Hedge accounting rules change

first_imgThursday 9 December 2010 7:22 pm whatsapp The International Accounting Standards Board has announced plans to revolutionise hedge accounting for financial instruments by brushing aside existing rules and introducing a set of core principles instead. IASB chairman Sir David Tweedie said the changes, announced yesterday, would add simplicity to hedge accounting, while allowing for more easily identifiable risk management. Accountancy body ICAEW cautiously welcomed the new proposals – saying they might be an improvement but they were incomplete. ICAEW’s Dr Nigel Sleigh-Johnson said: “The very detailed and specific rules in the current standard made hedge accounting very difficult. It was hard for companies to explain their strategies and for users of financial reports to understand how the hedge accounting results related to them.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Hedge accounting rules change Tags: NULL Show Comments ▼center_img whatsapp KCS-content Share More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more