# ASC Topic 848: Reference Rate Reform Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/848/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T02:01:01.971Z to 2026-09-10T02:02:14.578Z Record version: sha256:e545e57a9da6f7a10d0d373c0b401957d6a279a04ea29bf1b63541b892addcec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## Machine-generated topic summary ASC 848, Reference Rate Reform, provided temporary, wholly optional expedients and exceptions from otherwise applicable GAAP for contract modifications, hedging relationships, and other transactions affected by the discontinuation of LIBOR and other reference rates — most importantly allowing a rate-reform-driven modification to be accounted for as a continuation of the existing contract rather than an extinguishment or new contract, and permitting hedging relationships to continue without dedesignation. The topic is organized as an Overall subtopic (848-10) plus subtopics for contract modifications (848-20), hedging in general (848-30), fair value hedges (848-40), and cash flow hedges (848-50). As presented here, every paragraph in each subtopic has been superseded — by ASU 2020-04 and ASU 2021-01 (which clarified scope for derivatives affected by the discounting transition) — and the transition paragraphs 848-10-65-1 and 65-2 were superseded on 07/02/2026 at the end of the sunset period deferred by ASU 2022-06. The single most important takeaway is that Topic 848 relief was time-limited: after the sunset date the expedients expired, no conclusion can be supported by citing these superseded paragraphs, and entities must apply ordinary GAAP (e.g., Topics 815 and 470) to reference-rate-related changes. Source downloaded (UTC): 2026-09-10T02:01:01.971Z to 2026-09-10T02:01:22.011Z Record version: sha256:a2e28ceef78d9700604fda88ebc5ade6b3daff3ac3e6a126284c84f1a7eadbfd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10: Reference Rate Reform — Overall ### Machine-generated study aids ```json { "summary": "ASC 848-10 was the \"Overall\" subtopic of Topic 848, Reference Rate Reform, which provided optional expedients and exceptions for contract modifications, hedge accounting, and other transactions affected by the discontinuation of LIBOR and other reference rates. As presented, every paragraph in this subtopic has been superseded — the substantive guidance in Sections 05 through 55 was superseded by ASU 2020-04 and ASU 2021-01, and the transition paragraphs (848-10-65-1 and 65-2) were superseded on 07/02/2026 at the end of the transition period set by ASU 2020-04, ASU 2021-01, and ASU 2022-06 (which deferred the sunset date). The practical result is that Topic 848 relief is time-limited and no longer available after the sunset date.", "key_points": [ "Topic 848 provided temporary, optional relief (expedients and exceptions) from otherwise applicable GAAP for contracts and hedging relationships affected by reference rate reform, such as the transition away from LIBOR.", "All of the scope, subsequent measurement, disclosure, and implementation guidance in 848-10 (paragraphs 05-1 through 55-1) has been superseded by ASU 2020-04 and ASU 2021-01.", "848-10-65-1 and 848-10-65-2, the transition paragraphs, were superseded on 07/02/2026 after the end of the transition period stated in ASU 2020-04, ASU 2021-01, and ASU 2022-06.", "ASU 2022-06 deferred the sunset date of Topic 848; once that date passed, the relief expired and entities must apply ordinary GAAP (for example, Topics 815 and 470) to reference-rate-related changes.", "ASU 2021-01 clarified the scope of Topic 848 (including derivatives affected by discounting transition) and superseded 848-10-15-3A and 848-10-55-1.", "Because 848-10 contains no operative text, a reader seeking Topic 848 relief must look to the other subtopics of Topic 848 and to the underlying ASUs for the periods in which the guidance was effective." ], "categories": [ "Transition and effective dates", "Derivatives and hedging", "Financial instruments", "Subsequent measurement" ], "audience_level": "intermediate", "student_note": "Know that Topic 848 was deliberately temporary relief tied to the LIBOR transition, not permanent GAAP; the common misunderstanding is treating its expedients as still available, when the sunset date (extended by ASU 2022-06) ended the relief and superseded even the transition paragraphs.", "related_topics": [ "848", "815", "470", "310", "842" ], "key_concepts": [ "reference rate reform", "libor transition", "optional expedients", "sunset date", "superseded guidance", "contract modifications", "hedge accounting relief", "transition period" ] } ``` Source downloaded (UTC): 2026-09-10T02:01:01.971Z to 2026-09-10T02:01:01.971Z Record version: sha256:02192ddfab0924c171b7fd0dcd0e6ce7d3decd33779aaed5826f3a88ecacedc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/10/#00-status) SEC content: no ##### [848-10-00-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:01.971Z to 2026-09-10T02:01:01.971Z Record version: sha256:0d83383ebd931faf8dd81740d28732679b255207255f57fc15554a8d014fe0a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Financial Statements Are Available to Be IssuedSupersededAccounting Standards Update No. 2020-0403/12/2020
Financial Statements Are Available to Be IssuedAddedAccounting Standards Update No. 2020-0403/12/2020
848-10-05-1 through 05-3
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-05-1 through 05-3
AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-05-2AmendedAccounting Standards Update No. 2021-0101/07/2021
848-10-15-1 through 15-4
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-15-1 through 15-4
AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-15-3ASupersededAccounting Standards Update No. 2021-0101/07/2021
848-10-15-3AAddedAccounting Standards Update No. 2021-0101/07/2021
848-10-35-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-35-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-35-2SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-35-2AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-50-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-50-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-55-1SupersededAccounting Standards Update No. 2021-0101/07/2021
848-10-55-1AddedAccounting Standards Update No. 2021-0101/07/2021
848-10-65-1AmendedAccounting Standards Update No. 2022-0612/21/2022
