# ASC 255-10-05: Changing Prices — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/255/10/#05-overview-and-background)

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## ASC 255-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/255/10/#05-overview-and-background)

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##### [255-10-05-1](https://asc.understandingaccounting.org/asc/255/10/#255-10-05-1)

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The Changing Prices Topic provides guidance on reporting the effects of changing prices, or inflation, on financial statements of business entities. The reporting addresses both general inflation and price changes of certain assets.