# ASC 323-974-15: Investments—Equity Method and Joint Ventures — Real Estate—Real Estate Investment Trusts — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/323/974/#15-scope-and-scope-exceptions)

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## ASC 323-974-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/323/974/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [323-974-15-1](https://asc.understandingaccounting.org/asc/323/974/#323-974-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 974-10-15, with specific exceptions noted below.

#### Entities

##### [323-974-15-2](https://asc.understandingaccounting.org/asc/323/974/#323-974-15-2)

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The guidance in this Subtopic applies to the following entities:

1.  a
    
    [Service corporations](https://asc.understandingaccounting.org/glossary/s/#service-corporation "A real estate investment trust may establish a service corporation to perform services for the real estate investment trust or for third parties. Service corporations may provide property management and leasing services, as well as services to acquire, develop, construct, finance, or sell real estate projects.") that are not variable interest entities (VIEs).

##### [323-974-15-3](https://asc.understandingaccounting.org/asc/323/974/#323-974-15-3)

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The guidance in this Subtopic does not apply to the following entities:

1.  a
    
    Service corporations that are VIEs (see the Variable Interest Entities Subsections of Section 810-10).