FASB proposes major changes to hedge accounting
12 Jun 2008
The US Financial Accounting Standards Board has published an exposure draft (ED) on Accounting for Hedging Activities – an amendment of FASB Statement 133. If adopted, the new rules would apply for financial years beginning after 15 June 2009, and interim periods within those fiscal years.
Comment deadline is 15 August 2008.
FASB staff will present the ED to the IASB in an education session at the IASB meeting on 18 June 2008. Click for:
Among other things, the ED proposes to:
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- FASB News Release (PDF 32k)
- FASB Exposure Draft (download from FASB website, PDF 341k)
- IASB Agenda Paper for the Education Session – PowerPoint presentation (PPT 122k)