| Title: |
Hedge Accounting Improvements (Proposal). |
| Source: |
GAAP Update Service. 2/28/2025, Vol. 25 Issue 4, p1-11. 11p. |
| Subject Terms: |
*Interest rates, *Derivative securities, *Accounting, *Hedging (Finance), *Market exposure (Investments), *Interest rate swaps |
| Abstract: |
The GAAP Update Service article discusses proposed amendments to derivatives and hedging rules by the FASB, targeting specific, complex hedge accounting issues. The proposal covers topics such as hedging forecasted interest payments, cash flow hedges of nonfinancial transactions, and foreign-currency denominated debt instruments. Feedback from accounting firms and financial institutions shows widespread support for the proposed changes, with no additional disclosure requirements. The effective date for adoption is yet to be determined, with prospective adoption for existing hedging relationships and early adoption permitted for all entities. [Extracted from the article] |
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| Database: |
Business Source Complete |
