{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/10/#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":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-10","subtopic_title":"Overall","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":"350-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Intangibles—Goodwill and Other Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Intangibles—Goodwill and Other Topic.
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The guidance in the Intangibles—Goodwill and Other Topic applies to all entities, including business entities, mutual entities, and not-for-profit entities (NFPs).
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The guidance in the Intangibles—Goodwill and Other Topic does not apply to the following transactions and activities:
  1. a
    The accounting at acquisition for goodwill acquired in a business combination (for guidance see Subtopic 805-30)
  2. b
    Subparagraph not used.
  3. c
    The accounting at acquisition for goodwill acquired in an acquisition by a not-for-profit entity (for guidance see Subtopic 958-805)
  4. d
    The accounting at acquisition for intangible assets (other than goodwill) acquired in a business combination or in an acquisition by a not-for-profit entity (for guidance see Subtopics 805-20 and 958-805)
  5. e
    The accounting upon formation for intangible assets and goodwill recognized by a joint venture (for guidance see Subtopic 805-60).
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1The guidance in the Intangibles—Goodwill and Other Topic does not apply to the following transactions and activities:
  1. a
    The accounting at acquisition for goodwill acquired in a business combination (for guidance see Subtopic 805-30)
  2. b
    Subparagraph not used.
  3. c
    The accounting at acquisition for goodwill acquired in an acquisition by a not-for-profit entity (for guidance see Subtopic 958-805)
  4. d
    The accounting at acquisition for intangible assets (other than goodwill) acquired in a business combination or in an acquisition by a not-for-profit entity (for guidance see Subtopics 805-20 and 958-805)
  5. e
    The accounting upon formation for intangible assets and goodwill recognized by a joint venture (for guidance see Subtopic 805-60)
  6. f
    The accounting for environmental credits (for guidance see Subtopic 818-20).
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The guidance in the Intangibles—Goodwill and Other Topic does not change the accounting prescribed in the following locations in the Codification:
  1. a
    Research and development costs under Subtopic 730-10
  2. b
    Extractive activities under Topic 932
  3. c
    Entertainment and media, including records and music under Topic 928
  4. d
    Financial services industry under Topic 950
  5. e
    Entertainment and media, including broadcasters under Topic 920
  6. f
    Regulatory operations under paragraphs
    980-350-35-1 through 35-2
  7. g
    Subparagraph not used.
  8. h
    Software under Topic 985
  9. i
    Income taxes under Topic 740
  10. j
    Transfers and servicing under Topic 860.
  11. k
    Subparagraph not used.
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