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required; updated as warranted). For subscribers, links to substantive changes
made to the Roadmap since its issuance, if any, will be provided below.
This Roadmap provides an overview of the accounting and disclosure
guidance in ASC 820 and ASC 825 as well as insights into how to apply this guidance in
Fair value measurements and disclosures are generally relevant to the financial reporting
of all entities. The guidance on this topic in ASC 820 primarily reflects the outcome of
the FASB’s joint project with the International Accounting Standards Board
(IASB®) to substantially converge U.S. GAAP and IFRS®
Standards. The FASB has made certain amendments since the culmination of its joint
project with the IASB, including those in (1) ASU 2016-01, which amends the guidance in
U.S. GAAP on the classification and measurement of financial instruments and certain
disclosure requirements associated with the fair value of financial instruments, and (2)
ASU 2018-13, which changes the fair value disclosure requirements for all entities. The
guidance in this Roadmap is written as if adoption of ASU 2016-01 has occurred. Chapter
11 discusses fair value disclosures required before and after ASU 2018-13.
The guidance on application of the fair value option originated in FASB Statement 159.
The FASB has not made any significant amendments to this guidance since the issuance of
the original pronouncement.
This Roadmap is intended to help entities navigate the accounting guidance related to
fair value measurements and disclosures, reduce complexity, and arrive at appropriate
This Roadmap replaces the Deloitte Q&As that were contained in ASC 820 and ASC 825.
To find the text in the Roadmap that corresponds to a former Q&A, select the “Fair
Value Measurements” tab at the bottom of the Q&A to
Roadmap Quick Reference Guide and search for the Q&A’s number or
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series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting