IAS 39 — Cash flow hedge accounting of forecast intragroup transactions

Background

In this project, the IASB sought to amend IAS 39 Financial Instruments: Recognition and Measurement to clarify the treatment in consolidated financial statements of a foreign currency cash flow hedge of a highly probable forecast external transaction denominated in the functional currency of the group entity (e.g. a subsidiary) entering into the transaction.

 

Current status of the project

This project has been completed. The IASB issued Cash Flow Hedge Accounting of Forecast Intragroup Transactions (Amendments to IAS 39) on 14 April 2005.

 

Project milestones

DateDevelopmentComments
8 July 2004 Exposure Draft Cash Flow Hedge Accounting of Forecast Intragroup Transactions published Comment deadline 8 October 2004
14 April 2005 Cash Flow Hedge Accounting of Forecast Intragroup Transactions (Amendments to IAS 39) issued Effective for annual periods beginning on or after 1 January 2006

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