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EFRAG submitted its endorsement advice to the European Commission regarding the amendment to IAS 39 - eligible hedged items, recommending its endorsement.
The Amendment clarifies two aspects of existing IAS 39. They are (a) when inflation can be designated as a hedged item in a financial instrument under the hedge accounting provisions in IAS 39 and (b) how hedge accounting can be applied to hedges where a hedging instrument is an option contract.