IASB proposes additional guidance on hedge accounting

06 September 2007

The IASB published for public comment an exposure draft of proposed amendments to IAS 39 Financial Instruments: Recognition and Measurement. The amendments are intended to clarify what can be designated as a hedged item in a hedge accounting relationship.

The exposure draft specifies the risks that qualify for designation as hedged risks when an entity hedges its exposure to a financial instrument. In addition it clarifies when an entity may designate a portion of the cash flows of a financial instrument as a hedged item.

The exposure will be freely available on theIASB Website from 17 September.

Deadline for comment is 11 January 2008.

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