Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Topic 815
- Version
- Codification content as verified 2026-08-08, with ASU 2025-09 tracked separately as pending unless adopted
- Where it applies
- United States GAAP
- Entities covered
- Nongovernmental entities applying US GAAP; complete contracts, elections, documentation, and adoption facts required
- Last source check recorded
- Aug 8, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Inspect the source: FASB Accounting Standards Codification Topic 815, Derivatives and Hedging
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (10)
Instructional scope
The verifier recomputes supplied fair-value movements and supplied routing between earnings, OCI, AOCI, and a forecast-purchase basis adjustment. It does not decide whether a contract is a derivative, qualify a hedge, value an instrument, or assess effectiveness.
Standards clock
ASU 2025-09 remains a separate pending-content layer for entities that have not early adopted. Its mandatory dates differ for public business entities and other entities. A learner must state the entity type, reporting period, and adoption status before invoking those amendments.