MENU
Category Archives: FASB Updates
Introducing the Portfolio Method: The FASB Expands Fair Value Hedge Accounting
On March 28, the Financial Accounting Standards Board (FASB) issued ASU 2022-01 to improve and…
LIBOR Transition: Understanding FASB’s Latest Reference Rate Reform Guidance
In March, the FASB issued ASU 2020-04 on the “Facilitation of the Effects of Reference…
LIBOR Transition: The Latest Interest Rate Reform Details
As LIBOR is phased out, reference rate reform will identify new and alternative reference index…
FASB Proposed Guidance for LIBOR to SOFR Transition
As a follow up to FASB’s June initiative to provide accounting relief to organizations that…
FASB Issues Narrow-Scope Improvements to Financial Instruments Standards
In August 2017, the Financial Accounting Standards Board released ASU No. 2017-12, accounting guidance designed…
Are New Lease Accounting Rules About To Disrupt Your Balance Sheet Hedge Program?
Under new lease accounting rules, what was once a long-term operating lease off the…
Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate – Does it impact my hedge program?
With the LIBOR rate continuing to phase out, FASB announced last month that they have…
Overnight Index Swap Rate Joins List of U.S. GAAP’s Hedge Accounting Benchmarks
As seen in WG&L Accounting & Compliance Alert, Thomson Reuters/Tax & Accounting.
ASU 2017-12 Impact on Derivative Disclosures
The FASB recently released updated hedge accounting guidance which will improve the financial reporting to…