# ASC 326-30-15: Financial Instruments—Credit Losses — Available-for-Sale Debt Securities — 15 Scope

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/326/30/#15-scope)

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## ASC 326-30-15: 15 Scope

[Read section](https://asc.understandingaccounting.org/asc/326/30/#15-scope)

SEC content: no

#### Entities

##### [326-30-15-1](https://asc.understandingaccounting.org/asc/326/30/#326-30-15-1)

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The guidance in this Subtopic applies to all entities.

#### Instruments

##### [326-30-15-2](https://asc.understandingaccounting.org/asc/326/30/#326-30-15-2)

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The guidance in this Subtopic applies to [debt securities](https://asc.understandingaccounting.org/glossary/d/#debt-security "Any security representing a creditor relationship with an entity. The term debt security also includes all of the following: Preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor A collateralized mortgage obligation (or other instrument) that is issued in equity form but is required to be accounted for as a nonequity instrument regardless of how that instrument is classified (that is, whether equity or debt) in the issuer's statement of financial position U.S. Treasury securities U.S. government agency securities Municipal securities Corporate bonds Convertible debt Commercial paper All securitized debt instruments, such as collateralized mortgage obligations and real estate mortgage investment conduits Interest-only and principal-only strips. The term debt security excludes all of the following: Option contracts Financial futures contracts Forward contracts Lease contracts Receivables that do not meet the definition of security and, so, are not debt securities, for example: Trade accounts receivable arising from sales on credit by industrial or commercial entities Loans receivable arising from consumer, commercial, and real estate lending activities of financial institutions.") classified as [available-for-sale securities](https://asc.understandingaccounting.org/glossary/a/#available-for-sale-securities "Investments not classified as either trading securities or as held-to-maturity securities."), including [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.") that meet the definition of _debt securities_ and are classified as available-for-sale securities.