{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/440/10/#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":"440","topic_title":"Commitments","subtopic":"440-10","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":"440-10-15-1","para":"15-1","html":"
The General Subsection of the Scope Section of the Overall Subtopic establishes the pervasive scope for the Commitments Topic, with specific exceptions noted in the other Subsections of this Section.
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The guidance in the Commitments Topic applies to all entities.
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The Unconditional Purchase Obligations Subsections apply to all entities and all unconditional purchase obligations.
","snippet":"The Unconditional Purchase Obligations Subsections apply to all entities and all unconditional purchase obligations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40ee361f35875be1c2a00d936029849d595eab01a8b7ff22849d0c668d5f353c","downloaded_from":"2026-09-10T00:25:21.962Z","last_downloaded_at":"2026-09-10T00:25:21.962Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482518","source_sha256":"7f84236121b498e3f19b84c6ac45d26aeb23891386a5012fa7a41952111e2b56"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:506c8c42c1dd6f0c535493ff7ac0e64bacfc26a597c24c6808f2410ca9d1f7ea","downloaded_from":"2026-09-10T00:25:21.962Z","last_downloaded_at":"2026-09-10T00:25:21.962Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482518","source_sha256":"7f84236121b498e3f19b84c6ac45d26aeb23891386a5012fa7a41952111e2b56"}},{"block":"Unconditional Purchase Obligations","heading":"Transactions","paragraphs":[{"citation":"440-10-15-4","para":"15-4","html":"
The guidance in the Unconditional Purchase Obligations Subsections does not apply to either of the following:
  1. a
    Product financing arrangements, that are within the scope of Section 470-40-15. See paragraph 470-40-05-5 for a discussion of the distinction between a product financing arrangement and an unconditional purchase obligation.
  2. b
    Repurchase agreements that are within the scope of Topic 606, specifically in paragraphs
    606-10-55-66 through 55-78
    .
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