{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/25/#25-recognition","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":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-25-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_BA2D13EB-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See Section <a altsource=\"GUID-C1AE18BF-4570-4E68-9110-2CD3F859168A.ditamap\" class=\"ditamap\">815-20-25</a> for the criteria under which an entity may designate a <a href=\"/glossary/d/#derivative-instrument\" class=\"term\" title=\"Paragraphs 815-10-15-83815-10-15-84815-10-15-85815-10-15-86815-10-15-87815-10-15-88815-10-15-89815-10-15-90815-10-15-91815-10-15-92815-10-15-93815-10-15-94815-10-15-95815-10-15-96815-10-15-97815-10-15-98815-10-15-99815-10-15-100815-10-15-101815-10-15-102815-10-15-103815-10-15-104815-10-15-105815-10-15-106815-10-15-107815-10-15-108815-10-15-109815-10-15-110815-10-15-111815-10-15-112815-10-15-113815-10-15-114815-10-15-115815-10-15-116815-10-15-117815-10-15-118815-10-15-119815-10-15-120815-10-15-121815-10-15-122815-10-15-123815-10-15-124815-10-15-125815-10-15-126815-10-15-127815-10-15-128815-10-15-129815-10-15-130815-10-15-131815-10-15-132815-10-15-133815-10-15-134815-10-15-135815-10-15-136815-10-15-137815-10-15-138815-10-15-139 define the term derivative instrument.\"><span>derivative instrument</span></a> as hedging the exposure to changes in the <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> of an asset or a liability or an identified portion thereof (hedged item) that is attributable to a particular risk. </span></span> <span class=\"sfragment\" id=\"sfr_BA2D1577-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/815/10/#815-10-05-5\" class=\"xref\">815-10-05-5</a> states that references to an asset or a liability in this Topic include a firm commitment.</span></span> </div> </div>","snippet":"See Section 815-20-25 for the criteria under which an entity may designate a derivative instrument as hedging the exposure to changes in the fair value of an asset or a liability or an identified portion thereof (hedged …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f2b436006fcef08d2857d24688835ab97d0d6d054386748efb297b11e3f75b3","downloaded_from":"2026-09-10T01:37:15.880Z","last_downloaded_at":"2026-09-10T01:37:15.880Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480352","source_sha256":"89f4a9550fe96fc386696961a1d2013b65c3cbd08a57bd9dff40673cd1247aab"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a1faeaed3340d74c2d6266edeb5789f319ffb37f697b517b893c3e7749e33cc","downloaded_from":"2026-09-10T01:37:15.880Z","last_downloaded_at":"2026-09-10T01:37:15.880Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480352","source_sha256":"89f4a9550fe96fc386696961a1d2013b65c3cbd08a57bd9dff40673cd1247aab"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:343c2b18b553d8944ca15073ed99a0fcb0fb9bee7bbf0c555b370b8bf289f1a6","downloaded_from":"2026-09-10T01:37:15.880Z","last_downloaded_at":"2026-09-10T01:37:15.880Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480352","source_sha256":"89f4a9550fe96fc386696961a1d2013b65c3cbd08a57bd9dff40673cd1247aab"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:343c2b18b553d8944ca15073ed99a0fcb0fb9bee7bbf0c555b370b8bf289f1a6","downloaded_from":"2026-09-10T01:37:15.880Z","last_downloaded_at":"2026-09-10T01:37:15.880Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480352","source_sha256":"89f4a9550fe96fc386696961a1d2013b65c3cbd08a57bd9dff40673cd1247aab"}}