That code would execute in order:
SetList(), then Some.Code(), then function(data), then DoSomething().
JavaScript is single-threaded, and executes in order. The only way that things would happen out of sync is if you set an interval/timer within Some.Code() or function(data) that called another function.
If you had:
var i=0;
functionCall() //some long process that sets i=1;
if (i==1) { alert("In Order!"); } else { alert("Out of Order!"); }
That would alert "In Order," But if you had:
var i=0;
setTimeout(functionCall, 1000) //some long process that sets i=1;
if (i==1) { alert("In Order!"); } else { alert("Out of Order!"); }
That would execute "Out of Order," because the third line would execute before functionCall() is called.
Updated Answer
Because you are using Ajax, I'm guessing you are making an asynchronous call, which is the reason for the delay. You have a callback function, but it's still waiting to be called back, so Javascript moves on to execute the next line while it waits.
To execute in the order you want, you'll need to do this:
SetList(); // initilizes the var _list
Some.Code(_list, function(data) {
// update list
DoSomething(_list); // operates on _list
});
This way, you can ensure that DoSomething() is called when your callback method is called, and not before.