848-10-65-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-10-65-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-10-65-2AmendedAccounting Standards Update No. 2022-0612/21/2022
848-10-65-2AddedAccounting Standards Update No. 2021-0101/07/2021
Source downloaded (UTC): 2026-09-10T02:01:04.431Z to 2026-09-10T02:01:04.431Z Record version: sha256:5abd98593c008b5ca37861ca6d355c0763a2d83d45c443f6acedc2116ebc9910 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/10/#05-overview-and-background) SEC content: no ##### [848-10-05-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:04.431Z to 2026-09-10T02:01:04.431Z Record version: sha256:9206ca78ccb988bd7eae794f02afb7286e2125e957ec79d2e5e29a5e877c41bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-10-05-2](https://asc.understandingaccounting.org/asc/848/10/#848-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:04.431Z to 2026-09-10T02:01:04.431Z Record version: sha256:03eb5954f9b05ccdcdd181809c67eb9d08795f5ad23ae83464a932153fa0d873 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/) ##### [848-10-05-3](https://asc.understandingaccounting.org/asc/848/10/#848-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:04.431Z to 2026-09-10T02:01:04.431Z Record version: sha256:9727d69cac8eb8bc52afc98db2971465115f9bcdd9be9ced10fa9ee1151e8ec5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:36dd1b56aad8d48e5e2189f8cf11dc779816999ff76a221194cb289a095fc590 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/848/10/#15-scope-and-scope-exceptions) SEC content: no ##### [848-10-15-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:5a19dae56cf73b834fcfd3908e915c4ca790c4cb41b71c9e23490d8db8a7dae5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-10-15-2](https://asc.understandingaccounting.org/asc/848/10/#848-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:3a6698f9f3d6d20f066d16709380d66c3d8b7e238912a0944e0135229cd36966 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-10-15-3](https://asc.understandingaccounting.org/asc/848/10/#848-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:a1a3647606db8bb0f42f338232e0166ae984bf9df772936cb568fb9f22b0620d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-10-15-3A](https://asc.understandingaccounting.org/asc/848/10/#848-10-15-3A) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:edddae7919fbd6366edae3632159b98a8ec5e5ccf65ea8768ac2e580d444a732 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-10-15-4](https://asc.understandingaccounting.org/asc/848/10/#848-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:07.183Z to 2026-09-10T02:01:07.183Z Record version: sha256:2a1733be21b618e248b88cefb708b17377a9563f04d4157fe500e3a60c52da80 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:10.022Z to 2026-09-10T02:01:10.022Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/848/10/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:01:11.854Z to 2026-09-10T02:01:11.854Z Record version: sha256:8b8430e8210effbd271fd415495a1a2b4dda7f4435d10c8b27185255507654ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/848/10/#35-subsequent-measurement) SEC content: no ##### [848-10-35-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:11.854Z to 2026-09-10T02:01:11.854Z Record version: sha256:9357364508841e72ce26800f6792c8045913bfdd92198419334ec494fd1752ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-10-35-2](https://asc.understandingaccounting.org/asc/848/10/#848-10-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:11.854Z to 2026-09-10T02:01:11.854Z Record version: sha256:af6589c1eda783caeb07a443b0084e2bdb57e1dfafc19060498ff953c4326fa5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:14.599Z to 2026-09-10T02:01:14.599Z Record version: sha256:e5c07da94fb768d749e26d2ab2180f5d2b92d7d674f12174530424086b1647e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/848/10/#50-disclosure) SEC content: no ##### [848-10-50-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:14.599Z to 2026-09-10T02:01:14.599Z Record version: sha256:0086985b1d2765e92c7289220234af8aeb9cb6f44c0e33da1afa40a739e6a13d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:17.284Z to 2026-09-10T02:01:17.284Z Record version: sha256:59244bcbfb25a5f259f127519aba1ca712487800a94ef2358d5b94240476bab6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/848/10/#55-implementation-guidance-and-illustrations) SEC content: no #### Implementation Guidance ##### [848-10-55-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:17.284Z to 2026-09-10T02:01:17.284Z Record version: sha256:350d7f61183fd95051b9e858d84320f8e2175c8b08a1fe1050913ba256254865 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). Source downloaded (UTC): 2026-09-10T02:01:19.796Z to 2026-09-10T02:01:19.796Z Record version: sha256:58def5a96d30e973dfc34f9c14c3207ada813a42428a380e24c4d46b321a1bcf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/848/10/#65-transition-and-open-effective-date-information) SEC content: no ##### [848-10-65-1](https://asc.understandingaccounting.org/asc/848/10/#848-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:19.796Z to 2026-09-10T02:01:19.796Z Record version: sha256:4322f01aa6d240d1927ab9e6e6f6c7b194d686a79382d57fa8e8b2b714bae3b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/02/2026 after the end of the transition period stated in Accounting Standards Updates No. 2020-04, _Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting_, and No. 2022-06, _Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848_. ##### [848-10-65-2](https://asc.understandingaccounting.org/asc/848/10/#848-10-65-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:19.796Z to 2026-09-10T02:01:19.796Z Record version: sha256:35d813e7ea2f5ee372fc739fc45830a3e0a9d43ca840a87c00dccdebeadd8267 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/02/2026 after the end of the transition period stated in Accounting Standards Updates No. 2021-01, _Reference Rate Reform (Topic 848): Scope_, and No. 2022-06, _Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848_. Source downloaded (UTC): 2026-09-10T02:01:25.341Z to 2026-09-10T02:01:35.010Z Record version: sha256:1edc65ebd761bd78aa60e6001cf01de5068c98828a9dbc0869979187def144b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20: Reference Rate Reform — Contract Modifications ### Machine-generated study aids ```json { "summary": "ASC 848-20 was the placeholder subtopic for contract modifications under Reference Rate Reform, but every paragraph in it has been superseded — Sections 05, 15, 35, and 55 were all