The Derivatives and hedging guide provides guidance on the accounting for derivatives and hedges for financial and nonfinancial assets and liabilities.
This guide was fully updated in November 2020.
Our Derivatives and hedging guide focuses on the accounting and financial reporting considerations for derivative instruments and hedging activities.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 FASB’s hedge accounting standard.
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