FASB is developing new guidance in hedge accounting and in how a company determines its ability to continue as a going concern.
In recent FASB meetings, the Board has decided to open a new project to consider how it might revise accounting rules around the ultra-complex areas of derivatives and hedge accounting. Separately, FASB also decided to open a new project to consider what may become a new accounting standard to address how an entity assesses its ability to continue as a going concern and when it switches to liquidation accounting.
