FASB issues standard bringing targeted improvements to hedge accounting
This Heads Up provides a summary of the FASB's Accounting Standards Update No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, which amends the hedge accounting recognition and presentation requirements in ASC 815, Derivatives and Hedging.
Hedging—FASB discusses feedback on key implementation issues
Hedging contractually specified components, interest rate risk in a financial instrument, last-of-layer method, and more
At its March 28, 2018 meeting, the FASB discussed a number of implementation issues related to ASU 2017-12 that arose from technical inquiries received by the FASB staff from various constituents.