IASB publishes exposure draft on hedge accounting
Dec 09, 2010
The International Accounting Standards Board (IASB) has published for public comment an exposure draft on the accounting for hedging activities.
The proposed model is principle-based, and is designed to more closely align hedge accounting with risk management activities undertaken by companies when hedging their financial and non-financial risk exposures.
Summary of the ED proposals
The exposure draft forms part of the IASB's overall project to replace IAS 39 Financial Instruments: Recognition and Measurement, and when its proposals are confirmed they will be incorporated into IFRS 9 Financial Instruments. The exposure draft does not include consideration of portfolio macro hedge accounting which the IASB will continue to discuss.
The exposure draft ED/2010/13 Hedge Accounting is open for comment until 9 March 2011. The IASB intends to finalise and issue the proposals during the first half of 2011.
- IASB press release (PDF 40k)
- Access to the Exposure Draft (link to IASB website)
- IASB Snapshot: Hedge Accounting (PDF 106k)
- History of the IASB's hedge accounting project on IAS Plus