# ASC 852-10-15: Reorganizations — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/852/10/#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): 2026-09-10T02:03:01.101Z to 2026-09-10T02:03:01.101Z

Record version: sha256:fa37945d1089ca3b24391391fb10a1718a6b99e7cf51cdfb8e5207fe3a7287a4

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 852-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/852/10/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [852-10-15-1](https://asc.understandingaccounting.org/asc/852/10/#852-10-15-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:03:01.101Z to 2026-09-10T02:03:01.101Z

Record version: sha256:05b06e5386a22190132bdad11f26b4a86dd6dc4ce5b779ddf6406b32db1ba946

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic provides guidance on financial reporting by entities that have filed petitions with the [Bankruptcy Court](https://asc.understandingaccounting.org/glossary/b/#bankruptcy-court "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.") and expect to reorganize as going concerns under Chapter 11 of title 11 of the United States Code. The guidance in this Subtopic applies to all entities except governmental organizations.

#### Transactions

##### [852-10-15-2](https://asc.understandingaccounting.org/asc/852/10/#852-10-15-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:03:01.101Z to 2026-09-10T02:03:01.101Z

Record version: sha256:d93a0f9975e4bcb9b320836e0305743c45217b20d7ca1d9d55239a6230769ea2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The guidance in this Subtopic applies to the following transactions and activities:

1.  a
    
    Reorganizations by entities that expect to reorganize as a going concern under [Chapter 11](https://asc.understandingaccounting.org/glossary/c/#chapter-11 "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.")
    
2.  b
    
    Reorganizations by entities upon emergence from Chapter 11 under confirmed plans.

##### [852-10-15-3](https://asc.understandingaccounting.org/asc/852/10/#852-10-15-3)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:03:01.101Z to 2026-09-10T02:03:01.101Z

Record version: sha256:6b109599fb8ab198dd8c941a234e217c40e3b3ab591014423eb7010c1bd7330a

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The guidance in this Subtopic does not apply to the following transactions and activities:

1.  a
    
    Debt restructurings outside of Chapter 11
    
2.  b
    
    Reorganization activities consisting of liquidation or adoption of plans of liquidation under the [Bankruptcy Code](https://asc.understandingaccounting.org/glossary/b/#bankruptcy-code "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.").