FASB recently published a proposed accounting standards update (ASU) that aims to clarify certain aspects of its guidance on hedge accounting.
The proposed ASU also addresses incremental hedge accounting issues arising from the global reference rate reform initiative.
The proposal would enable entities to apply hedge accounting to more highly effective economic hedges, improving the decision-usefulness of information provided to investors.
FASB seeks feedback on the ASU through Monday, Nov. 25. Individuals can submit their comments electronically on FASB’s website or by email to director@fasb.org. Read more.