# ASC 310-10-15: Receivables — Overall — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/310/10/#15-scope-and-scope-exceptions) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:70b77c9a3875f113b2ed992eb0b508f61797f163dad8a847579a5e085003ec03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/310/10/#15-scope-and-scope-exceptions) SEC content: no #### Entities ##### [310-10-15-1](https://asc.understandingaccounting.org/asc/310/10/#310-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:4ccad1ae77cb882cc70ee5656ab57450025ce775e30e7843779e6b7d5f4035be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the General Subsections applies to all entities. #### Transactions ##### [310-10-15-2](https://asc.understandingaccounting.org/asc/310/10/#310-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:4efd9c3c9d1163e25870b2fd1f02e52a7b575d7583228d06275a6cf3262889fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the General Subsections applies to a variety of instruments and transactions, including the following: 1. a Trade accounts receivable 2. b [Loans](https://asc.understandingaccounting.org/glossary/l/#loan "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.") 3. c [Loan syndications](https://asc.understandingaccounting.org/glossary/l/#loan-syndication "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.") 4. d Factoring arrangements 5. e [Standby letters of credit](https://asc.understandingaccounting.org/glossary/s/#standby-letter-of-credit "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.") 6. f [Financing receivables](https://asc.understandingaccounting.org/glossary/f/#financing-receivable "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)."). ##### [310-10-15-3](https://asc.understandingaccounting.org/asc/310/10/#310-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:e13dbb8f9a867ceb9d68ec2c792c9a49d737e27127253090c988b45058cc47c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the General Subsections does not apply to the following transactions and activities: 1. a Mortgage banking activities (as described in paragraph [948-10-05-4](https://asc.understandingaccounting.org/asc/948/10/#948-10-05-4)) 2. b A contract that is required to be accounted for as a derivative instrument under Subtopic 815-10. For example, paragraph [815-10-15-70](https://asc.understandingaccounting.org/asc/815/10/#815-10-15-70) states that commitments to purchase or sell mortgage loans or other types of loans at a future date shall be evaluated under the definition of a derivative instrument to determine whether Subtopic 815-10 applies. ### Acquisition, Development, and Construction Arrangements #### Entities ##### [310-10-15-4](https://asc.understandingaccounting.org/asc/310/10/#310-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:5dac530b8896d8daa703432c62c66a774b545ff0b7f453ded44423631feec374 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the [Acquisition, Development, and Construction Arrangements](https://asc.understandingaccounting.org/glossary/a/#acquisition-development-and-construction-arrangements "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.") Subsections applies to all entities. #### Transactions ##### [310-10-15-5](https://asc.understandingaccounting.org/asc/310/10/#310-10-15-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:48.693Z to 2026-09-09T23:24:48.693Z Record version: sha256:d13684483e3cc424b8e07062d38a0beb56c8908c6215dd18c60ddc8ae1730085 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 profit](https://asc.understandingaccounting.org/glossary/e/#expected-residual-profit "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."), as further described in the [Acquisition, Development, and Construction Subsection](https://asc.understandingaccounting.org/asc/310/10/#25-recognition) of Section 310-10-25.