{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/323/970/#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":"323","topic_title":"Investments—Equity Method and Joint Ventures","subtopic":"323-970","subtopic_title":"Real Estate—General","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":"323-970-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 970-10-15, with specific entity exceptions noted below.
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The guidance in this Subtopic does not apply to the following entities:
  1. a
    Regulated investment entities and other entities that are required to account for investments at fair value.
","snippet":"The guidance in this Subtopic does not apply to the following entities:\n(a) Regulated investment entities and other entities that are required to account for investments at fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89c5e70f31518e9cc13175f1c67f0b868fc5ab6dd4d25168ef87773110547d73","downloaded_from":"2026-09-09T23:42:43.078Z","last_downloaded_at":"2026-09-09T23:42:43.078Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477773","source_sha256":"045255c284de6e0d686c745a69aa15cef0ba7645121ae7b298ba58f4b657a2b4"}},{"citation":"323-970-15-3","para":"15-3","html":"
See Sections 946-10-15 and 946-323-15 for applicability to unincorporated joint ventures and non-regulated investment entities.
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