Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Topic 815 as accessed 2026-08-08
- Relevant parts
- Topic 815; scope, recognition and measurement, designation, effectiveness, presentation, and disclosure
- Currency
- current · checked Aug 8, 2026
Topic 815 starts with the contract, not the risk-management label. A derivative is ordinarily measured at fair value whether or not hedge accounting is elected. Hedge accounting changes where and when specified effects appear only after the relationship satisfies its eligibility, designation, documentation, and ongoing assessment requirements.