Dataline: Accounting for hedging activities -- A comparison of the FASB's and IASB's proposed models (No. 2011-06)

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In December 2010, the IASB released for public comment an exposure draft of proposed changes to the accounting for hedging activities under IFRS, resulting from the third phase of the IASB's project to revise financial instruments accounting. In May 2010, the FASB issued an exposure draft that proposed fundamental changes to the accounting for financial instruments under U.S. GAAP, including certain changes to hedge accounting. The two boards have taken different directions with their proposals. The FASB is planning to seek feedback from its constituents on the IASB's December 2010 exposure draft. This Dataline compares the FASB's May 2010 exposure draft and the IASB's December 2010 exposure draft.