# ASC 326-10-65: Financial Instruments—Credit Losses — Overall — 65 Transition and Open Effective Date Information Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/326/10/#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): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:08bbe47431dcf3951fba39ca57cb81e345bb0b4fd82c6424550b59d5f3d91907 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 326-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/326/10/#65-transition-and-open-effective-date-information) SEC content: no ##### [326-10-65-1](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:eb3567a2f394878831fc7cefda5100886fda59a1867cd967af4d1134ae0ad21a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/21/2024 after the end of the transition period stated in Accounting Standards Updates No. 2016-13, _Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments_, No. 2018-19, _Codification Improvements to Topic 326, Financial Instruments—Credit Losses_, No. 2019-04, _Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments_, No. 2019-05, _Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief_, No. 2019-10, _Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates_, No. 2019-11, _Codification Improvements to Topic 326, Financial Instruments—Credit Losses_, and No. 2022-02, _Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures_. ##### [326-10-65-2](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:ba68b9740ebb408c86209a6c0dd1c7387b0afd9d1bc142902e74e8c4f2b99d2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/21/2024 after the end of the transition period stated in Accounting Standards Updates No. 2019-04, _Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments_. ##### [326-10-65-3](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:bdeea2f8c510db36183063d1a9d4ac350ae4cda5d83a48f6737c191881890fad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/21/2024 after the end of the transition period stated in Accounting Standards Updates No. 2019-05, _Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief_. ##### [326-10-65-4](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:c0d843cd8d32f61cd70458156cd51a664e22473ca7c59502dfbc6f183f0aab9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/21/2024 after the end of the transition period stated in Accounting Standards Updates No. 2019-11, _Codification Improvements to Topic 326, Financial Instruments—Credit Losses_, and No. 2020-03, _Codification Improvements to Financial Instruments_. ##### [326-10-65-5](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:ff1f4f2d68b4db47c5fe87d9b25d91e98bd6ad2901f91e5f71a1023206909257 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/21/2024 after the end of the transition period stated in Accounting Standards Updates No. 2022-02, _Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures_. #### Transition Related to Accounting Standards Update No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets ##### [326-10-65-6](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:a08de6c1dd5bc13d6fb492f8dda8e2d8b4b078928379f43a02e315e7d9a2b3b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2025-05](https://asc.understandingaccounting.org/updates/asu-2025-05/) 2027-06-14 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 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. 2025-05, _Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets_: **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, 2025, 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 both interim and annual reporting periods in which 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 reporting period, it shall apply the pending content as of the beginning of the annual reporting period that includes that interim reporting period. **Transition method** 1. c An entity shall apply the pending content that links to this paragraph prospectively to estimates of expected credit losses on asset balances described in paragraph [326-20-30-10A](https://asc.understandingaccounting.org/asc/326/20/#326-20-30-10A) performed after the date of adoption. 2. d An entity other than a public business entity that elects the practical expedient and, if applicable, the accounting policy election after the effective date would not need to perform a preferability assessment in accordance with paragraph [250-10-45-2](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-2). #### Transition Related to Accounting Standards Update No. 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans ##### [326-10-65-7](https://asc.understandingaccounting.org/asc/326/10/#326-10-65-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:49:10.588Z to 2026-09-09T23:49:10.588Z Record version: sha256:803ba6023ddad3374b295463933c5a71498b999a0cd94384fadf42c133ca7ffc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update 2025-08](https://asc.understandingaccounting.org/updates/asu-2025-08/) 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. 2025-08, _Financial Instruments—Credit Losses (Topic 326): Purchased Loans_: **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 an interim or annual reporting period in which 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 reporting period, it shall apply the pending content as of the beginning of that interim reporting period or the beginning of the annual reporting period that includes that interim reporting period. **Transition method** 1. c An entity shall apply the pending content that links to this paragraph prospectively to loans that are acquired on or after the date of initial application of the pending content.