# ASC 350-30-15: Intangibles—Goodwill and Other — General Intangibles Other Than Goodwill — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/30/#15-scope-and-scope-exceptions)

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## ASC 350-30-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/350/30/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [350-30-15-1](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 350-10-15, with specific transaction qualifications noted below.

#### Transactions

##### [350-30-15-2](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-2)

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While [goodwill](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") is an [intangible asset](https://asc.understandingaccounting.org/glossary/i/#intangible-assets "Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)"), the term intangible asset is used in this Subtopic to refer to an intangible asset other than goodwill.

##### [350-30-15-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-3)

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The guidance in this Subtopic applies to the following:

1.  a
    
    Intangible assets acquired individually or with a group of other assets (but not the recognition and initial measurement of those acquired in a business combination, acquired in an [acquisition by a not-for-profit entity](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities."), or recognized by a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") upon formation)
    
2.  b
    
    Intangible assets (other than goodwill) that an entity recognizes in accordance with Subtopic 805-20, 805-60, or 958-805 after they have been initially recognized and measured, except for those identified in paragraph [350-30-15-4](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-4)
    
3.  c
    
    [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).
    
4.  d
    
    Costs of internally developing identifiable intangible assets that an entity recognizes as assets.
    

The disclosure requirements of paragraphs

[350-30-50-1 through 50-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-50-1)

also apply to capitalized software costs.

Transition date:(P) December 16, 2027; (N) December 16, 2027Transition guidance:

[350-40-65-4](https://asc.understandingaccounting.org/asc/350/40/#350-40-65-4)The guidance in this Subtopic applies to the following:

1.  a
    
    Intangible assets acquired individually or with a group of other assets (but not the recognition and initial measurement of those acquired in a business combination, acquired in an [acquisition by a not-for-profit entity](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities."), or recognized by a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") upon formation)
    
2.  b
    
    Intangible assets (other than goodwill) that an entity recognizes in accordance with Subtopic 805-20, 805-60, or 958-805 after they have been initially recognized and measured, except for those identified in paragraph [350-30-15-4](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-4)
    
3.  c
    
    [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).
    
4.  d
    
    Costs of internally developing identifiable intangible assets that an entity recognizes as assets.
    

The disclosure requirements of paragraphs

[350-30-50-1 through 50-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-50-1)

also apply to capitalized software costs related to software to be sold, leased, or marketed that an entity recognizes in accordance with Subtopic 985-20.

##### [350-30-15-4](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-4)

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

1.  a
    
    [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).
    
2.  b
    
    [Subparagraph superseded by Accounting Standards Update No. 2010-07](https://asc.understandingaccounting.org/updates/asu-2010-07/).
    
3.  c
    
    Except for certain disclosure requirements as noted in paragraph [350-30-15-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-3), capitalized software costs
    
4.  d
    
    Except for disclosures required by paragraph [944-805-50-1](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-1) (however, an insurance entity need not duplicate disclosures that also are required by paragraphs
    
    [944-30-50-2A through 50-2B](https://asc.understandingaccounting.org/asc/944/30/#944-30-50-2A)
    
    ), intangible assets recognized for acquired insurance contracts under the requirements of Subtopic 944-805
    
5.  e
    
    Crypto assets accounted for in accordance with Subtopic 350-60, except for recognition and initial measurement of crypto assets.
    

Transition date:(P) December 16, 2027; (N) December 16, 2027Transition guidance:

[350-40-65-4](https://asc.understandingaccounting.org/asc/350/40/#350-40-65-4)The guidance in this Subtopic does not apply to the following:

1.  a
    
    [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).
    
2.  b
    
    [Subparagraph superseded by Accounting Standards Update No. 2010-07](https://asc.understandingaccounting.org/updates/asu-2010-07/).
    
3.  c
    
    Except for certain disclosure requirements as noted in paragraph [350-30-15-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-3), capitalized software costs that an entity recognizes in accordance with Subtopic 985-20.
    
4.  d
    
    Except for disclosures required by paragraph [944-805-50-1](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-1) (however, an insurance entity need not duplicate disclosures that also are required by paragraphs
    
    [944-30-50-2A through 50-2B](https://asc.understandingaccounting.org/asc/944/30/#944-30-50-2A)
    
    ), intangible assets recognized for acquired insurance contracts under the requirements of Subtopic 944-805.
    
5.  e
    
    Crypto assets accounted for in accordance with Subtopic 350-60, except for recognition and initial measurement of crypto assets.
    
6.  f
    
    Capitalized software costs that an entity recognizes in accordance with Subtopic 350-40 on internal-use software.

#### Other Considerations

##### [350-30-15-5](https://asc.understandingaccounting.org/asc/350/30/#350-30-15-5)

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This Subtopic does not address the identification of market participants, market participant assumptions, or valuation issues associated with defensive intangible assets.