{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/10/#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":"860","topic_title":"Transfers and Servicing","subtopic":"860-10","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":"860-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Transfers and Servicing Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Transfers and Servicing Topic, with the exception of Subtopic 860-50, which has its own discrete scope.
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The guidance in the Transfers and Servicing Topic applies to all entities.
","snippet":"The guidance in the Transfers and Servicing Topic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4346e6ac7842a672d16d417ddb5bc22808c3984659e5afe7e0dcd2a350c47f0b","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26e86c84aa523d2b08b4da1719108717419df9fed92d5835596599fcfc8bd34c","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"860-10-15-3","para":"15-3","html":"
The guidance in the Transfers and Servicing Topic applies to the issues of accounting for transfers and servicing of financial assets.
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The guidance in this Topic does not apply to the following transactions and activities:
  1. a
    Except for transfers of servicing assets (see Section 860-50-40) and for the transfers noted in the following paragraph, transfers of nonfinancial assets
  2. b
    Transfers of unrecognized financial assets, for example, lease payments to be received under operating leases
  3. c
    Transfers of custody of financial assets for safekeeping
  4. d
    Contributions (for guidance on accounting for contributions, see Subtopic 958-605)
  5. e
    Transfers of in substance nonfinancial assets, see Subtopic 610-20
  6. f
    Investments by owners or distributions to owners of a business entity
  7. g
    Employee benefits subject to the provisions of Topic 712
  8. h
    Leveraged leases subject to Topic 842
  9. i
    Money-over-money and wrap lease transactions involving nonrecourse debt subject to Topic 842.
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Paragraph 815-10-40-2 states that transfers of assets that are derivative instruments and subject to the requirements of Subtopic 815-10 but that are not financial assets shall be accounted for by analogy to this Topic.
","snippet":"Paragraph 815-10-40-2 states that transfers of assets that are derivative instruments and subject to the requirements of Subtopic 815-10 but that are not financial assets shall be accounted for by analogy to this Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e5479ad1eb9b6c7730f492e9017c11b445846da2ff8cf5308a2ca9ac55c9a35","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}},{"citation":"860-10-15-6","para":"15-6","html":"
Paragraph 860-10-55-2 provides further guidance on the application of the scope of this Topic to specific transactions.
","snippet":"Paragraph 860-10-55-2 provides further guidance on the application of the scope of this Topic to specific transactions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f116a2c69d2ae1f1ea4aa70f524a3d64c3758bf6ab35af8ca0478873a028fe0","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36f2c9f113d9e601bc3321e1023dcd687ba51acbaf8dbd8ed05d6f97f3c55341","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:621a9cd006200513528164c0698a78c1b9fb3e5849f21190c64831c147ae60b7","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:621a9cd006200513528164c0698a78c1b9fb3e5849f21190c64831c147ae60b7","downloaded_from":"2026-09-10T02:05:34.073Z","last_downloaded_at":"2026-09-10T02:05:34.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481413","source_sha256":"a918a2646648f3e086a33f80915eb61aac3432575c11af2ef8a93f4bfa5c23ac"}}