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To the Point - FASB proposes amendments to clarify and enhance its hedge accounting guidance


Overview

Our To the Point discusses the FASB’s proposal that would amend certain aspects of its guidance on hedge accounting to better reflect an entity’s risk management activities in the financial statements. Among other things, the proposal would expand the hedged risks permitted to be aggregated in a group of individual forecasted transactions and increase the variable price components eligible to be designated as the hedged risk in the forecasted purchase or sale of nonfinancial assets. Comments are due by 25 November 2024.

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