superseded by ASU 2020-04 (with 848-20-15-2A superseded by ASU 2021-01). As a result, 848-20 contains no operative guidance; the optional expedients for modifications of contracts affected by reference rate reform now reside in ASC 848-20's replacement guidance within Topic 848 (principally 848-10 scope and the successor modification/hedging subtopics). Students should treat this subtopic as an empty shell and look to the current Topic 848 guidance instead.", "key_points": [ "Every paragraph shown in 848-20 (05-1; 15-1 through 15-11; 35-1 through 35-15; 55-1 and 55-2) is marked 'Paragraph superseded by Accounting Standards Update No. 2020-04.'", "Paragraph 848-20-15-2A was separately superseded by Accounting Standards Update No. 2021-01, which addressed derivatives affected by the discounting transition.", "Because the Overview and Background (05), Scope (15), Subsequent Measurement (35), and Implementation Guidance and Illustrations (55) sections are all superseded, 848-20 imposes no recognition, measurement, or disclosure requirements.", "The optional expedients for contract modifications made because of reference rate reform must be located in the current, non-superseded portions of Topic 848 rather than in 848-20.", "Topic 848 as a whole provides elective, temporary relief allowing modifications tied to reference rate reform to be accounted for as a continuation of the existing contract rather than as an extinguishment or new contract." ], "categories": [ "Transition and effective dates", "Financial instruments", "Derivatives and hedging" ], "audience_level": "intermediate", "student_note": "Do not cite 848-20 paragraphs as authority — they were all superseded by ASU 2020-04 (and 15-2A by ASU 2021-01); the common mistake is quoting stale codification text that no longer carries any requirement. Go to the live Topic 848 sections for the reference rate reform expedients.", "related_topics": [ "848-10", "848-30", "848-40", "848-50", "815", "470-50" ], "key_concepts": [ "reference rate reform", "contract modifications", "superseded guidance", "optional expedients", "libor transition", "discounting transition", "elective relief" ] } ``` Source downloaded (UTC): 2026-09-10T02:01:25.341Z to 2026-09-10T02:01:25.341Z Record version: sha256:eaa0ade596898b6b36e8447c9e0e8a0fcb726032bddc6b3730134dbcb949fbc0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/20/#00-status) SEC content: no ##### [848-20-00-1](https://asc.understandingaccounting.org/asc/848/20/#848-20-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:25.341Z to 2026-09-10T02:01:25.341Z Record version: sha256:5893d5bc4d3fd3f9ab11f9ed4c0b28704b77ec2d3c2c27cbe553840b1e2946cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
848-20-05-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-20-05-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-20-15-1 through 15-11
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-20-15-1 through 15-11
AddedAccounting Standards Update No. 2020-0403/12/2020
848-20-15-2 through 15-5
AmendedAccounting Standards Update No. 2021-0101/07/2021
848-20-15-2ASupersededAccounting Standards Update No. 2021-0101/07/2021
848-20-15-2AAddedAccounting Standards Update No. 2021-0101/07/2021
848-20-35-1AmendedAccounting Standards Update No. 2021-0101/07/2021
848-20-35-1 through 35-15
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-20-35-1 through 35-15
AddedAccounting Standards Update No. 2020-0403/12/2020
848-20-35-5AmendedAccounting Standards Update No. 2021-0101/07/2021
848-20-35-8AmendedAccounting Standards Update No. 2020-0608/05/2020
848-20-55-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-20-55-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-20-55-2SupersededAccounting Standards Update No. 2020-0403/12/2020
848-20-55-2AddedAccounting Standards Update No. 2020-0403/12/2020
Source downloaded (UTC): 2026-09-10T02:01:28.305Z to 2026-09-10T02:01:28.305Z Record version: sha256:2d3269706abfed4ae60dcef06ab126d640a97c71af4135febf5ff85898258d82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/20/#05-overview-and-background) SEC content: no ##### [848-20-05-1](https://asc.understandingaccounting.org/asc/848/20/#848-20-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:28.305Z to 2026-09-10T02:01:28.305Z Record version: sha256:b4514e7dcdc494ce5cb79e655a77803aa118b073c290a25d94c39abee9152dac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:5c34d70a0cb1c940cfb53c8093774a99ce7499b75aedc242df3c671145027a35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/848/20/#15-scope-and-scope-exceptions) SEC content: no ##### [848-20-15-1](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:432dad59bf340591d3d2bcff7e449b3c42c8293e17e7d5dee5819968cde43f79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-2](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:553c24077656fefad65d38cdd865865c21ba20dfd0425b6cdf9ec33e564e99dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-2A](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-2A) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:2c68ad61655cee73f65df6cb35741186a76212e0c613d2487c888299ba6f1a2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-20-15-3](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:76ce5acb427186b2d61f9cb3673837b620d96d42490591e981d47392cf874b76 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-4](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:3e283ed3837e72cbb89db9f73423981587e7fb681a530b99239bf2541ba75f28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-5](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:f851f4778b3390281f14d86c1bebee4c21f6ba94fadc550b23d37fe1440ae547 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-6](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:c66adde826a9727412d41f1e5f86d4d00ab27c6707bc94c2dd88211bf8b70e98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-7](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:b1f614db16bf08407c9643f0aa0743a9141a8983200c0fbc6401f811e84ef091 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-8](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:97b59452789bc1de1b1b23cff1479d21033f146bca95b118e8e0a03dc834ebc7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-9](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:096813cc986cbfec4d96ffcbebfdd70428b47f4e04ad20ee0eea93fd99c1576d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-10](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:347853175fa89574854e85ac6926ed8fd91bccdbcca775119b125146274fb746 