{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/855/10/#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":"855","topic_title":"Subsequent Events","subtopic":"855-10","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":"Overall Guidance","paragraphs":[{"citation":"855-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for the Subsequent Events Topic.
","snippet":"The Scope Section of the Overall Subtopic establishes the pervasive scope for the Subsequent Events Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7158f571a0bb7e1f079a506c66256fe1e85c8e69a41d28021afc82e91f845b9c","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fdee6d21b64423d094cb225265532800a9748f60bd9e13b8b831072a6e7db8b8","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"855-10-15-2","para":"15-2","html":"
The guidance in the Subsequent Events Topic applies to all entities.
","snippet":"The guidance in the Subsequent Events Topic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a426d4c7d2b4b8d7d22757ba5977d1c195d6cbd6d5f36430a877b7b4fd749633","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd6bcda858d4103140789d1aeed390397fd342baea31c1422656a88fb6c07713","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"855-10-15-3","para":"15-3","html":"
The guidance in the Subsequent Events Topic shall be applied in the accounting for, and disclosure of, subsequent events not addressed in other Topics of the Codification.
","snippet":"The guidance in the Subsequent Events Topic shall be applied in the accounting for, and disclosure of, subsequent events not addressed in other Topics of the Codification.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebd587f51129c5d417e461fb1154a0be07edf2dd62a97d4884001c0e01afa43e","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}},{"citation":"855-10-15-4","para":"15-4","html":"
Other Topics may address the accounting treatment of events or transactions that occur after the balance sheet date. If an event or transaction is within the scope of another Topic, then an entity shall follow the guidance in that Topic, rather than the guidance in this Topic.
","snippet":"Other Topics may address the accounting treatment of events or transactions that occur after the balance sheet date. If an event or transaction is within the scope of another Topic, then an entity shall follow the guidan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98ce7552e0dc86b8c8fa5d053f087ec004796fa94a9db5ced81985cfb7ead55b","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}},{"citation":"855-10-15-5","para":"15-5","html":"
The following are examples (not collectively exhaustive) of other subsequent events guidance that is not consistent with the principles in this Topic for the recognition and disclosure of events or transactions that occur after the balance sheet date.
  1. a
    Income Taxes—See paragraph 740-10-25-15 for guidance on changes in judgment after the balance sheet date that results in subsequent recognition, derecognition, or change in measurement of a tax position taken in a prior annual period.
  2. b
    Earnings per Share—See paragraph 260-10-55-12 for guidance on the effect on earnings per share of changes in the number of common shares as a result of a stock dividend or stock split that occurs after the balance sheet date but before the financial statements are issued or are available to be issued.
  3. c
    Gain Contingencies—See paragraph 450-30-25-1 for guidance on gain contingencies that are rarely recognized after the balance sheet date but before the financial statements are issued or are available to be issued.
","snippet":"The following are examples (not collectively exhaustive) of other subsequent events guidance that is not consistent with the principles in this Topic for the recognition and disclosure of events or transactions that occu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04518ce2c1b13b78fe3238635fce68b62c37f66987a6471a5590dc7b85a08ec2","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78e643f48e4c7a009cdd8c4ce3a6456782025088a0172a2b7bb4b71d6976b391","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a412a99db04844ab8fd13ec14dd960a0fa7b46ff13c1f71c208512c3d18d20aa","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a412a99db04844ab8fd13ec14dd960a0fa7b46ff13c1f71c208512c3d18d20aa","downloaded_from":"2026-09-10T02:04:29.647Z","last_downloaded_at":"2026-09-10T02:04:29.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483400","source_sha256":"87f9e0413e9528163183e6edca2e5ac016dd36133940f9ce3359795534ffdb27"}}