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Unformatted text preview: Lesson 2) or are working
with individual Section pages (as covered in Lesson 3). There are four fundamental kinds of scope declarations that may be found in a
Subtopic’s Section 15: pervasive, conforming, conforming with exceptions, and
independent. Lesson 4: Understanding the Scope of Guidance 41 Look Now
Go to Section 15
of the Not-forProfit Entities
Subtopic of the
topic. Read the
Then click the
link in the first
paragraph to go
to Section 15 of
Subtopic of the
Entities Topic. REINFORCE YOUR LEARNING
Use the System as needed to help you determine the correct answers to these questions.
Q1: For each of the following Subtopics, state whether it contains a Section 15, a
Section S15, both, or neither:
a. Subtopic 20, Stock Dividends and Stock Splits, of Topic 505, Equity
b. Subtopic 10 of Topic 710
c. The Rights to Use Subtopic of the Revenue Recognition Topic
d. The Subtopic that is shared by Topics 962 and 205.
Q2: For each of the following Subtopics, state which kind of scope declarations the
Subtopic’s Section 15 contains (i.e., Pervasive, Conforming, Conforming with
Exceptions, or Independent).
a. Subtopic 70, Defined Contribution Plans, of Topic 715, Compensation—
b. Subtopic 10 of Topic 450
c. The Hedging—General Subtopic of the Derivatives and Hedging Topic
d. The Subtopic that is shared by Topics 954 and 280. Exercises
E1: In the System, navigate to the landing page for Subtopic 20, Identifiable Assets and
Liabilities, and Any Noncontrolling Interest, of Topic 805, Business Combinations.
a. Navigate to the page for Section 25, Recognition, within that Subtopic.
b. Use the ―Section Links‖ feature to navigate directly to the page for Section 15,
Scope and Scope Exceptions, of the same Subtopic.
E2: In the System, navigate to the page for Subtopic 30, Business Interruption Insurance,
within Topic 225, Income Statement.
a. Navigate to the page for Section 15, Scope and Scope Exceptions, of that
b. Observe that the scope...
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.
- Fall '09