Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Topic 825 as accessed 2026-08-08
- Relevant parts
- Topic 825; fair value option eligibility, election date, subsequent measurement, presentation, and disclosure
- Currency
- current · checked Aug 8, 2026
The fair value option begins with eligibility and a permitted election date. Once a supplied valid election is made, subsequent fair-value measurement and presentation follow the applicable requirements. A schedule cannot elect the option merely to move an inconvenient difference into earnings.