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-15-11](https://asc.understandingaccounting.org/asc/848/20/#848-20-15-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:31.283Z to 2026-09-10T02:01:31.283Z Record version: sha256:2ebf1ca4e9eb26731f3aba97fe88020dd4564695306e6aa2e046cf1d87fea6b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:82d7faa56bb6fda1190a5445548f7fca57416ba2a9f6a77b0e68442513e91393 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/848/20/#35-subsequent-measurement) SEC content: no ##### [848-20-35-1](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:840d6ffa0160987e4655f5f9ac536a9194d45e3d5e943e1dc56e9cb3508db3e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-2](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:5829e31ebe7c36dbfa69e63d89a3c11c5ee4010dc8ca90c873aaaa5705a99b6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-3](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:275b1f6df103980cda2e4f585bcc00d400e5c340591c638946783668171022d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-4](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:ed53fb5a00fa4d654385f1a3c3c7790be17e6786f226fbfd1ecc4a21f55b6adf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-5](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:2981bb9c34e1ee95c4f6c4c66cf93d2a74364af6d5c8da3dd7be9c408d8b38de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-6](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:f18f3100a26d939a485fb7c4445993b5ec951d88212c8430766f67ef11755142 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-7](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:28d9052d88ebde948e29405f4b8429636353ba8fb259f2d20d68e6cbff7e11c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-8](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:37263cc66f67f689574fdf4d17c5e4ff3148a5a6b12bfdca4b43756b64677261 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-9](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:abc63edbf4d60672d29e92c0876d86c374cc3068d815cade91a024509a77212a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-10](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:e0623088d2e167f7584885d939ed64caeeaa108969f35921878da9ee1940966f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-11](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:d6f4d0ad1c8bafa9317774bb0c5190af887cc075456e4c528c67f07a04353a9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-12](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-12) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:6504d5fc10c6e426e68e18590ec788d2218c743020419890fdd898fd3e864c78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-13](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-13) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:86bfec7a60ff87a0eea7ca1183206bb7f2f45df2f55784bcd973d692d2aa0fc6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-14](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-14) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:83302d937174a29210c30d3001d4bbf43c52f6ad9432091c071fb891ea645865 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-35-15](https://asc.understandingaccounting.org/asc/848/20/#848-20-35-15) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:33.024Z to 2026-09-10T02:01:33.024Z Record version: sha256:f0fad711c6337a5f2bc536a584a1b914c01b3ebf2af24f89185a772ce29d2880 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:35.010Z to 2026-09-10T02:01:35.010Z Record version: sha256:573446d0a7f5f959e833fbc6a7ce49962fbd91ace692359ffe55847e83a9c098 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-20-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/848/20/#55-implementation-guidance-and-illustrations) SEC content: no ##### [848-20-55-1](https://asc.understandingaccounting.org/asc/848/20/#848-20-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:35.010Z to 2026-09-10T02:01:35.010Z Record version: sha256:9dd9169e2a70d426777d6a436c06ef8f3e1c095369c1f7dc31371139615642cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-20-55-2](https://asc.understandingaccounting.org/asc/848/20/#848-20-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:35.010Z to 2026-09-10T02:01:35.010Z Record version: sha256:2efe78d8a054fc88066d56a3cd4879f67c6569765df3522eb7ef8ad261ea0536 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:50.444Z Record version: sha256:8113b3164591dae90b665d4941357f557538d1f796decc132247d7bd2f958992 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30: Reference Rate Reform — Hedging—General ### Machine-generated study aids ```json { "summary": "ASC 848-30 was the placeholder subtopic for general hedging guidance under the reference rate reform relief in Topic 848, but every paragraph in it has been superseded — the Section 05, 15, and 25 paragraphs by ASU 2020-04, and paragraphs 848-30-25-7A, 25-11A, 25-11B, and 25-11C by ASU 2021-01. As a result, the subtopic currently contains no operative recognition, scope, or overview guidance. Practitioners seeking the optional expedients and exceptions for hedge accounting relationships affected by the discontinuation of LIBOR and other reference rates must look to the other subtopics of Topic 848, principally 848-40 and 848-50.", "key_points": [ "All of the overview (Section 05), scope (Section 15), and recognition (Section 25) paragraphs of 848-30 have been superseded and carry no current authoritative effect.", "Paragraphs 848-30-05-1, 848-30-15-1, and 848-30-25-1 through 25-13 were superseded by Accounting Standards Update No. 2020-04.", "Paragraphs 848-30-25-7A, 848-30-25-11A, 848-30-25-11B, and 848-30-25-11C were superseded by Accounting Standards Update No. 2021-01.", "Because the subtopic is entirely superseded, no recognition or measurement conclusion may be supported by citing 848-30.", "Reference rate reform hedging relief now resides in the remaining subtopics of Topic 848 (for example, 848-40 on fair value hedges and 848-50 on cash flow hedges), which should be consulted instead." ], "categories": [ "Derivatives and hedging", "Transition and effective dates", "Financial instruments" ], "audience_level": "advanced", "student_note": "This subtopic is a shell: knowing that 848-30 is fully superseded prevents the common error of citing withdrawn paragraphs for reference rate reform hedging relief, which actually lives in the other Topic 848 subtopics. Also note that Topic 848's relief is optional and time-limited, so the sunset date matters more than the empty 848-30 heading.", "related_topics": [ "848", "848-10", "848-40", "848-50", "815", "815-20" ], "key_concepts": [ "reference rate reform", "superseded guidance", "hedge accounting relief", "optional expedients", "libor transition", "discontinued reference rate", "codification maintenance" ] } ``` Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:38.800Z Record version: sha256:d13ba467132161eea13d64b49fddbb783d004c4adf72b7e470e830d2520263e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/30/#00-status) SEC content: no ##### [848-30-00-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:38.800Z Record version: sha256:486d8ccb24734a6d5122afd8006012ad62509a4eedfb846877e59c28f51b32cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
