# ASC 815-25-05: Derivatives and Hedging — Fair Value Hedges — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 815-25-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/815/25/#05-overview-and-background)

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##### [815-25-05-1](https://asc.understandingaccounting.org/asc/815/25/#815-25-05-1)

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This Subtopic provides incremental guidance on accounting for and financial reporting of [fair value hedges](https://asc.understandingaccounting.org/glossary/f/#fair-value-hedge "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.") established under the criteria in Subtopic 815-20, 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 815-20 and this Subtopic.