Reminder about upcoming comment deadline: IFRIC D22

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14 Oct 2007

We remind you that the deadline is Friday, 19 October 2007, for responding to IFRIC Draft Interpretation D22 – Hedges of a Net Investment in a Foreign Operation..

IFRIC D22 clarifies two issues that have arisen on two accounting standards – IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 39 Financial Instruments: Recognition and Measurement – about the accounting for hedging foreign currency risk within a company and its foreign operations. The IFRIC proposal clarifies what qualifies as a risk in the hedge of a net investment in a foreign operation and where within a group the instrument that offsets that risk may be held.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.