{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/852/20/#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":"852-20","subtopic_title":"Quasi-Reorganizations","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":"852-20-15-1","para":"15-1","html":"
The guidance in this Subtopic applies to all public and nonpublic entities that are corporations.
","snippet":"The guidance in this Subtopic applies to all public and nonpublic entities that are corporations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:984034d31212ae0c865c33b2b8bac5670d7ae1a7218f681d459e56c722685e9d","downloaded_from":"2026-09-10T02:03:29.660Z","last_downloaded_at":"2026-09-10T02:03:29.660Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481249","source_sha256":"20a2882bd4dba0f5e4f648cf5a0bb0b31a294b1dc69e76db5e9d4d0ae297a400"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df00d54c5193d91c4e520fd6f43017f9cbb59828d5ccfcf3a8e982182325eb78","downloaded_from":"2026-09-10T02:03:29.660Z","last_downloaded_at":"2026-09-10T02:03:29.660Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481249","source_sha256":"20a2882bd4dba0f5e4f648cf5a0bb0b31a294b1dc69e76db5e9d4d0ae297a400"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"852-20-15-2","para":"15-2","html":"
The guidance in this Subtopic applies only to readjustments in which the current income, or retained earnings or accumulated deficit account, or the income account of future years is relieved of charges that would otherwise be made against it, and is therefore limited to readjustments of the type specified in paragraph 852-20-25-2.
","snippet":"The guidance in this Subtopic applies only to readjustments in which the current income, or retained earnings or accumulated deficit account, or the income account of future years is relieved of charges that would otherw…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32fbf3a907d58dbae07500fa232a96ce5f79d6eb1714dea588211c8d2cac8261","downloaded_from":"2026-09-10T02:03:29.660Z","last_downloaded_at":"2026-09-10T02:03:29.660Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481249","source_sha256":"20a2882bd4dba0f5e4f648cf5a0bb0b31a294b1dc69e76db5e9d4d0ae297a400"}},{"citation":"852-20-15-3","para":"15-3","html":"
The guidance in this Subtopic does not apply to the following transactions and activities:
  1. a
    Quasi-reorganizations involving only deficit reclassifications
  2. b
    Charges against additional paid-in capital in other types of readjustments such as readjustments for the purpose of correcting erroneous credits made to additional paid-in capital in the past
  3. c
    Financial reporting for entities that enter and intend to emerge from Chapter 11 reorganization, at the time of such reorganization.
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