848-30-05-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-05-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-15-1AmendedAccounting Standards Update No. 2021-0101/07/2021
848-30-15-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-15-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-25-1 through 25-13
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-25-1 through 25-13
AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-25-7ASupersededAccounting Standards Update No. 2021-0101/07/2021
848-30-25-7AAddedAccounting Standards Update No. 2021-0101/07/2021
848-30-25-9 through 25-11
AmendedAccounting Standards Update No. 2021-0101/07/2021
848-30-25-11A through 25-11C
SupersededAccounting Standards Update No. 2021-0101/07/2021
848-30-25-11A through 25-11C
AddedAccounting Standards Update No. 2021-0101/07/2021
Source downloaded (UTC): 2026-09-10T02:01:41.579Z to 2026-09-10T02:01:41.579Z Record version: sha256:4bd2514c7fe8938db45cca74a8a230b3601032152b33e64b9083ca13f900d0f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/30/#05-overview-and-background) SEC content: no ##### [848-30-05-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:41.579Z to 2026-09-10T02:01:41.579Z Record version: sha256:55cea37ee960017ee780e20f0190ae4ea2c7c07a2fc3c022a973635290b725f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:44.043Z to 2026-09-10T02:01:44.043Z Record version: sha256:c80404104580a79dabf797e1babadd62348d8ec88f0eb70f94a454757c541685 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/848/30/#15-scope-and-scope-exceptions) SEC content: no ##### [848-30-15-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:44.043Z to 2026-09-10T02:01:44.043Z Record version: sha256:34f8a92bdb8a3adbe6a16f8f43b938b9ea2ac72013e034ad8e1271f245c67786 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:cd24991cb8fad65682881eef33a12eb43a2b4bbbc04c7461442a0fb59053af59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/848/30/#25-recognition) SEC content: no ##### [848-30-25-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:4e3fb6fea86cf2e60467f35fbc9039938aa498f074fab8a6692ae19136b10299 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-2](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:a76a02d7858ce06916319b0fdbd0fd38582e508086ff91547680e2abe03fcb93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-3](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:0827dedec58db866ab8210ea784e71fabbadf5520e646bfb78db780b1314dd12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-4](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:39af0ee2f6798e96ad486b3ac21df5dbce74d2b3bc1d69cdf6b667ff1b6545f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-5](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:e13c4a57def3f7b6e9e608eeef692ea555a757e33391b9dbc6f3616057ff36f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-6](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:019cd4c7a3db8c9e5909d5d81915af336ab6936d7c72858693bacba1a5b4840a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-7](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:b8216a82f5e2be59019dfd8fef7ab74439d04eb04dfe50296a63996977891444 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-7A](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-7A) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:d76ef4150d358b00d5e81f776c63fc714ff13bceacb877bea72ea0a7cd9e905c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-30-25-8](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:d9938309dc7bd4d30c1b19f67150ee57f98d66bde9aead4321ec39e8f697a54e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-9](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:e2179665fec9ee0b7b9d05759e7a716730d2948b97ed07b77d2f36e61ac68ccc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-10](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:1f57af68cfb4fe1cccb5a8ff3a951e36159f282bdbe87ca8e2707571752bf9bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/) ##### [848-30-25-11](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:51a7df7217979416000d8433c360537060f060574a5710ce97520ce8a1d5cf2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-11A](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-11A) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:fc6a0b84ab7f68f34d2a9a65e5ee15d8acfcfdd2e62bfbc7b0145f877cf25e93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-30-25-11B](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-11B) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:19a163bd4f3277d22701ce4a00889d75e90da47b6e66b42764a6472469e73238 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-30-25-11C](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-11C) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:9ca27a9e426c99bdce84905f09c137ec464b39819fa424522e76734231c69ad4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-30-25-12](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:672c61c5e2982d3d6f61e9879b1b8ba935d130883b1c213c3ea37aadaf647a77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-13](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:4a858a3cca6c8d436ad4be15c253ce7c8c810e166231966566b79818b2769f58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:53.098Z to 2026-09-10T02:02:03.075Z Record version: sha256:ccfd17eef9a05606fd80eb4b683b3ba052d881db060b28e4bfed51dec4d8b1cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-40: Reference Rate Reform — Fair Value Hedges ### Machine-generated study aids ```json { "summary": "ASC 848-40 was the placeholder subtopic