# ASC 105-10-65: Generally Accepted Accounting Principles — Overall — 65 Transition and Open Effective Date Information Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/105/10/#65-transition-and-open-effective-date-information) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:4ad25923f23e00d63df6b06d6afbf3d4a663c48242260792eab4129e9bd5e6e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 105-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/105/10/#65-transition-and-open-effective-date-information) SEC content: no ##### [105-10-65-1](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:9f83485b7667f337b99d08688aa39a041ea2f92de810a3b10e7b9a742b9988da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 11/07/2012 after the end of the transition period stated in FASB Statement No. 168, _The_ FASB Accounting Standards Codification®_and the Hierarchy of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_. ##### [105-10-65-2](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:7827080e36c68a526bef0cd0dda81c926ffddfca5c44b101fed0b11f4bd41b78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/26/2015 after the end of the transition period stated in Accounting Standards Update No. 2012-04, _Technical Corrections and Improvements_. ##### [105-10-65-3](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:48798e1cf2f82b4fb1f17b6d610ef6ade9ed26ff26d074506a92c7579c8503b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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_. ##### [105-10-65-4](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:d605eed31c345770ba25ef751c329989457e677572583a074c1fc6507095ae56 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 08/19/2021 after the end of the transition period stated in Accounting Standards Update No. 2018-09, _Codification Improvements_. ##### [105-10-65-5](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:b045ff4550c9eef21e7361b00b5eac0080a15f89d8a496c160548cf99da72a9e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 08/19/2021 after the end of the transition period stated in Accounting Standards Update No. 2018-09, _Codification Improvements_. ##### [105-10-65-6](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:34a7a655af4b58b67db0f521679a57eabbed9ae29731d5f4d376a249e1439db5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/10/2023 after the end of the transition period stated in Accounting Standards Update No. 2020-10, _Codification Improvements_. #### Transition Related to Accounting Standards Update No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative ##### [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:16096c4d7a7fb8cabcf18c4eafbd651f3a88abc87a1a688d4f5117be0f6ed10b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2023-06](https://asc.understandingaccounting.org/updates/asu-2023-06/) 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 The following represents the transition and effective date information related to Accounting Standards Update No. 2023-06, _Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative_: 1. a For all entities subject to the Securities and Exchange Commission’s (SEC) existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, each amendment in the pending content that links to this paragraph shall become effective on the date that the SEC’s removal of the related guidance from Regulation S-X or Regulation S-K becomes effective. An entity shall apply the pending content that links to this paragraph to financial statements issued after the effective date. Early adoption is prohibited. Paragraph [105-10-65-8](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-8) includes a cross-reference to Regulation S-X and Regulation S-K for the pending content that links to this paragraph. 2. b For all other entities, each amendment in the pending content that links to this paragraph shall be effective two years after the pending content becomes effective for entities referred to in paragraph 105-10-65-7(a). 3. c The pending content that links to any related requirements not removed by the SEC from Regulation S-X or Regulation S-K by June 30, 2027, will be removed from the Codification and will not become effective for any entity. 4. d An entity shall apply the pending content that links to this paragraph prospectively to financial statements issued after the effective date. ##### [105-10-65-8](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-8) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:a89dde550a152b4003a9d45ed305bf49cf11f0d503293bc43add013d72643881 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2023-06](https://asc.understandingaccounting.org/updates/asu-2023-06/) 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 2027-06-30 The following represents a cross-reference to Regulation S-X or Regulation S-K for the pending content that links to paragraph [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7):
SEC RuleCodification Paragraph
