FASB makes hedge accounting easier: ASU 2017-12
Reports & Whitepapers

FASB makes hedge accounting easier: ASU 2017-12

Brian Phelan FX October 2017

Accounting for derivatives under ASC815, and specifically applying hedge accounting, has always been a complex undertaking for financial statement preparers. The difficulty associated with its application and the limitations imposed for hedging both non-financial and financial risks have finally been addressed by the Financial Accounting Standards Board (FASB), in its latest Accounting Standards Update (ASU 2017-12), issued on August 28, 2017.

This ASU, taking effect after December 2018, is a significant improvement designed to help companies better align their hedging activities with the reflection in their accounts and in a simpler and less onerous way.

This report details the changes that aim to simplify hedge accounting and how JCRA can help implement these within your organisation.


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