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FASB Proposes Fixes to Narrow Hedge Accounting Issues

Tammy Whitehouse | August 11, 2015

The Financial Accounting Standards Board is proposing some changes to hedge accounting rules recommended by its Emerging Issues Task Force meant to make it easier for companies to apply the rules consistently.

One proposed update to accounting standards would try to resolve different approaches that have developed in practice around how to apply a four-step decision sequence specified in accounting guidance meant to determine whether certain instruments should be treated as embedded derivatives that must be separated from the host contract. Another proposal would address different views around whether a change in counterparty in a derivative contract means that the instrument must be dedesignated as a hedge for accounting purposes.

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