{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/25/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"815","topic_title":"Derivatives and Hedging","subtopic":"815-25","subtopic_title":"Fair Value Hedges","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-25-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides incremental guidance on accounting for and financial reporting of <a href=\"/glossary/f/#fair-value-hedge\" class=\"term\" title=\"A hedge of the exposure to changes in the fair value of a recognized asset or liability, or of an unrecognized firm commitment, that are attributable to a particular risk.\"><span>fair value hedges</span></a> established under the criteria in Subtopic <a altsource=\"GUID-833E0BEF-54EA-4A70-A256-093762A05A13.ditamap\" class=\"ditamap\">815-20</a>, <span class=\"sfragment\" id=\"sfr_BA1453BB-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">such as subsequent measurement and dedesignation of a fair value hedging relationship. Implementation guidance and examples specific to fair value hedges are included in both Subtopic <a altsource=\"GUID-833E0BEF-54EA-4A70-A256-093762A05A13.ditamap\" class=\"ditamap\">815-20</a> and this Subtopic. </span></span></div> </div>","snippet":"This Subtopic provides incremental guidance on accounting for and financial reporting of fair value hedges established under the criteria in Subtopic 815-20, such as subsequent measurement and dedesignation of a fair val…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21916c27f21b3541015856c4c1a3acd9c05c0db8bd292559ac82d2f02278fd1f","downloaded_from":"2026-09-10T01:37:07.852Z","last_downloaded_at":"2026-09-10T01:37:07.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480435","source_sha256":"b0e5ed3703151d170ec4928d8fccb599363bedcb16b3656c6905d2529b14b5e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bb85db93b4420432ce6dffbbfda9ee6dce7377e16c68d43e07e774c4f06b9fe","downloaded_from":"2026-09-10T01:37:07.852Z","last_downloaded_at":"2026-09-10T01:37:07.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480435","source_sha256":"b0e5ed3703151d170ec4928d8fccb599363bedcb16b3656c6905d2529b14b5e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4fcdaea3273800f7837bbb93aea44615be0d12fd7633cb8becba937374c0855","downloaded_from":"2026-09-10T01:37:07.852Z","last_downloaded_at":"2026-09-10T01:37:07.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480435","source_sha256":"b0e5ed3703151d170ec4928d8fccb599363bedcb16b3656c6905d2529b14b5e1"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4fcdaea3273800f7837bbb93aea44615be0d12fd7633cb8becba937374c0855","downloaded_from":"2026-09-10T01:37:07.852Z","last_downloaded_at":"2026-09-10T01:37:07.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480435","source_sha256":"b0e5ed3703151d170ec4928d8fccb599363bedcb16b3656c6905d2529b14b5e1"}}