Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Accounting Standards Update 2025-08
- Relevant parts
- Summary pages 1–3; Topic 326 amendments; transition paragraph 326-10-65-7
- Currency
- future · checked Aug 7, 2026
At the verification date, the update is an effective-date control exercise. It requires the gross-up approach for a broader population of acquired seasoned loans once adopted. The core ACC 300 path identifies the future/current boundary; detailed purchased-loan acquisition accounting remains an extension.