for fair value hedges within Topic 848, Reference Rate Reform. Every paragraph in its Overview (05), Scope (15), and Recognition (25) sections was superseded by ASU 2020-04, so the subtopic contains no operative guidance. Optional expedients and exceptions for fair value hedging relationships affected by reference rate reform reside instead in ASC 848-50 (Hedging — General) and the related hedging subtopics.", "key_points": [ "All content of 848-40 — paragraphs 848-40-05-1, 848-40-15-1, and 848-40-25-1 through 848-40-25-9 — was superseded by Accounting Standards Update No. 2020-04.", "Because no paragraphs remain in force, ASC 848-40 imposes no recognition, measurement, or disclosure requirements and should not be cited as authoritative support.", "Guidance on applying optional expedients to hedging relationships affected by reference rate reform is found in the other subtopics of Topic 848 (notably 848-50), not in 848-40.", "The subtopic number is retained in the Codification structure only as a shell; readers encountering a cross-reference to 848-40 should trace forward to the ASU 2020-04 amendments." ], "categories": [ "Derivatives and hedging", "Transition and effective dates", "Financial instruments" ], "audience_level": "intermediate", "student_note": "Exam trap: a citation to 848-40 looks authoritative but is entirely superseded by ASU 2020-04 — the live reference rate reform hedging relief lives in ASC 848-50 and ASC 815. Always check whether a paragraph is marked \"superseded\" before relying on it.", "related_topics": [ "848-10", "848-20", "848-30", "848-50", "815-25", "815" ], "key_concepts": [ "reference rate reform", "fair value hedge", "superseded guidance", "optional expedients", "libor transition", "hedge accounting relief" ] } ``` Source downloaded (UTC): 2026-09-10T02:01:53.098Z to 2026-09-10T02:01:53.098Z Record version: sha256:52b43eb06e5af15ff89e348030c71aeee9b64657232881aee2aef41ed6e8afef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-40-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/40/#00-status) SEC content: no ##### [848-40-00-1](https://asc.understandingaccounting.org/asc/848/40/#848-40-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:53.098Z to 2026-09-10T02:01:53.098Z Record version: sha256:1b7b0dade24a105d166ca65dee899afc665105caec728591f8e60e4e6d28114e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
848-40-05-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-40-05-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-40-15-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-40-15-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-40-25-1 through 25-9
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-40-25-1 through 25-9
AddedAccounting Standards Update No. 2020-0403/12/2020
848-40-25-2AmendedAccounting Standards Update No. 2021-0101/07/2021
848-40-25-8AmendedAccounting Standards Update No. 2022-0612/21/2022
848-40-25-8AmendedAccounting Standards Update No. 2021-0101/07/2021
Source downloaded (UTC): 2026-09-10T02:01:55.400Z to 2026-09-10T02:01:55.400Z Record version: sha256:375d42861cff478ec3328042403d66ba04a5e7386656d0cfee463fe4eeecafc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-40-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/40/#05-overview-and-background) SEC content: no ##### [848-40-05-1](https://asc.understandingaccounting.org/asc/848/40/#848-40-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:55.400Z to 2026-09-10T02:01:55.400Z Record version: sha256:592f1ca064e2d0b4465ec6a811fa4bd4d514c72f70878a98122073e2c4e4f7e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:59.434Z to 2026-09-10T02:01:59.434Z Record version: sha256:b9933266cb310ee85a4d3174b1b4c462413f91c29bd82440bb4f3c07d2a9bea3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-40-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/848/40/#15-scope-and-scope-exceptions) SEC content: no ##### [848-40-15-1](https://asc.understandingaccounting.org/asc/848/40/#848-40-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:59.434Z to 2026-09-10T02:01:59.434Z Record version: sha256:2aee8d76b89b4153c33864cf69fd858d52abbb0e0ebac7a19c178280948aa193 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:1fd336c27581fb0b656915d397aba73d7c8b8eadcf46e1b3087f9f1899a8cac4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-40-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/848/40/#25-recognition) SEC content: no ##### [848-40-25-1](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:d0efb1a878c06cfa0420aba05c9f31475a12dca2ab35fd3604e5351a31da5a57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-2](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:c4d36b14c88453b826cdb34bad7af9aa28b0f575e9bfc1ddc9d991a8290b6eb0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-3](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:b3aa95266118a03677ea14e72c76f3156f5ea50077d52ddea51c757c211753ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-4](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:4b0ad0c37c66880c610f9f9dfa0b8adcb1154b27e172183d4e4adc02eace4570 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-5](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:6e6a52018463effb0490b48b2b9ab7437d4e80afe994b3403bbd3fe161ee44f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-6](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:989112399e4bea198c0ab83f84aacab2a8cf45c86985a7de9ea51de949cf8d73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-7](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:95d30b4ef0d86b13846c56ed9ba1cb3e1b162231861bc94332c2e99be8eb1b93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-8](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:f8b14c4d99083607189bcf94246f36454aa94f3d5d833ad6a5084ad8ca466a41 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-40-25-9](https://asc.understandingaccounting.org/asc/848/40/#848-40-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:03.075Z to 2026-09-10T02:02:03.075Z Record version: sha256:36a008b0a37dffd7f6532fd0ecda1be9fd17eba6b586d4178a39351f67cf7a2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:02:05.