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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…

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…