# ASC 860-10-15: Transfers and Servicing — Overall — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/860/10/#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): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:621a9cd006200513528164c0698a78c1b9fb3e5849f21190c64831c147ae60b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/860/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [860-10-15-1](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:51699230a24ebfd4812b235eae0bb852e1414a19d196f583e0872c2f0aa6ba5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. #### Entities ##### [860-10-15-2](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:4346e6ac7842a672d16d417ddb5bc22808c3984659e5afe7e0dcd2a350c47f0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Transfers and Servicing Topic applies to all entities. #### Transactions ##### [860-10-15-3](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:69656195f6886d8362e008f3f4e7c276410c1e9550bba1ca2cf9201093dc336b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Transfers and Servicing Topic applies to the issues of accounting for [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: Selling a receivable Putting a receivable into a securitization trust Posting a receivable as collateral. A transfer excludes the following: The origination of a receivable Settlement of a receivable The restructuring of a receivable into a security in a troubled debt restructuring.") and servicing of [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity."). ##### [860-10-15-4](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:598f0162a5f8ecc714aeb838f96b19e75a170703fc387bb08e03f4dd52db3fa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/i/#in-substance-nonfinancial-asset "Paragraphs 610-20-15-5610-20-15-6610-20-15-7610-20-15-8 define an in substance nonfinancial asset."), 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](https://asc.understandingaccounting.org/glossary/m/#money-over-money-lease "A transaction in which an entity manufactures or purchases an asset, leases the asset to a lessee, and obtains nonrecourse financing in excess of the asset's cost using the leased asset and the future lease rentals as collateral.") and wrap lease transactions involving nonrecourse debt subject to Topic 842. ##### [860-10-15-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:9e5479ad1eb9b6c7730f492e9017c11b445846da2ff8cf5308a2ca9ac55c9a35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [815-10-40-2](https://asc.understandingaccounting.org/asc/815/10/#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. ##### [860-10-15-6](https://asc.understandingaccounting.org/asc/860/10/#860-10-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:05:34.073Z to 2026-09-10T02:05:34.073Z Record version: sha256:1f116a2c69d2ae1f1ea4aa70f524a3d64c3758bf6ab35af8ca0478873a028fe0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [860-10-55-2](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-2) provides further guidance on the application of the scope of this Topic to specific transactions.