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:010f7f484545135067330873be5012debd023a9f626a1cfa665145dffac9d99a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50: Reference Rate Reform — Cash Flow Hedges ### Machine-generated study aids ```json { "summary": "ASC 848-50 was the Reference Rate Reform subtopic addressing cash flow hedges, but every paragraph in it has been superseded (almost entirely by ASU 2020-04, with one paragraph superseded by ASU 2021-01). As codified today it contains no operative guidance; the optional expedients and exceptions for hedging relationships affected by reference rate reform reside in the surviving subtopics of Topic 848.", "key_points": [ "Every paragraph of 848-50 (Sections 05, 15, 25, and 35) is marked 'Paragraph superseded by Accounting Standards Update No. 2020-04,' so the subtopic imposes no current requirements.", "Paragraph 848-50-35-19A was superseded separately by Accounting Standards Update No. 2021-01, which addressed derivatives affected by the discounting transition.", "No overview (Section 05), scope (Section 15), recognition (Section 25), or subsequent measurement (Section 35) guidance survives in this subtopic.", "Relief for cash flow hedges affected by reference rate reform must be researched in the remaining Topic 848 subtopics and Topic 815, not in 848-50.", "Superseded paragraph numbers are retained only as historical placeholders; citing them as authority is an error." ], "categories": [ "Derivatives and hedging", "Transition and effective dates", "Financial instruments" ], "audience_level": "intermediate", "student_note": "The trap here is citing 848-50 as live authority: the entire subtopic is superseded, so any reference rate reform cash flow hedge question must be answered from the remaining Topic 848 subtopics (and Topic 815). Spotting a fully superseded subtopic is itself a research skill.", "related_topics": [ "848-10", "848-20", "848-30", "848-40", "815-30", "815-20" ], "key_concepts": [ "reference rate reform", "cash flow hedges", "superseded guidance", "optional expedients", "libor transition", "discounting transition", "hedge accounting relief" ] } ``` Source downloaded (UTC): 2026-09-10T02:02:05.578Z to 2026-09-10T02:02:05.578Z Record version: sha256:96bbb18aec8be5e1ca4440a88572cef88c823ebddb75b599463518bc354e5d17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/50/#00-status) SEC content: no ##### [848-50-00-1](https://asc.understandingaccounting.org/asc/848/50/#848-50-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:05.578Z to 2026-09-10T02:02:05.578Z Record version: sha256:68c8e78ca7c5b8e684c1f7058c5649e36262afa2a8dd71198c6942ac47fd89d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
848-50-05-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-50-05-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-50-15-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-50-15-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-50-25-1 through 25-14
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-50-25-1 through 25-14
AddedAccounting Standards Update No. 2020-0403/12/2020
848-50-25-3AmendedAccounting Standards Update No. 2021-0101/07/2021
848-50-35-1AmendedAccounting Standards Update No. 2021-0101/07/2021
848-50-35-1 through 35-24
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-50-35-1 through 35-24
AddedAccounting Standards Update No. 2020-0403/12/2020
848-50-35-19AmendedAccounting Standards Update No. 2021-0101/07/2021
848-50-35-19ASupersededAccounting Standards Update No. 2021-0101/07/2021
848-50-35-19AAddedAccounting Standards Update No. 2021-0101/07/2021
848-50-35-20AmendedAccounting Standards Update No. 2021-0101/07/2021
848-50-35-24AmendedAccounting Standards Update No. 2021-0101/07/2021
Source downloaded (UTC): 2026-09-10T02:02:09.054Z to 2026-09-10T02:02:09.054Z Record version: sha256:c10961852d4d79fbd9f43bec2899d0ee5a4dab6ca848cab06cbe04a49409cf90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/50/#05-overview-and-background) SEC content: no ##### [848-50-05-1](https://asc.understandingaccounting.org/asc/848/50/#848-50-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:09.054Z to 2026-09-10T02:02:09.054Z Record version: sha256:7a09ef7ec921c9da3f313d84d0bab45b5e4025caa4b197e0e6429cef93461817 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:02:10.826Z to 2026-09-10T02:02:10.826Z Record version: sha256:3d2bc81221cbc299788cc3ffbc9120b5eea8a9575f2795379f91630246046052 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/848/50/#15-scope-and-scope-exceptions) SEC content: no ##### [848-50-15-1](https://asc.understandingaccounting.org/asc/848/50/#848-50-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:10.826Z to 2026-09-10T02:02:10.826Z Record version: sha256:ed5ab4fd35fa97feb789886a7fd8f36e819129d8dc2b2732373e52292644c46f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:aa2c4ccaaae6382e0ffc2d1692db118c1fe76a143794c3d2a1640ed394ce69a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/848/50/#25-recognition) SEC content: no ##### [848-50-25-1](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:d36ef677e8a7cb8d95e15262607208fbccb43bb3333a1e2b99ce25e2304413d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-2](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:8b4c3efffb1cc768f25c2eaec84e46e055586f40c6c1ba8d04e83141fb30430b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-3](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:39fd1776c896a67832e76be8eca21bdb1210d0bf05373820ec2a7756f70343dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-4](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:1b882b6484cc445a9adcfd4f83ec1bc6ba4333875fead51d9579f252f90c2ade Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-5](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:a5a71d0405ffd34f1ffc84c861fbea8cba9533ebe0b61d890264983dceb6738e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-6](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:b3f0e6204beb6622fc384f0fa4894f911e33d838ce3a782ef572cd1f9919cb73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-7](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:4478f053025dc4115246f058bc0b60cdfde1f233330d87fc04187cf000e064a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-8](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:2ab3eaad2ed499488ff711fc104d0a41b724d176acbc57558defdc19d94ec52b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-9](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:a5ef5760fb3d915b229a3aab20f81853c1b4fd95b6b0ba56b1c40500295612ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-10](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:ebd020c73eb75522582b4b485773ec1eb59d1c2de3af76d8e1ba64cc21c8bcfb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-11](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:0de7c5264754fb4588239e55d7826a7435a3362d72063034ef69c2cc5d4091d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-12](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:a8a0f7ad9ae656d7a745e3cdcff593226b6030388c07dfa6dc10d689be3dea5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-13](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:2e133c5821625beab01d5a17650930e0f44ca820b1f164c4292dd3d2660bb0da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-25-14](https://asc.understandingaccounting.org/asc/848/50/#848-50-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:12.763Z