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IFRS in Focus — IASB issues exposure draft on hedge accounting

Published on: Dec 21, 2010

On December 9, 2010, the IASB published ED/2010/13 Hedge Accounting.  Hedge accounting is the final phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement.

The proposals in the exposure draft (ED) would allow an entity to mitigate recognition and measurement differences between hedging instruments (e.g., derivatives) and hedge items (e.g., forecast sales) when certain requirements are fulfilled and include many changes to the current requirement, with the aim of better reflecting risk management activities in the financial statements. Many hedging relationships that do not qualify under IAS 39 would qualify under the ED's proposals.

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