{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/912/10/#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":"912","topic_title":"Contractors—Federal Government","subtopic":"912-10","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":"912-10-15-1","para":"15-1","html":"
The Subtopics within the Contractors—Federal Government Topic only provide incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual Subtopics. Entities within the scope of this Topic shall also comply with the applicable standards not included in this Topic. Except where the text clearly indicates otherwise, the term contractor is used to denote either a prime contractor or a subcontractor, and the term contract to denote either a prime contract or a subcontract.
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The guidance in this Topic applies to all entities that engage in federal government contracts.
","snippet":"The guidance in this Topic applies to all entities that engage in federal government contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72060389110cb132863ec801a2725ac4ce2f6907ea7c67d095f416637161b622","downloaded_from":"2026-09-10T02:10:02.232Z","last_downloaded_at":"2026-09-10T02:10:02.232Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482502","source_sha256":"77b9aea5ae8c5bfd009c86caa060aaf4c28a389bf040eb17becb425010da3673"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7b303507a6c3462febb3c6b5d1a932c85bc92f9485012bf8122d4cd0c67fd38","downloaded_from":"2026-09-10T02:10:02.232Z","last_downloaded_at":"2026-09-10T02:10:02.232Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482502","source_sha256":"77b9aea5ae8c5bfd009c86caa060aaf4c28a389bf040eb17becb425010da3673"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"912-10-15-3","para":"15-3","html":"
The guidance in this Topic applies to all of the following transactions and activities:
  1. a
    Cost-plus-fixed-fee contracts
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2014-09.
  3. c
    Fixed-price war and defense supply contracts terminated, in whole or in part, for the convenience of the government.
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The guidance in this Topic with respect to fixed-price war and defense supply contracts terminated, in whole or in part, for the convenience of the government does not specifically apply to terminated cost-plus-fixed-fee contracts nor to contracts for facilities or services. However, the conclusions reached herein may serve as guides for the accounting applicable to such contracts.
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