Paragraph superseded on 11/07/2012 after the end of the transition period stated in FASB Statement No. 168, The FASB Accounting Standards Codification®and the Hierarchy of Generally Accepted Accounting Principles.
Paragraph superseded on 06/26/2015 after the end of the transition period stated in Accounting Standards Update No. 2012-04, Technical Corrections and Improvements.
Paragraph superseded on 07/05/2017 after the end of the transition period stated in Accounting Standards Update No. 2015-10, Technical Corrections and Improvements.
Paragraph superseded on 08/19/2021 after the end of the transition period stated in Accounting Standards Update No. 2018-09, Codification Improvements.
Paragraph superseded on 08/19/2021 after the end of the transition period stated in Accounting Standards Update No. 2018-09, Codification Improvements.
Paragraph superseded on 07/10/2023 after the end of the transition period stated in Accounting Standards Update No. 2020-10, Codification Improvements.
The following represents the transition and effective date information related to Accounting Standards Update No. 2025-12, Codification Improvements (except for entities applying the amendments to Topic 260 on earnings per share, for which transition guidance is provided in paragraph 260-10-65-5):Effective date and early adoption
- a
All entities shall apply the pending content that links to this paragraph for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods.
- b
Early adoption of the pending content that links to this paragraph is permitted in any interim or annual reporting period in which financial statements have not yet been issued or made available for issuance (also see (f) about transition elections). If an entity adopts the pending content that links to this paragraph in an interim reporting period, it shall adopt the pending content as of the beginning of the annual reporting period that includes that interim reporting period.
Transition methods
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An entity shall apply the pending content that links to this paragraph using one of the following transition methods (also see (f) about transition elections):
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Prospectively to all transactions recognized on or after the date that the pending content that links to this paragraph is adopted.
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Retrospectively to the beginning of the earliest comparative period presented in which the pending content that links to this paragraph was first applied. An entity shall adjust the opening balance of retained earnings (or other appropriate components of equity or net assets in the statement of financial position) as of the beginning of the earliest comparative period presented.
Transition disclosures
- d
An entity that applies the pending content that links to this paragraph prospectively in accordance with (c)(1) shall provide the transition disclosures required by paragraph 250-10-50-1(a) in both the interim reporting period (if applicable) and the annual reporting period of the change. - e
An entity that applies the pending content that links to this paragraph retrospectively in accordance with (c)(2) shall provide the transition disclosures required by paragraph 250-10-50-1(a) through (b)(1), (b)(2) for any prior periods retrospectively adjusted, (b)(3), and (c)(2) in both the interim reporting period (if applicable) and the annual reporting period of the change.
Transition elections
- f
In electing to early adopt the pending content that links to this paragraph in accordance with (b) and electing a transition method to apply the pending content that links to this paragraph in accordance with (c), an entity may make those elections individually for each of the following:
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Amendments to the Master Glossary to remove the term Amortized Cost
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Amendments to Subtopic 852-10 in paragraphs - 18
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