IASB Hedge Accounting Proposal Adds Disclosure, Presentation Requirements

The International Accounting Standards Board (IASB) on Thursday released a principle-based proposal on accounting for hedging activities that includes new presentation and disclosure requirements.


The IASB said the changes in the proposal would enable companies to better reflect their risk management activities in their financial statements. The changes are intended to help investors understand the effect of those activities on future cash flows.


The recommendations also include enhanced presentation and new disclosure requirements.


The exposure draft builds on proposals contained in the IASB’s discussion paper Reducing Complexity when Reporting Financial Instruments published in March 2008. The exposure draft forms part of the IASB’s project to replace IAS 39, Financial Instruments: Recognition and Measurement, and, if approved, will be incorporated into IFRS 9, Financial Instruments.


A summary of the proposals is available here .


Comments on the Hedge Accounting ED are due March 9.


To find out more, visit the Financial Instruments project page on the IASB website. A webcast on the proposals will be held at 9 a.m. U.K. time on Dec. 13, and repeated at 3 p.m. (10 a.m. EST). To register, click here .


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