# ASC 940-20-15: Financial Services—Brokers and Dealers — Broker-Dealer Activities — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/940/20/#15-scope-and-scope-exceptions)

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## ASC 940-20-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/940/20/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [940-20-15-1](https://asc.understandingaccounting.org/asc/940/20/#940-20-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.

#### Instruments

##### [940-20-15-2](https://asc.understandingaccounting.org/asc/940/20/#940-20-15-2)

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For the scope application of Subtopic 815-10 to contracts for the purchase or sale of when-issued securities or other securities that do not yet exist, see paragraph [815-10-15-17](https://asc.understandingaccounting.org/asc/815/10/#815-10-15-17).

### Clearing

#### Overall Guidance

##### [940-20-15-3](https://asc.understandingaccounting.org/asc/940/20/#940-20-15-3)

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The Clearing Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.

### Underwriting

##### [940-20-15-4](https://asc.understandingaccounting.org/asc/940/20/#940-20-15-4)

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The Underwriting Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.