{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/958/#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":"815-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-958-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">See paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/958/30/#958-30-25-7\" class=\"xref\">958-30-25-7 through 25-14</a></div> to determine whether an obligation arising from an irrevocable split-interest agreement contains an embedded derivative that warrants separate accounting under paragraph <a href=\"/asc/815/15/#815-15-25-1\" class=\"xref\">815-15-25-1</a>.</div><div class=\"div pending-text\" id=\"pgroup_42F90F08-6E93-1014-A13F-6E4B94C84136__GUID-F5C57C81-FD3F-40B5-A671-33650A670F31\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2026; (N) December 16, 2026</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/105/10/#105-10-65-10\" class=\"xref\">105-10-65-10</a><table class=\"asc-table\" frame=\"top\"><tr><td class=\"entry\"><em class=\"ph i\"><strong class=\"ph b\">Editor's Note</strong>: The heading noted below will be added upon transition to precede paragraph 958-815-25-1. The content of the paragraph will not change. </em></td></tr><tr><td class=\"entry\"> &gt; <strong class=\"ph b\">Embedded Derivatives</strong></td></tr></table>See paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/958/30/#958-30-25-7\" class=\"xref\">958-30-25-7 through 25-14</a></div> to determine whether an obligation arising from an irrevocable split-interest agreement contains an embedded derivative that warrants separate accounting under paragraph <a href=\"/asc/815/15/#815-15-25-1\" class=\"xref\">815-15-25-1</a>.</div></div>","snippet":"See paragraphs 958-30-25-7 through 25-14 to determine whether an obligation arising from an irrevocable split-interest agreement contains an embedded derivative that warrants separate accounting under paragraph 815-15-25…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5989292a7e38c0f3c1cda36a245e91179f21d3f6a5848061a192913d798a5360","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f439db4798755d7d8f025ac1cef8b164313f17abf5e93d22be6fb1f6bcc58b13","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}},{"block":null,"heading":"Hedge Documentation and Effectiveness","paragraphs":[{"citation":"815-958-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"div pending-text\" id=\"pgroup_qjj_flr_4hc__GUID-03F156A8-50BB-45AB-9987-F578B1C65DE4\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2026; (N) December 16, 2026</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/105/10/#105-10-65-10\" class=\"xref\">105-10-65-10</a><span class=\"sfragment\" id=\"GUID-1FE408D8-5645-4EA1-9F19-273756F6B542\"><span class=\"sfragment-source\">See paragraphs <a href=\"/asc/815/20/#815-20-25-3A\" class=\"xref\">815-20-25-3A</a> and <a href=\"/asc/815/20/#815-20-25-143\" class=\"xref\">815-20-25-143</a> about the timing of hedge documentation and hedge effectiveness assessments for certain not-for-profit entities. </span></span></div></div>","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:105-10-65-10See paragraphs 815-20-25-3A and 815-20-25-143 about the timing of hedge documentation and hedge effectiveness assessments for ce…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:290c192c8be4a41660c45b3faff51693f0ffc5aa413e220d0f3b99d70808e8b2","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:632aa97e652bae1a5b08fefbc0fa0bcd589db6d2db5f0128dd3c87d5d64db8c3","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84f8c7ce56030ca2858cad11b4d8853867aa9c853b8bd6d4ee089743646a363f","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84f8c7ce56030ca2858cad11b4d8853867aa9c853b8bd6d4ee089743646a363f","downloaded_from":"2026-09-10T01:41:17.922Z","last_downloaded_at":"2026-09-10T01:41:17.922Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478186","source_sha256":"963c398f5b57169738b6d646e9c80bc9cc458b79c3a14a0f0d78e6f22a0f3179"}}