{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/45/#15-scope-and-scope-exceptions","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":"815-45","subtopic_title":"Weather Derivatives","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"815-45-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all entities.</div></div>","snippet":"The guidance in this Subtopic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ed79e49aab4ad0fb35fad6eb037739d170d4f74c7658de8b72b98e7e06b38a0","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5a47e1a0dce0cbefa8b010613234df9d7e754b43f300fe218179cca15cba36e","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}},{"block":null,"heading":"Instruments","paragraphs":[{"citation":"815-45-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">Except as noted in this paragraph, the guidance in this Subtopic applies to all <a href=\"/glossary/w/#weather-derivative\" class=\"term\" title=\"A forward-based or option-based contract for which settlement is based on a climatic or geological variable. One example of such a variable is the occurrence or nonoccurrence of a specified amount of snow at a specified location within a specified period of time.\"><span>weather derivatives</span></a> that are not exchange-traded (and, therefore, not subject to the requirements of Subtopic <a altsource=\"GUID-F827BBCC-41BF-479A-9C1D-5A5E98904787.ditamap\" class=\"ditamap\">815-10</a>). <span class=\"sfragment\" id=\"sfr_C2EF64E8-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The guidance in this Subtopic does not apply to contracts written by insurance entities that entitle the holder to be compensated only if, as a result of an insurable event, the holder incurs a liability or there is an adverse change in the value of a specific asset or liability for which the holder is at risk. </span></span></div></div>","snippet":"Except as noted in this paragraph, the guidance in this Subtopic applies to all weather derivatives that are not exchange-traded (and, therefore, not subject to the requirements of Subtopic 815-10). The guidance in this …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6a2d972272a8939f28d65f473e41b1997062d182f2b653cd31c8d102c7bb550","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21d88b1cabc0e2e63b37c7fcd4764381a8ba8694d27d1d5fcfa19cd73f277129","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a5758e811a56f2710fd483e06f1f38349a1bb069b6194c2767164afc5de2831","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a5758e811a56f2710fd483e06f1f38349a1bb069b6194c2767164afc5de2831","downloaded_from":"2026-09-10T01:39:32.624Z","last_downloaded_at":"2026-09-10T01:39:32.624Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481025","source_sha256":"8fc76f3c6b20e42e8ce55364475444a1a9e10b50b12d9d8ed382a3990d86c75a"}}