This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FASB calls for views on hedge accounting

  • FASB (old) Image

10 Feb 2011

The United States Financial Accounting Standards Board (FASB) has issued a Discussion Paper to solicit input on how to improve, simplify, and converge the financial reporting requirements for hedging activities.

Differences exist between IFRS and U.S. GAAP relating to hedge accounting. The revisions proposed by the IASB in ED/2010/13 Hedge Accounting would result in more differences compared with the FASB's current and proposed hedge accounting guidance (as outlined in proposed Accounting Standards Update, Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging ActivitiesFinancial Instruments (Topic 825) and Derivatives and Hedging (Topic 815)). The FASB Discussion Paper asks stakeholders whether the IASB's proposals are a better starting point for any changes to U.S. GAAP as it relates to derivatives and hedging activities.

Click for:


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.