to 2026-09-10T02:02:12.763Z Record version: sha256:04bc697b71c348114504f7b845305da7b952dcbabdb639ef358b46c0ac4eb094 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:5ce691bf7ed18b1181578348ad28e416b0f378c21e86c1d0b1018cb2a4db117d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-50-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/848/50/#35-subsequent-measurement) SEC content: no ##### [848-50-35-1](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:79f0a6735f0aebe213f1ae1ae2b7c42a168fda827a4529f40204238703db71c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-2](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:85c48dc6695b00964d96dbb2cbdfce79335018bab88a5d22e618131b126c5728 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-3](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:5a1b464605886dd08176d4b40ebd5e94ba68dba9eae1cb6cb44a67fcbaa7f445 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-4](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:a05ad1aaca8521959d268f99cf1c932844bad1d3d71ec200724e66ea14f41467 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-5](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:b3b202f1ac306db349589cc5bf8513a20b0fd3049b8b3396527032cb24d9bde8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-6](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:49343d6db10af53b0f471b07a20195483fd5c85964548bc86e9f10e38ffb7a70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-7](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:8c89fb10f854a1de2e239530440cf0cfc9156cb6bd8c5a72e225870daf22c177 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-8](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:16bec41d09bac88d74ae5228e846d4e1745bb73101eea366bfc1239e24423059 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-9](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:78aca282df92d3eec46a0f87588bc46fc80bc36034c4bd6382a19174d40b1766 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-10](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:1d649072c252aa801b31a20c12959518099749730eeb3cdc94c9c94bac3a45b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-11](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:d1c8adadd1bec26efe267e7a61e075666ddc9d6e3e3c8c578dab80e386b4dd80 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-12](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-12) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:001ccfc3217188606d02a5d362fa9b0a8a49d9c737b47c4cadb7d7061c744002 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-13](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-13) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:a90463d3e64ba3e548b5fcf0b6b85454b3fb0b98b19d683ae26011d0e2695d26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-14](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-14) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:da57464d07bd8c550863685c4c8b6417afe05f80dba242267e70fda9c9d2027b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-15](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-15) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:9b98a1d8387ea94e5995f11a885a83c1175a04f4f0471823cc4ff6b70a5158f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-16](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-16) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:fc5ac07c70f12b4a30f659edeb451e8110969816de2916a0af3b206e8cbc5fb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-17](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-17) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:9ed132ce5ba905f23da80b18d560513c746ed10ef0faffca95496b79e153c301 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-18](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-18) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:eb9c2abc7583add6f2d3d3c2c27d6d5fae09e4d3848a6ad2b34630c5072b8170 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-19](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-19) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:1dc6d3eb95db3ef0b2ce41204c6f654804b6ff6180c32ad50cbe062c837b855a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-19A](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-19A) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:ae421612baf4d066be1598ce1029be8a51b455417f1daf2c257b458ba480fcd5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2021-01](https://asc.understandingaccounting.org/updates/asu-2021-01/). ##### [848-50-35-20](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-20) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:2d88d05be457eec83d2e34fd322f1305ee7e6079e16f3306dab98db37737db61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-21](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-21) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:63c1ce2298b9f88341aabb17c6ff7155f20c093bd3ba8fd4cb468e3a484e6e25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-22](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-22) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:a1d3d387f049cf74d4057fd59d41672c13c9969b79db71348d6efbeddb9f84f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-23](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-23) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:87b6e53723789bb72cab6113acc29a42150bea995c4275605ec2f1fca3358cc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-50-35-24](https://asc.understandingaccounting.org/asc/848/50/#848-50-35-24) Pending content: no Source downloaded (UTC): 2026-09-10T02:02:14.578Z to 2026-09-10T02:02:14.578Z Record version: sha256:735ace8678ed5f9d5ad6fc6a10a83d5eea6626c914725441318b27d5d021a043 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/).