# ASC 815-30-05: Derivatives and Hedging — Cash Flow Hedges — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 815-30-05: 05 Overview and Background

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##### [815-30-05-1](https://asc.understandingaccounting.org/asc/815/30/#815-30-05-1)

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This Subtopic provides incremental guidance on accounting for and financial reporting of [cash flow hedges](https://asc.understandingaccounting.org/glossary/c/#cash-flow-hedge "A hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk.") established under the criteria in Subtopic815-20such as subsequent measurement and dedesignation of a hedging relationship. Implementation guidance and examples specific to cash flow hedges are included in both Subtopic 815-20 and this Subtopic.