{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/805/40/#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":"805","topic_title":"Business Combinations","subtopic":"805-40","subtopic_title":"Reverse Acquisitions","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":"805-40-15-1","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-1FCD04C0-5799-452A-875D-AC258E8F2F53.ditamap\" class=\"ditamap\">805-10-15</a>, with specific transaction qualifications noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 805-10-15, with specific transaction qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91627af90cc10d8e65e49dc0aafb202fe445a7c57374db7015f988f3a66a3beb","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60f7a98497aa1a93ebc685fc1e0112844e5f8a61723e8d925a0ec9a8145cfe98","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"805-40-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to <a href=\"/glossary/b/#business-combination\" class=\"term\" title=\"A transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as true mergers or mergers of equals also are business combinations. See also Acquisition by a Not-for-Profit Entity.\"><span>business combinations</span></a> that are <a href=\"/glossary/r/#reverse-acquisition\" class=\"term\" title=\"An acquisition in which the entity that issues securities (the legal acquirer) is identified as the acquiree for accounting purposes based on the guidance in paragraphs 805-10-55-11805-10-55-12805-10-55-13805-10-55-14805-10-55-15. The entity whose equity interests are acquired (the legal acquiree) must be the acquirer for accounting purposes for the transaction to be considered a reverse acquisition.\"><span>reverse acquisitions</span></a>.</div></div>","snippet":"The guidance in this Subtopic applies to business combinations that are reverse acquisitions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5e1fd2dfe8abaab44aaed76e4f89d6c39971a994ffbefee8cab918b7b0a5a3c","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d3831d5c03997d1726a77d7293bddb7fe680d1da0e9be52de9c630f83539588f","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe7f26435640c76527af1cd5aa8771cf0d24fd023cd8294a2ccb2349e7d0c304","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe7f26435640c76527af1cd5aa8771cf0d24fd023cd8294a2ccb2349e7d0c304","downloaded_from":"2026-09-10T01:24:35.452Z","last_downloaded_at":"2026-09-10T01:24:35.452Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479429","source_sha256":"ad95988ab35a8eb17e252a23219f0063b27ed2c990fa0fddb580f5c9f0b042ee"}}