{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/980/#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":"605","topic_title":"Revenue Recognition","subtopic":"605-980","subtopic_title":"Regulated Operations","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":"605-980-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-DFCF42C6-CE0D-45BC-9846-5A2EFDE587F3.ditamap\" class=\"ditamap\">980-10-15</a>, with specific qualifications and exceptions noted below.</div> </div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 980-10-15, with specific qualifications and exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d28089230a55dfa82fc4c62037d692d8344d6df43263794f5e8d7980499c3eb5","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a471a4b0865786fcae5dd64b67af758b071cc61a4078918341b2910a23812732","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"605-980-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic also applies to <a href=\"/glossary/n/#nonutility-generators\" class=\"term\" title=\"Entities owning electric generating plants built either for their own energy needs or to sell power, usually to rate-regulated entities, under long-term power sales contracts.\"><span>nonutility generators</span></a> as they provide many of the services of entities with regulated operations.</div> </div>","snippet":"The guidance in this Subtopic also applies to nonutility generators as they provide many of the services of entities with regulated operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68f61154e620289dd28d6d8d833e7a081bfef69687ccbd854bee11df2481f0bf","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a93c4c34fba01724fc1b811863623d10425f4b14fdfbc3d41ca29bbb2963ee46","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"605-980-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_4707E72C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The scope of this Subtopic excludes long-term power supply contracts if they are within the scope of Topic <a altsource=\"GUID-EFFBD456-3862-4F38-9F32-420717B43DE5.ditamap\" class=\"ditamap\">842</a> on leases. For the considerations required to determine whether a long-term power sales contract arrangement contains a lease, see Subtopic <a altsource=\"GUID-90DC7ABA-6FDB-4794-B87E-88E002C4BA2E.ditamap\" class=\"ditamap\">842-10</a>.</span></span> </div> </div>","snippet":"The scope of this Subtopic excludes long-term power supply contracts if they are within the scope of Topic 842 on leases. For the considerations required to determine whether a long-term power sales contract arrangement …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3f4e4b76e5273d711ab100da2e4f64645a1d03fe98d70fdcb5c831a996a140b","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:310d48c90ae19f96ee8e0d275bbede38daa3525f55c1adb98411d825280cc4ac","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec2d2df3db4931b3c9ee074332bd51a0390506034ca784738d710d745d35d99a","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec2d2df3db4931b3c9ee074332bd51a0390506034ca784738d710d745d35d99a","downloaded_from":"2026-09-10T00:53:49.840Z","last_downloaded_at":"2026-09-10T00:53:49.840Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478717","source_sha256":"9085cff51e79f9e9fe3e4a09a3ae02ff5a136d69ec66ed5e8b81feb7a75bb4d5"}}