Technical Update – Accounting

New Hedge Accounting Rules Arrive – Finally!!

The IASB published the long-awaited standard on hedge accounting in November. The changes have been widely accepted by preparers as an improvement. The new guidance provides relief from the ‘rules-based’ approach in IAS 39 and is likely to allow hedge accounting in more circumstances. It is expected that most corporates will adopt IFRS 9 to take advantage of the positive changes it introduces.

In general, IFRS 9 is good news, and its adoption will result in more qualifying hedging relationships than under IAS 39.

READ MORE>…

This members’ update is for general information only and should not be regarded as a substitute for tax, legal or other professional advice. Such advice should be taken before acting on or taking steps in relation to matters referred to in this document.

0
  Related Posts
  • No related posts found.