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Overview
The FASB proposed amendments to clarify and improve certain aspects of the new hedge accounting guidance provided by ASU 2017-12. The proposal would clarify the new guidance on an entity’s ability to (1) change the hedged risk in a cash flow hedge and (2) designate contractually specified components in cash flow hedges of nonfinancial forecasted transactions. The proposal would also address issues associated with “dual” fair value and net investment hedges, and replace the term “prepayable” in the guidance on the shortcut method with the words “early settlement features.” Comments are due by 13 January 2020.
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