Our Derivatives and hedging guide focuses on the accounting and financial reporting considerations for derivative instruments and hedging activities, and reflects the targeted improvements issued by the FASB in August of 2017. It addresses the definition of a derivative and how to identify one on its own or when embedded in another contract. It also provides information on accounting for hedges of financial, nonfinancial, and foreign currency risks, and how to assess effectiveness. Finally, it addresses the presentation and disclosure requirements and the transition provisions for the 2017 amendments.
Chapter 10, Discontinuance, has been updated to clarify certain guidance.
In this podcast, we take a look at the FASB's new hedging guidance and highlight some of the bigger changes you can expect from the amendments.
| Duration 19:20
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