SOURCE: http://www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/WD627B_13-12-13
Special edition of IFRS News on IFRS 9′s new hedge accounting requirements
The GTI IFRS Team has issued a special edition of IFRS News on the new hedge accounting requirements that were added to IFRS 9 ‘Financial Instruments’ at the end of November.
The new requirements themselves look to align hedge accounting more closely with entities’ risk management activities. As a result, clients who have not previously used hedge accounting may now wish to do so. They should be aware though that the increased flexibility of the new requirements are partly offset by entities being prohibited from voluntarily discontinuing hedge accounting and also by enhanced disclosure requirements.
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