{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/852/10/#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":"852","topic_title":"Reorganizations","subtopic":"852-10","subtopic_title":"Overall","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"852-10-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC9914D3-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic provides guidance on financial reporting by entities that have filed petitions with the <a href=\"/glossary/b/#bankruptcy-court\" class=\"term\" title=\"The United States Bankruptcy Court is an adjunct of the United States District Courts. Under the jurisdiction of the District Court, the Bankruptcy Court is generally responsible for cases filed under Chapters 7, 11, 12, and 13 of the Bankruptcy Code.\"><span>Bankruptcy Court</span></a> and expect to reorganize as going concerns under Chapter 11 of title 11 of the United States Code. </span></span>The guidance in this Subtopic applies to all entities except governmental organizations.</div></div>","snippet":"This Subtopic provides guidance on financial reporting by entities that have filed petitions with the Bankruptcy Court and expect to reorganize as going concerns under Chapter 11 of title 11 of the United States Code. Th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05b06e5386a22190132bdad11f26b4a86dd6dc4ce5b779ddf6406b32db1ba946","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ccf9baa0dd3a0d6043c7895237708fca84ccba9d50c0b7f4fe0e566b7d2f8f5","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"852-10-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to the following transactions and activities:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_EC99172B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Reorganizations by entities that expect to reorganize as a going concern under <a href=\"/glossary/c/#chapter-11\" class=\"term\" title=\"A reorganization action, either voluntarily or involuntarily initiated under the provisions of the Bankruptcy Code, that provides for a reorganization of the debt and equity structure of the business and allows the business to continue operations. A debtor may also file a plan of liquidation under Chapter 11.\"><span>Chapter 11</span></a> </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Reorganizations by entities upon emergence from Chapter 11 under confirmed plans. </div></li></ol></div></div>","snippet":"The guidance in this Subtopic applies to the following transactions and activities:\n(a) Reorganizations by entities that expect to reorganize as a going concern under Chapter 11\n(b) Reorganizations by entities upon emerg…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d93a0f9975e4bcb9b320836e0305743c45217b20d7ca1d9d55239a6230769ea2","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}},{"citation":"852-10-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic does not apply to the following transactions and activities:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_EC991886-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Debt restructurings outside of Chapter 11 </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Reorganization activities consisting of liquidation or adoption of plans of liquidation under the <a href=\"/glossary/b/#bankruptcy-code\" class=\"term\" title=\"A federal statute, enacted October 1, 1979, as title 11 of the United States Code by the Bankruptcy Reform Act of 1978, that applies to all cases filed on or after its enactment and that provides the basis for the current federal bankruptcy system.\"><span>Bankruptcy Code</span></a>.</div></li></ol></div></div>","snippet":"The guidance in this Subtopic does not apply to the following transactions and activities:\n(a) Debt restructurings outside of Chapter 11\n(b) Reorganization activities consisting of liquidation or adoption of plans of liq…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b109599fb8ab198dd8c941a234e217c40e3b3ab591014423eb7010c1bd7330a","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9b5fcbac96956afac6d78cb57267fd55e76cc06f255f35efb00678f8003c598","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa37945d1089ca3b24391391fb10a1718a6b99e7cf51cdfb8e5207fe3a7287a4","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa37945d1089ca3b24391391fb10a1718a6b99e7cf51cdfb8e5207fe3a7287a4","downloaded_from":"2026-09-10T02:03:01.101Z","last_downloaded_at":"2026-09-10T02:03:01.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481124","source_sha256":"289a2da5a87862082f0f18de2c5c35f38293110330b19256ea315d9d5aa32b96"}}