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Companies face first reporting under new hedge rules

Tammy Whitehouse | February 28, 2019

As calendar-year companies approach the end of the first quarter, time is getting short to wrap up activities to adopt major new accounting standards.

New rules to bring lease-related assets and liabilities on to corporate balance sheets have gotten plenty of attention, but they may have overshadowed other rules that also require transition to new requirements, especially new approaches to hedge accounting.

The Financial Accounting Standards Board enacted Accounting Standards Update No. 2017-12 on derivatives and hedging to take effect for public companies with the start of 2019. The guidance is now codified under Accounting Standards Codification Topic 815. The standard takes away many of the obstacles and tripping points companies have long navigated to achieve hedge accounting, prompting some to suggest companies would flock to...

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