United States

Simplified accounting for private companies: Certain interest rate swaps

WHITE PAPER  | 

Download white paper

On January 16, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-03, Derivatives and Hedging (Topic 815): Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps—Simplified Hedge Accounting Approach. Our white paper, Simplified accounting for private companies: Certain interest rate swaps, includes background information about why the simplified hedge accounting approach (simplified approach) was developed as well as discussion of:

  • The types of entities that are eligible to elect the simplified approach
  • The benefits of a private company electing the simplified approach as well as important points for a private company to consider before making a decision to elect the simplified approach
  • The criteria that must be met to apply the simplified approach
  • Overall documentation considerations when electing the simplified approach
  • The disclosures that must be provided if the simplified approach is elected
  • The effective date and transition applicable to ASU 2014-03
  • A sample of the documentation that could be prepared by a private company in connection with electing the simplified approach

AUTHORS


How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or

EMAIL US