Asc 860

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860 Transfers and Servicing 10 Overall 15 Scope and Scope Exceptions |

> Overall Guidance
15-1 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
15-2 The guidance in the Transfers and Servicing Topic applies to all entities.

> Transactions
15-3 The guidance in the Transfers and Servicing Topic applies to the issues of accounting for transfers and servicing of financial assets.
15-4 The guidance in this Topic does not apply to the following transactions and activities: * 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 * b. Transfers of unrecognized financial assets, for example, minimum lease payments to be received under operating leases * c. Transfers of custody of financial assets for safekeeping * d. Contributions (for guidance on accounting for contributions, see Subtopic 958-605) * e. Transfers of ownership interests that are in substance sales of real estate (For guidance related to transfers of investments that are in substance a sale of real estate, see Topics 845 and 976. For guidance related to sale-leaseback transactions involving real estate, including real estate with equipment, such as manufacturing facilities, power plants, and office buildings with furniture and fixtures, see Subtopic 840-40.) * f. Investments by owners or distributions to owners of a business entity * g. Employee benefits subject to the provisions of Topic 712…...

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