{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/830/#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":"740","topic_title":"Income Taxes","subtopic":"740-830","subtopic_title":"Foreign Currency Matters","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":"740-830-15-1","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-ECDF6FD1-6D19-43D2-B208-A14F23A68722.ditamap\" class=\"ditamap\">830-10-15</a>, with specific qualifications noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 830-10-15, with specific qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b99e5ffe44dced876e9483ef5fcff9c237db18993ccaf121c86a9cf3cc8cd9d","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d85fdf53013c5e60da2dcff222f15cd766f1ff10e56de18562361f0712086dc5","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"740-830-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all entities operating in foreign countries.</div></div>","snippet":"The guidance in this Subtopic applies to all entities operating in foreign countries.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e302898a4862f2d1beefea266d154e7098218eaed87ded9d32734b957cc4786e","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cc64c9db5602c99824953e5be05b9202de7610bda6f9dc9329083c68837c2c1","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"740-830-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to certain specified deferred tax accounting matters, specifically to the income <a href=\"/glossary/t/#tax-consequences\" class=\"term\" title=\"The effects on income taxes—current or deferred—of an event.\"><span>tax consequences</span></a> of changes to tax or financial reporting bases from their restatements caused by:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Changes in an entity's <a href=\"/glossary/f/#functional-currency\" class=\"term\" title=\"An entity's functional currency is the currency of the primary economic environment in which the entity operates; normally, that is the currency of the environment in which an entity primarily generates and expends cash. (See paragraphs 830-10-45-2830-10-45-3830-10-45-4830-10-45-5830-10-45-6 and 830-10-55-3830-10-55-4830-10-55-5830-10-55-6830-10-55-7.)\"><span>functional currency</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Price-level related changes</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">A <a href=\"/glossary/f/#foreign-entity\" class=\"term\" title=\"An operation (for example, subsidiary, division, branch, joint venture, and so forth) whose financial statements are both: Prepared in a currency other than the reporting currency of the reporting entity Combined or consolidated with or accounted for on the equity basis in the financial statements of the reporting entity.\"><span>foreign entity</span></a>'s functional currency being different from its <a href=\"/glossary/l/#local-currency\" class=\"term\" title=\"The currency of a particular country being referred to.\"><span>local currency</span></a>.</div></li></ol></div></div>","snippet":"The guidance in this Subtopic applies to certain specified deferred tax accounting matters, specifically to the income tax consequences of changes to tax or financial reporting bases from their restatements caused by:\n(a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97f82d107a213ae62c364fec8a6161bd96fc4c56bd1c95709740e53db26132d8","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:923a1f00321b5d7402980a62ac2818f45ece26eafc40e8296d38541790a31a33","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fb1d42b875363441294932d66dcad6f141941bba145870f7d49e00de71521c0","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fb1d42b875363441294932d66dcad6f141941bba145870f7d49e00de71521c0","downloaded_from":"2026-09-10T01:18:44.147Z","last_downloaded_at":"2026-09-10T01:18:44.147Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477367","source_sha256":"2fbd02e82ed66740442b4b655379d6892e6e38c438ad609dfe0832afbc61f64e"}}