{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/45/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-45-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_C3178683-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><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 derivative</span></a> contracts within the scope of this Subtopic are financial instruments and, therefore, entities that enter into such contracts shall follow the disclosure requirements under Subtopic <a altsource=\"GUID-949FE0F4-4A71-425B-8009-76B1AB716B1C.ditamap\" class=\"ditamap\">825-10</a>. </span></span></div></div>","snippet":"Weather derivative contracts within the scope of this Subtopic are financial instruments and, therefore, entities that enter into such contracts shall follow the disclosure requirements under Subtopic 825-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26716e9345d067f5185a761189e04d9229de304487fe91e72454b7e2072dcd81","downloaded_from":"2026-09-10T01:39:45.884Z","last_downloaded_at":"2026-09-10T01:39:45.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480865","source_sha256":"a5a3983f13b9442c7e6112523c0f11aac03fd5e32fe5210af5d97e6500f8d124"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52c9d1dcca9054fb755e06458f7124f8aa612ebd6aa6a6616e0be6e6c80dceaa","downloaded_from":"2026-09-10T01:39:45.884Z","last_downloaded_at":"2026-09-10T01:39:45.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480865","source_sha256":"a5a3983f13b9442c7e6112523c0f11aac03fd5e32fe5210af5d97e6500f8d124"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09eee49a336463caacb696d24a71d9d2ffe3950b8f1d6f8f5754c754ae5091ff","downloaded_from":"2026-09-10T01:39:45.884Z","last_downloaded_at":"2026-09-10T01:39:45.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480865","source_sha256":"a5a3983f13b9442c7e6112523c0f11aac03fd5e32fe5210af5d97e6500f8d124"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09eee49a336463caacb696d24a71d9d2ffe3950b8f1d6f8f5754c754ae5091ff","downloaded_from":"2026-09-10T01:39:45.884Z","last_downloaded_at":"2026-09-10T01:39:45.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480865","source_sha256":"a5a3983f13b9442c7e6112523c0f11aac03fd5e32fe5210af5d97e6500f8d124"}}