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Standard reference · STD:fasb/asc-820-fair-value/2026-08-08

FASB ASC Topic 820 — fair value measurement

Version bound authority record for the fair value objective, markets, market participants, valuation approaches, hierarchy, and disclosure.

Updated Aug 8, 2026 Review due Sep 30, 2026
On this page
  1. Instructional scope
  2. Standards clock
  3. Limitations

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 820
Version
Codification content as verified 2026-08-08
Where it applies
United States GAAP
Entities covered
Measurements another Topic requires or permits at fair value
Last source check recorded
Aug 8, 2026
Status recorded at review
current
Effective from
Not specified in this record

Inspect the source: FASB ASC Topic 820, Fair Value Measurement

Check the applicable effective dates and later amendments in the source before applying this reference.

Concepts using this reference (9)

Instructional scope

This record supports market, measurement-date, exit-price, valuation-approach, input-observability, hierarchy, and disclosure workpapers from supplied facts.

Standards clock

The July 2026 investment-company sale-restriction proposal is not current GAAP and is not applied to the operating-company examples.

Limitations

It does not decide when fair value applies, establish a unit of account, value an instrument, or treat Level 3 as a synonym for low quality.