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FASB Nears Proposal on Hedge Accounting

Tammy Whitehouse | July 15, 2015

After several years of relative inaction on hedge accounting, now the Financial Accounting Standards Board is near issuing a proposed update to accounting standards that would have a big effect on what would qualify for hedge accounting and how the accounting would be explained in financial statements.

FASB has decided tentatively to propose a number of targeted amendments to hedge accounting rules for both financial and nonfinancial hedges. The board is developing a draft accounting standards update to amend Topic 815 in the Accounting Standards Codification while the staff also is planning to study the costs, benefits, and complexity of what the board plans to propose. An proposed update to accounting standards is expected by the end of 2015....

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