The Financial Accounting Standards Board
(FASB) has issued a discussion paper on how to improve, simplify
and converge reporting requirements for hedging activities.
Recent revisions proposed by the International
Accounting Standards Board would result in more differences
compared with the FASB’s proposed hedge accounting guidance.
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Therefore, the FASB is asking stakeholders
whether they believe the IASB’s proposals are a better starting
point for any changes to US GAAP in relation to derivatives and
hedging activities.
The deadline for comment is 25 April 2011.
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