# ASC 440-10-15: Commitments — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/440/10/#15-scope-and-scope-exceptions)

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## ASC 440-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/440/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [440-10-15-1](https://asc.understandingaccounting.org/asc/440/10/#440-10-15-1)

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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.

#### Entities

##### [440-10-15-2](https://asc.understandingaccounting.org/asc/440/10/#440-10-15-2)

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The guidance in the Commitments Topic applies to all entities.

### Unconditional Purchase Obligations

#### Overall Guidance

##### [440-10-15-3](https://asc.understandingaccounting.org/asc/440/10/#440-10-15-3)

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The Unconditional Purchase Obligations Subsections apply to all entities and all [unconditional purchase obligations](https://asc.understandingaccounting.org/glossary/u/#unconditional-purchase-obligation "An obligation to transfer funds in the future for fixed or minimum amounts or quantities of goods or services at fixed or minimum prices (for example, as in take-or-pay contracts or throughput contracts).").

#### Transactions

##### [440-10-15-4](https://asc.understandingaccounting.org/asc/440/10/#440-10-15-4)

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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](https://asc.understandingaccounting.org/asc/470/40/#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](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-66)
    
    .