# ASC 855-10-15: Subsequent Events — Overall — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/855/10/#15-scope-and-scope-exceptions)

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## ASC 855-10-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/855/10/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [855-10-15-1](https://asc.understandingaccounting.org/asc/855/10/#855-10-15-1)

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The Scope Section of the Overall Subtopic establishes the pervasive scope for the Subsequent Events Topic.

#### Entities

##### [855-10-15-2](https://asc.understandingaccounting.org/asc/855/10/#855-10-15-2)

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The guidance in the Subsequent Events Topic applies to all entities.

#### Transactions

##### [855-10-15-3](https://asc.understandingaccounting.org/asc/855/10/#855-10-15-3)

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The guidance in the Subsequent Events Topic shall be applied in the accounting for, and disclosure of, [subsequent events](https://asc.understandingaccounting.org/glossary/s/#subsequent-events "Events or transactions that occur after the balance sheet date but before financial statements are issued or are available to be issued. There are two types of subsequent events: The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (that is, recognized subsequent events). The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (that is, nonrecognized subsequent events).") not addressed in other Topics of the Codification.

##### [855-10-15-4](https://asc.understandingaccounting.org/asc/855/10/#855-10-15-4)

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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.

##### [855-10-15-5](https://asc.understandingaccounting.org/asc/855/10/#855-10-15-5)

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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](https://asc.understandingaccounting.org/asc/740/10/#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](https://asc.understandingaccounting.org/asc/260/10/#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](https://asc.understandingaccounting.org/asc/450/30/#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.