Companies hurry to adopt new hedge accounting standard
Mar 09, 2018
On March 9, 2018, Accounting Today released an article on how some companies have opted to early adopt the new hedge accounting standard, particularly banks, even though they’re still dealing with other new accounting standards.
The Financial Accounting Standards Board issued its hedging standard last August, making it effective for public companies in 2019 and private companies in 2020, but also allowing for early adoption. The standard refines and expands hedge accounting for both financial risks, such as interest rates, and commodity risks.
Review the full article on Accounting Today's website.
