# ASC 830-20-15: Foreign Currency Matters — Foreign Currency Transactions — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/830/20/#15-scope-and-scope-exceptions)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T01:46:40.791Z to 2026-09-10T01:46:40.791Z

Record version: sha256:02021522374bb26d9cd5c2f49f931292294df5d312a1686f3a1e8f4a5794094c

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 830-20-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/830/20/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [830-20-15-1](https://asc.understandingaccounting.org/asc/830/20/#830-20-15-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:46:40.791Z to 2026-09-10T01:46:40.791Z

Record version: sha256:102164f1e58ce344e3a24d60da6762cead578de8ff2725e73505684b5b943a58

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 830-10-15, with specific transaction exceptions noted below.

#### Transactions

##### [830-20-15-2](https://asc.understandingaccounting.org/asc/830/20/#830-20-15-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:46:40.791Z to 2026-09-10T01:46:40.791Z

Record version: sha256:93c9c1601e524078c132882243e0d670a6bf3ffff936b68fcf85c746e42c82b6

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The guidance in this Subtopic applies to all [foreign currency transactions](https://asc.understandingaccounting.org/glossary/f/#foreign-currency-transactions "Transactions whose terms are denominated in a currency other than the entity's functional currency. Foreign currency transactions arise when a reporting entity does any of the following: Buys or sells on credit goods or services whose prices are denominated in foreign currency Borrows or lends funds and the amounts payable or receivable are denominated in foreign currency Is a party to an unperformed forward exchange contract For other reasons, acquires or disposes of assets, or incurs or settles liabilities denominated in foreign currency.") with the exception of the following:

1.  a
    
    Derivative instruments, for guidance see Topic 815.