Regulation S-K Item 302(b)
932-235-50-2A
Regulation S-X Rule 10-01(b)(2)
260-10-50-1
260-10-55-51 through 55-52
Regulation S-X Rule 10-01(b)(7)
250-10-50-6
270-10-45-12
270-10-45-19
270-10-50-1
Regulation S-X Rule 3-15(c)
974-10-50-1
Regulation S-X Rule 4-08(b)
440-10-50-1
Regulation S-X Rule 4-08(d)
505-10-50-4
Regulation S-X Rule 4-08(m)
860-30-15-1
860-30-45-2 through 45-3
860-30-50-7
860-30-50-9 through 50-12
860-30-55-4
Regulation S-X Rule 4-08(n)
230-10-50-9
815-10-50-8C
Regulation S-X Rule 5-02.19(b)
470-10-15-1
470-10-50-6 through 50-7
Regulation S-X Rule 6-04.17
946-20-50-11
#### Transition Related to Accounting Standards Update No. 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements ##### [105-10-65-9](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-9) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:78f04f33c8e925c9cfed5d2d7a00c4a8d56144faf4907957ab365fa473256f66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2024-02](https://asc.understandingaccounting.org/updates/asu-2024-02/) 2027-06-14 2024-12-16 2024-12-16 2024-12-16 2024-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 The following represents the transition and effective date information related to Accounting Standards Update No. 2024-02, _Codification Improvements—Amendments to Remove References to the Concepts Statements_: 1. a For [public business entities](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.")**,** the pending content that links to this paragraph shall be effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. 2. b For all other entities, the pending content that links to this paragraph shall be effective for fiscal years beginning after December 15, 2025, including interim periods within those fiscal years. 3. c Early application of the pending content that links to this paragraph is permitted for any fiscal year or interim period for which the entity’s financial statements have not yet been issued (or made available for issuance). If an entity adopts the pending content that links to this paragraph in an interim period, it must adopt that pending content as of the beginning of the fiscal year that includes that interim period. 4. d An entity shall apply the pending content that links to this paragraph using one of the following transition methods: 1. 1 Prospectively to all new or modified transactions recognized on or after the date that the entity first applies the pending content that links to this paragraph 2. 2 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. 5. e An entity applying the pending content that links to this paragraph retrospectively in accordance with (d)(2) shall provide the transition disclosures required by paragraphs [250-10-50-1 through 50-3](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1) . #### Transition Related to Accounting Standards Update No. 2025-12, Codification Improvements ##### [105-10-65-10](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-10) Pending content: no Source downloaded (UTC): 2026-09-09T22:51:37.801Z to 2026-09-09T22:51:37.801Z Record version: sha256:77cf61f7576ee2986facb0b65c4cc95003a8e3dad0b03269d42b5ad0138cfe6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2025-12](https://asc.understandingaccounting.org/updates/asu-2025-12/) 2028-06-13 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 2026-12-16 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](https://asc.understandingaccounting.org/asc/260/10/#260-10-65-5)): **Effective date and early adoption** 1. 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. 2. 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** 1. c 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): 1. 1 Prospectively to all transactions recognized on or after the date that the pending content that links to this paragraph is adopted. 2. 2 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** 1. 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)](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1) in both the interim reporting period (if applicable) and the annual reporting period of the change. 2. 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)](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1), (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** 1. 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: 1. 1 Amendments to the Master Glossary to remove the term _Amortized Cost_ 2. 2 Amendments to Subtopic 205-10 in paragraph [205-10-45-2](https://asc.understandingaccounting.org/asc/205/10/#205-10-45-2) 3. 