Heads Up — FASB issues proposal to refine the scope of ASC 848 in response to reference rate reform

Published on: 06 Nov 2020

This Heads Up discusses the FASB’s recently issued proposed ASU that would permit entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, for computing variation margin settlements, and for calculating price alignment interest in connection with reference rate reform activities underway in global financial markets.


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