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Chapter 2 — Scope

Chapter 2 — Scope

Chapter 2 — Scope

Before an issuer applies the accounting guidance in ASC 480-10 to a contract, it should evaluate whether the guidance applies to the contract. In this chapter, we discuss the types of entities and instruments that are subject to ASC 480-10 (see Sections 2.1 and 2.2). Further, we describe how the guidance in ASC 480-10 interacts with other GAAP that apply to derivatives (see Section 2.3), share-based payments (see Section 2.4), convertible preferred shares with cash conversion features (CCFs) (see Section 2.5), contingent consideration in a business combination (see Section 2.6), registration payment arrangements (see Section 2.7), and guarantee obligations (see Section 2.8).