3 Amendments to Subtopic 220-10 in paragraph [220-10-55-7](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-7) 4. 4 Amendments to Subtopic 310-10 in paragraph [310-10-50-40](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-40) 5. 5 Amendments to Subtopic 325-40 in paragraphs [325-40-35-1](https://asc.understandingaccounting.org/asc/325/40/#325-40-35-1), [325-40-35-4 through 35-4B](https://asc.understandingaccounting.org/asc/325/40/#325-40-35-4) , and [325-40-35-10](https://asc.understandingaccounting.org/asc/325/40/#325-40-35-10) 6. 6 Amendments to Subtopic 326-20 in paragraphs [326-20-30-4A](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-4A), [326-20-35-8A](https://asc.understandingaccounting.org/asc/326/20/#326-20-35-8A), and [326-20-45-5](https://asc.understandingaccounting.org/asc/326/20/#326-20-45-5) 7. 7 Amendments to Subtopic 360-10 in paragraph [360-10-40-2](https://asc.understandingaccounting.org/asc/360/10/#360-10-40-2) 8. 8 Amendments to Subtopic 410-30 in paragraph [410-30-25-17](https://asc.understandingaccounting.org/asc/410/30/#410-30-25-17) 9. 9 Amendments to Subtopic 505-30 in paragraph [505-30-30-8](https://asc.understandingaccounting.org/asc/505/30/#505-30-30-8) 10. 10 Amendments to Subtopic 606-10 in paragraph [606-10-55-404](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-404) 11. 11 Amendments to Subtopic 740-10 in paragraph [740-10-55-38](https://asc.understandingaccounting.org/asc/740/10/#740-10-55-38) 12. 12 Amendments to Subtopic 815-40 in paragraph [815-40-55-5](https://asc.understandingaccounting.org/asc/815/40/#815-40-55-5) 13. 13 Amendments to Subtopic 820-10 in paragraph [820-10-55-53](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-53) 14. 14 Amendments to Subtopic 825-10 in paragraph [825-10-15-7](https://asc.understandingaccounting.org/asc/825/10/#825-10-15-7) 15. 15 Amendments to Subtopic 825-10 in paragraph [825-10-25-4](https://asc.understandingaccounting.org/asc/825/10/#825-10-25-4) 16. 16 Amendments to Subtopic 852-10 in paragraph [852-10-55-3](https://asc.understandingaccounting.org/asc/852/10/#852-10-55-3) 17. 17 Amendments to Subtopic 852-10 in paragraphs [852-10-55-9 through 55-11](https://asc.understandingaccounting.org/asc/852/10/#852-10-55-9) 18. 18 Amendments to Subtopic 860-10 in paragraph [860-10-55-3](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-3) 19. 19 Amendments to Subtopic 860-10 in paragraphs [860-10-55-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-5) and [860-10-55-14A](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-14A) 20. 20 Amendments to Subtopic 860-10 in paragraph [860-10-55-42B](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-42B) 21. 21 Amendments to Subtopic 944-360 in paragraph [944-360-45-5](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-5) 22. 22 Amendments to Subtopic 954-810 in paragraph [954-810-15-3](https://asc.understandingaccounting.org/asc/810/954/#810-954-15-3) 23. 23 Amendments to Subtopics 954-220 and 958-220 in paragraphs [954-220-45-6](https://asc.understandingaccounting.org/asc/220/954/#220-954-45-6) and [958-220-45-9](https://asc.understandingaccounting.org/asc/220/958/#220-958-45-9) 24. 24 Amendments to Subtopic 958-310 in paragraph [958-310-35-3](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-3) 25. 25 Amendments to Subtopic 958-325 in paragraph [958-325-35-1](https://asc.understandingaccounting.org/asc/325/958/#325-958-35-1) 26. 26 Amendments to Subtopic 958-325 in paragraphs [958-325-35-5](https://asc.understandingaccounting.org/asc/325/958/#325-958-35-5), [958-325-35-7](https://asc.understandingaccounting.org/asc/325/958/#325-958-35-7), and [958-325-60-2](https://asc.understandingaccounting.org/asc/325/958/#325-958-60-2) 27. 27 Amendments to Subtopics 958-360 and 958-605 in paragraphs [958-360-50-4](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-4) and [958-605-55-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-25) 28. 28 Amendments to Subtopic 958-805 in paragraph [958-805-25-21](https://asc.understandingaccounting.org/asc/805/958/#805-958-25-21) 29. 29 Amendments to Subtopic 958-805 in paragraph [958-805-30-5](https://asc.understandingaccounting.org/asc/805/958/#805-958-30-5) 30. 30 Amendments to Subtopic 958-815 in paragraphs [958-815-05-1](https://asc.understandingaccounting.org/asc/815/958/#815-958-05-1) and [958-815-25-1 through 25-2](https://asc.understandingaccounting.org/asc/815/958/#815-958-25-1) 31. 31 Amendments to Subtopic 962-325 in paragraph [962-325-55-17](https://asc.understandingaccounting.org/asc/325/962/#325-962-55-17) 32. 32 Amendments to Subtopic 970-323 in paragraph [970-323-05-4](https://asc.understandingaccounting.org/asc/323/970/#323-970-05-4).