# ASC 825-10-10: Financial Instruments — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/825/10/#10-objectives)

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## ASC 825-10-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/825/10/#10-objectives)

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### Fair Value Option

##### [825-10-10-1](https://asc.understandingaccounting.org/asc/825/10/#825-10-10-1)

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The objective of the guidance in the Fair Value Option Subsections of this Subtopic is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions.