A guide to accounting for derivatives and hedge accounting is now available. This new guide provides a comprehensive view of accounting for derivative instruments and hedge accounting. It represents the combination of our two prior stand-alone guides: A guide to accounting for derivatives and A guide to hedge accounting. The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 815, Derivatives and Hedging, provides the authoritative guidance for the areas covered by this guide.
In addition to combining the two prior guides, A guide to accounting for derivatives and hedge accounting:
- Incorporates recently issued Accounting Standards Updates issued by the FASB.
- Reflects the current status of the FASB’s standard setting activity related to its technical agenda and research projects intended to impact the guidance on derivative instruments and hedge accounting.
- Removes certain references to reference rate reform (ASC 848) due to the sunsetting of that guidance as of December 31, 2024.
