Overview
The FASB issued final guidance that clarifies its new standards on credit losses, hedging and recognizing and measuring financial instruments and addresses implementation issues stakeholders have raised. The credit losses and hedging amendments have the same effective dates as the respective standards, unless an entity has already adopted the standards. The amendments related to recognizing and measuring financial instruments are effective for fiscal years beginning after 15 December 2019, including interim periods within those fiscal years. Early adoption is permitted.
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