The FASB on Tuesday, Nov. 25, published two Accounting Standards Updates (ASUs) aimed at improving its guidance on hedge accounting and purchased loans.
ASU No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, lets entities apply hedge accounting to a greater number of highly effective economic hedges in five areas.
ASU No. 2025-08, Financial Instruments — Credit Losses (Topic 326): Purchased Loans, aims to improve guidance on accounting for purchased loans. Read more.