{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/320/940/#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":"320","topic_title":"Investments—Debt Securities","subtopic":"320-940","subtopic_title":"Financial Services—Brokers and Dealers","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"320-940-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-72584C21-EC5A-4D7A-A57B-641241493286.ditamap\" class=\"ditamap\">940-10-15</a>, with specific qualifications noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15, with specific qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffb4a53420aa4c0c78f7e68460ef25823401b63868240e4af9d80331fa92ca33","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15717adb92bbb5b20d8a944a6c8eb04c4bf8d4df015e747f1f6b9af1896fcee3","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"320-940-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on investments in debt and equity securities that are part of a financial-restructuring transaction (as described in paragraphs <a href=\"/asc/325/940/#325-940-05-1\" class=\"xref\">940-325-05-1</a>, <a href=\"/asc/325/940/#325-940-30-1\" class=\"xref\">940-325-30-1</a>, and <a href=\"/asc/325/940/#325-940-35-1\" class=\"xref\">940-325-35-1</a>), see Subtopic <a altsource=\"GUID-35AF744D-E729-415C-8ECD-A19FD663CF9F.ditamap\" class=\"ditamap\">940-325</a>.</div></div>","snippet":"For guidance on investments in debt and equity securities that are part of a financial-restructuring transaction (as described in paragraphs 940-325-05-1, 940-325-30-1, and 940-325-35-1), see Subtopic 940-325.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d98584ee7f83d5f4ddf307ed906660f702ed4c177d200a9db208aaa59295917f","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af36ec34158a2d72db4792df4a971d7bd6de35274d6d439964cd9032722fcd98","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}},{"block":"Proprietary Trading Securities","heading":"Overall Guidance","paragraphs":[{"citation":"320-940-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Proprietary Trading Securities Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-72584C21-EC5A-4D7A-A57B-641241493286.ditamap\" class=\"ditamap\">940-10-15</a>, and apply to all broker-dealers involved in proprietary trading of securities.</div></div>","snippet":"The Proprietary Trading Securities Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15, and apply to all broker-dealers involved in proprietary trading of sec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:358d9c85a55de966f51e751758053430f901569a63948ee09f0fd7cfe637f8d2","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4911a506c79c766af787f058374a576eeff044663ab8cfb9bcc61cb1ed5a996e","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:699a6d3db7a5ddefea1aa26cc805605239cb298c86fe37b1833d96edf46fc8b0","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:699a6d3db7a5ddefea1aa26cc805605239cb298c86fe37b1833d96edf46fc8b0","downloaded_from":"2026-09-09T23:35:37.124Z","last_downloaded_at":"2026-09-09T23:35:37.124Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478293","source_sha256":"74abe54b2b3928191d94b26c075090bf3ddbc2151db21062543119bfdea32341"}}