Hedge accounting goes mainstream.
New standards are making hedge accounting more accessible to a range of businesses, as well as providing more timely and accurate reporting for investors. Depending on whether your company applies FASB’s ASU 2017-12, IFRS 9 or both, you face a different set of challenges.
U.S. GAAP aims to offer targeted improvements to address specific practice issues, and public companies are already moving to comply. IFRS 9 is broader in scope and has greater potential impacts, so companies are taking even more time for careful evaluation.