or determinable dates. It is recognized as an asset in the entity's statement of financial position. See paragraphs 310-10-55-13310-10-55-14310-10-55-15 for more information on the definition of financing receivable, including a list of items that are excluded from the definition (for example, debt securities).\"><span>Financing receivables</span></a>.</span></span></div></li></ol></div></div>","snippet":"The guidance in the General Subsections applies to a variety of instruments and transactions, including the following:\n(a) Trade accounts receivable\n(b) Loans\n(c) Loan syndications\n(d) Factoring arrangements\n(e) Standby …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4efd9c3c9d1163e25870b2fd1f02e52a7b575d7583228d06275a6cf3262889fd","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}},{"citation":"310-10-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the General Subsections does not apply to the following transactions and activities:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_59F7CA0F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Mortgage banking activities (as described in paragraph <a href=\"/asc/948/10/#948-10-05-4\" class=\"xref\">948-10-05-4</a>) </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_59F7CB96-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A contract that is required to be accounted for as a derivative instrument under Subtopic <a altsource=\"GUID-F827BBCC-41BF-479A-9C1D-5A5E98904787.ditamap\" class=\"ditamap\">815-10</a>. </span></span><span class=\"sfragment\" id=\"sfr_59F7CCDC-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For example, paragraph <a href=\"/asc/815/10/#815-10-15-70\" class=\"xref\">815-10-15-70</a> states that commitments to purchase or sell mortgage loans or other types of loans at a future date </span></span><span class=\"sfragment\" id=\"sfr_59F7CE21-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">shall be evaluated under the definition of a derivative instrument to determine whether Subtopic <a altsource=\"GUID-F827BBCC-41BF-479A-9C1D-5A5E98904787.ditamap\" class=\"ditamap\">815-10</a> applies.</span></span></div></li></ol></div></div>","snippet":"The guidance in the General Subsections does not apply to the following transactions and activities:\n(a) Mortgage banking activities (as described in paragraph 948-10-05-4)\n(b) A contract that is required to be accounted…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e13dbb8f9a867ceb9d68ec2c792c9a49d737e27127253090c988b45058cc47c6","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae6803f1b47e23a873ee51d0d6d979b76fb8aa348f3b357178547f9d6fbcae8e","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}},{"block":"Acquisition, Development, and Construction Arrangements","heading":"Entities","paragraphs":[{"citation":"310-10-15-4","para":"15-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the <a href=\"/glossary/a/#acquisition-development-and-construction-arrangements\" class=\"term\" title=\"Acquisition, development, or construction arrangements, in which a lender, usually a financial institution, participates in expected residual profit from the sale or refinancing of property.\"><span>Acquisition, Development, and Construction Arrangements</span></a> Subsections applies to all entities.</div></div>","snippet":"The guidance in the Acquisition, Development, and Construction Arrangements Subsections applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5dac530b8896d8daa703432c62c66a774b545ff0b7f453ded44423631feec374","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4fab4803990c8756470a8b381f3a8e49150a283e62a3602be90215b6f2a27409","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481709","source_sha256":"3d7faf190b9e61a7f8dbab20a7868f9f379013b18c62cdf22cca5a0356084c71"}},{"block":"Acquisition, Development, and Construction Arrangements","heading":"Transactions","paragraphs":[{"citation":"310-10-15-5","para":"15-5","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Acquisition, Development, and Construction Arrangements Subsections applies<span class=\"sfragment\" id=\"sfr_5A0233FB-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> only to those acquisition, development, and construction arrangements in which the lender participates in <a href=\"/glossary/e/#expected-residual-profit\" class=\"term\" title=\"The amount of profit, whether called interest or another name, such as equity kicker, above a reasonable amount of interest and fees expected to be earned by a lender.\"><span>expected residual profit</span></a>, as further described in the <a href=\"/asc/310/10/#25-recognition\" class=\"xref\">Acquisition, Development, and Construction Subsection</a> of Section 310-10-25. </span></span></div></div>","snippet":"The guidance in the Acquisition, Development, and Construction Arrangements Subsections applies only to those acquisition, development, and construction arrangements in which the lender participates in expected residual …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d13684483e3cc424b8e07062d38a0beb56c8908c6215dd18c60ddc8ae1730085","downloaded_from":"2026-09-09T23:24:48.693Z","last_downloaded_at":"2026-09-09T23:24:48.693Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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