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ASU 2015-04 — Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets

Topic 715 amendment permitting a consistent closest month end measurement date election for qualifying fiscal year ends and significant interim events.

Authority and currency

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
ASU 2015-04
Relevant parts
Topic 715 closest-month-end practical expedient, intervening contributions and significant events, and policy disclosure
Currency
current · checked Aug 8, 2026

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The amendment makes measurement date a visible controlled input. It does not permit an undated actuarial report or an arbitrary lag between the obligation, plan assets, significant events, and the reporting date.