# ASC 320-940-15: Investments—Debt Securities — Financial Services—Brokers and Dealers — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/320/940/#15-scope-and-scope-exceptions)

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## ASC 320-940-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/320/940/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [320-940-15-1](https://asc.understandingaccounting.org/asc/320/940/#320-940-15-1)

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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.

#### Other Considerations

##### [320-940-15-2](https://asc.understandingaccounting.org/asc/320/940/#320-940-15-2)

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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](https://asc.understandingaccounting.org/asc/325/940/#325-940-05-1), [940-325-30-1](https://asc.understandingaccounting.org/asc/325/940/#325-940-30-1), and [940-325-35-1](https://asc.understandingaccounting.org/asc/325/940/#325-940-35-1)), see Subtopic 940-325.

### Proprietary Trading Securities

#### Overall Guidance

##### [320-940-15-3](https://asc.understandingaccounting.org/asc/320/940/#320-940-15-3)

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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 securities.