January 18, 2018
Most hedge programs could see a big win with FASB recently released updated hedge accounting guidance, ASU 815, but the “cost” of these improvements is an additional table summarizing all derivatives impacting income from both cash flow and fair value hedges.
August 15, 2017
The new FASB hedge accounting guidance will make hedge accounting a more attractive and flexible option for corporations and financial institutions.
May 8, 2017
The FASB continues to fine-tune its improvements to hedge accounting rules, which are due for final release later this quarter with early adoption available at the start of a company’s fiscal year.
February 21, 2017
On February 15th, the FASB re-deliberated the previously proposed prohibition of returning to qualitative effectiveness testing after a change in facts and circumstances.
February 21, 2017
On February 15th, the FASB discussed potential changes to the requirements for hedge documentation for private companies.
February 10, 2017
The FASB reaffirmed many of the decisions made in the original exposure draft issued September 8, 2016, however, they will continue to discuss the following issues raised by constituents in the two meetings detailed below.
February 10, 2017
The FASB met recently to discuss the results of the public outreach. They collated the input from 15 comment letters, 30 investors, 2 public roundtables with 18 participants each and the private company council meeting on December 13th.
February 1, 2017
The Chicago Mercantile Exchange (CME) and the London Clearing House (LCH) have changed the rules such that variation margin is now legally characterized as settlements as opposed to collateral.
December 15, 2016
The pursuit of a “perfect” update to ASC 815 shouldn’t get in the way of a timely release of the current “good enough” draft.