# ASC 815-20-15: Derivatives and Hedging — Hedging—General — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/20/#15-scope-and-scope-exceptions)

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## ASC 815-20-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/815/20/#15-scope-and-scope-exceptions)

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#### Entities

##### [815-20-15-1](https://asc.understandingaccounting.org/asc/815/20/#815-20-15-1)

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The guidance in this Subtopic applies to all entities, with the following exceptions:

1.  a
    
    Entities that do not report earnings separately are not permitted to use cash flow hedge accounting as described in this Subtopic or Subtopic 815-30 on cash flow hedges.
    
2.  b
    
    Entities that do not report earnings separately are not permitted to elect the amortization approach for amounts excluded from the assessment of effectiveness under fair value hedge accounting in accordance with paragraphs [815-20-25-83A](https://asc.understandingaccounting.org/asc/815/20/#815-20-25-83A) and [815-25-35-1(a)](https://asc.understandingaccounting.org/asc/815/25/#815-25-35-1).